Bank technology

ORLANDO — Though the Check ACH Coalition has abandoned its plan to create a new payments system linking image exchange networks and the automated clearing house system, its members are still working to make the two formats more compatible.

As paper checks are transformed into such varied forms as digital images, image replacement documents, and automated clearing house transactions, there is a growing risk that they will be settled more than once, experts warn.

MasterCard Inc. is working with a trade group to develop a way to deliver international person-to-person remittances through mobile phones.

An image-exchange network set to go live this week is touting its capability to settle payments within a single region - a sharp divergence from the dominant model of connecting banks that are often separated by great distances.

Shares in Jack Henry & Associates Inc. rose slightly last week after the banking technology vendor singled out payments as a driver for its strong earnings.

NCR Corp. has signed deals to deliver automated teller machines to banks in India and Africa.

John H. Harland Co. said Thursday that expenses related to its pending sale drove down its fourth-quarter results.

A consortium of financial and technology companies plan to market their payments capabilities to small businesses by promoting their compatibility with the latest version of Microsoft Corp.'s Windows operating system.

Oracle Corp. said it has submitted its Identity Governance Framework to the Liberty Alliance to be developed into an open-source standard for protecting sensitive identity-related information as it travels across computer systems.

RSA Security Inc., a San Francisco unit of the Hopkinton, Mass., data storage vendor EMC Corp., has teamed up with McAfee Inc. of Santa Clara, Calif., to develop an online banking security product.

Fidelity National Information Services Inc. has reported strong fourth-quarter growth and is turning its sights on midsize banks, which Lee Kennedy, its president and chief executive officer, said Wednesday are those ranked 50th to 150th in asset size.

First Federal Community Bank of Bucyrus, Ohio, has agreed to outsource its core account processing to the Avon, Conn., service bureau COCC.

Intuit Inc. of Mountain View, Calif., said it has completed its $1.33 billion acquisition of the Calabasas online banking outsourcer Digital Insight Corp.

The Federal Trade Commission said the number of identity theft complaints it received last year dropped slightly from 2005, but the amount victims lost as a result of fraud rose sharply.

BB&T Corp. says it has started opening accounts instantly online to attract customers.