Bank technology

The payments processor CyberSource Corp. was downgraded by two analysts Friday after reporting lower second-quarter earnings and warning that it will probably post a third-quarter loss.

The table lists daily composite stock prices at 4 PM (unless otherwise noted) as measured by market capitalization.

A small provision in a big patent reform bill could make a big difference to the banking industry at the expense of a small patent holder that claims broad rights over the process of creating and storing check images.

Wells Fargo & Co. plans to announce on Tuesday its entry into the mobile-banking market, with a service that uses the Web browser of cellphones and other mobile devices.

ERF Wireless Inc. announced that First Federal Bank of Louisiana has signed a 10-year contract to offer Internet services to First Federal's customers in southwest and central Louisiana.

Bankers' Bank Northeast, a wholesale correspondent bank in Glastonbury, Conn., has agreed to offer local check-clearing via image to its 165 community-bank customers in New England and New York.

The Senate Judiciary Committee voted Thursday to limit the potential damages banks would incur when they infringe patents during check-clearing processes.

PayPal Inc.'s merchant services revenue grew substantially in the second quarter and helped drive the earnings of its parent company, eBay Inc. Related Links Complete 2Q 2007 Earnings Coverage

Fifth Third Bancorp is applying the imaging expertise that it has acquired in clearing check images to increase efficiency in other operations.

The San Jose point of sale terminal maker VeriFone Holdings Inc. said it fired William G. Atkinson, its executive vice president for payment systems, for trying to get coworkers to join a rival.

Bohai Bank of China has become the first company to sign up for a risk management application from Misys PLC of London.

Marshall & Ilsley Corp. said that it spent $2.3 million last quarter preparing to spin off its Metavante Corp., and that the effort has cost $3.6 million to date.

Fiserv Inc. said that one of its five group presidents has resigned.

The Houston air carrier ExpressJet Holdings Inc. has agreed to install cash and treasury management software from Kyriba Corp. of San Diego at its ExpressJet Airlines.

The Redwood City, Calif., database giant Oracle Corp., seeking to expand its online fraud prevention capabilities, has agreed to buy the Santa Clara security software vendor Bharosa Inc.

Alaska Air Group Inc. has started accepting card payments for purchases made during 22 daily transcontinental flights.

Four banks have renewed their contracts to outsource their core processing to Open Solutions Inc. of Glastonbury, Conn.