Bank technology

The payments software company Fundtech Ltd. said that AgriBank FCB was its first client to use its software to connect to the Federal Reserve banks' FedLine Direct access system in production.

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

S1 Corp. hopes that Enterprise, once the Atlanta online banking software vendor's most prominent unit, will benefit from efforts to promote a smaller unit that sells software to community banks.

The Federal Reserve banks and The Clearing House Payments Co. LLC plan to decide by June how to incorporate remittance information into wire transfers.

Endpoint Exchange LLC, the image network owned by Marshall & Ilsley Corp. that primarily serves small financial companies, and the SVPCO Image Payments Network, which serves the large banking companies that are members of The Clearing House Payments Co. LLC, have linked their systems.

A pair of industry groups urged the Society for Worldwide Interbank Financial Telecommunication to improve the transparency of payment instructions it handles.

Commerce Bancorp Inc. of Cherry Hill, N.J., agreed to use automated clearing house payments software from CheckFree Corp. of Atlanta. CheckFree, which announced the deal Monday, said Commerce will use its Account Reconciliation Package and its Service Management System to originate and receive ACH payments and offer an online positive pay system.

Consumers with Internet access at home are paying more bills online than by mail, according to CheckFree Corp.

The banking technology vendor S1 Corp. of Atlanta has added Edward Terino, the chief executive of Arlington Tankers Ltd. of Westport, Conn., to its board.

CHICAGO  Bankers and vendors say they are beginning to develop mobile banking technologies that their corporate clients, and the banks' own employees, can use for treasury functions.

The Waltham, Mass., micropayment software vendor Peppercoin Inc. has sold itself to Chockstone Inc., a Portland, Ore., loyalty marketing vendor.

A vendor says it is hoping to persuade banks and brokerages to offer customers security tokens embedded within payment cards.

Propelled by a proliferation of payment options, the use of the automated clearing house system continued to swell in 2006.

John W. "Jack" Henry, the co-founder and acting vice chairman, of the Monett, Mo., banking technology provider and outsourcer Jack Henry & Associates Inc., died Friday of natural causes at age 71.

As details of Citigroup Inc.'s cutback plans emerged last week, new information about the company's ongoing technology projects sparked speculation that the company may be mulling a core processing upgrade.