Bank technology

First Data Corp. has agreed to sell its tax software business so it can concentrate more on its core transaction processing operations.

The security software vendor Arcot Systems Inc. has made its antifraud technology compatible with the aggregation software products sold by Yodlee Inc.

Online Resources Corp. has hired Robert R. Craig to manage its bill-payment unit, which expanded significantly when the Chantilly, Va., banking technology vendor acquired the bill-pay provider Princeton eCom Corp. in July.

Three Asian financial companies are using treasury management software from Misys PLC.

Commonwealth Bank and Trust Co. of Louisville is using instant payment card-issuing systems from Dynamic Card Solutions of Englewood, Calif.

Bankers anticipate significant changes in payment processing, especially among large merchants, as a result of rules that will take effect in March and will authorize a new way to convert checks into automated clearing house transactions.

Two antifraud vendors, Covelight Systems Inc. of Cary, N.C., and Digital Envoy Inc. of Norcross, Ga., have begun selling a combined version of their products.

First Security Bancorp of Searcy, Ark., plans to install an automated marketing software package from Marshall & Ilsley Corp.'s Metavante Corp. of Milwaukee.

With its check-printing business in decline, Deluxe Corp. has expanded its commercial capabilities by acquiring a midwestern printing company.

Though large banks are starting to show signs of slowing growth in their bill payment services, two vendors that serve smaller banks are saying the online bill payment space is rife with opportunity.

Capgemini Service SAS of Paris, seeking to expand in the financial services market as well as in India, has agreed to buy the outsourcing provider Kanbay International Inc.

MetroCorp Bancshares Inc. of Houston has agreed to use online banking and bill-payment software from Digital Insight Corp. to expand its customer base.

Fiserv Inc. expects to decide by yearend which of its business units, if any, it may sell or shut down, its chief executive said.

Is the industry ready for an open approach to sharing online fraud data?

First Data Corp.’s third-quarter earnings fell 34%, to $342.2 million, or 17 cents per share, in part because of one-time charges including last month’s spinoff of Western Union Co.

The conflict between S1 Corp.'s management and an unhappy investment group reached a turning point Monday, with a buyback offer and the departure of S1's chief executive.