Bank technology

Citigroup Inc. is strengthening its cash management operation by creating an executive position and promoting an executive to fill another.

Nice Systems Ltd., an Israeli company that monitors customer interactions across channels, plans to expand into fraud detection by buying Actimize Inc. of New York.

JPMorgan Chase & Co. says a link it plans to establish with a health-payments clearing house should give the New York company's claims-processing service a boost.

Fiserv Inc.'s debit unit has struck a seven-year deal to provide transaction processing and automated teller machine management for Select-A-Branch, a King of Prussia, Pa., independent sales organization.

A sweeping reorganization plan announced by the struggling point of sale terminal maker Hypercom Corp. includes restructuring its sales team and outsourcing its manufacturing.

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

Golden 1 Credit Union of Sacramento is using multifactor authentication software from Arcot Systems Inc. of Sunnyvale, Calif.

The Shoreview, Minn., check printer Deluxe Corp. said it is expanding its board by naming three additional directors.

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

The Portland, Ore., automated teller machine operator TRM Corp. has sold its Canadian photocopier business to TRM Multitech Services Inc., a company owned by a former TRM Corp. executive.

TNS Corp.'s stock price rose Friday morning after the Reston, Va., provider of telecommunication services to transaction processors received a positive note from Chris Penny, an analyst with Friedman, Billings, Ramsey & Co. Inc.

Oracle Corp. says its creation of a business unit to serve financial companies positions the database vendor for an anticipated wave of conversions of banks' core accounting systems.

Total System Services Inc.'s joint venture in China has signed a card processing deal with Huaxia Bank Co. Ltd. that gives TSYS a large share of an increasingly competitive market.

Oracle Corp. announced Thursday that it has formed a unit to focus on banks, insurance companies, and capital markets firms.

Six months after concluding one of the industry's first major customer tests of mobile banking, BancorpSouth Inc. is sharing some of its findings and talking about what might be its next major mobile offering: payments.

First Data Corp. of Denver has signed a three-year deal to provide merchant processing for Lenovo Group Ltd., the company that bought International Business Machine Inc.'s personal computing division in 2005.

Verizon Wireless has agreed to let its customers download person-to-person payments software from Obopay Inc. to their phones.

NCR Corp. has renewed and expanded an agreement to provide automated teller machines and services for Commerce Bancorp Inc. of Cherry Hill, N.J.