Bank technology

Fiserv Inc. has agreed to use software from eFunds Corp. of Scottsdale, Ariz., to help financial customers of its Fiserv CBS Worldwide protect themselves against fraud and identity theft when opening accounts.

Metavante Corp., the technology subsidiary of the Milwaukee banking company Marshall & Ilsley Corp., has completed its acquisition of Vicor Inc., a Richmond, Calif., maker of lockbox automation systems.

Nacha expects to introduce a sweeping set of proposed rule changes this year that it says are aimed at curbing fraud on the automated clearing house network.

The San Francisco payment technology vendor BServ Inc. has acquired Magex Managed Payments Platform, the person-to-person payment technology unit of Magex Holdings Ltd. of London.

In the 18 months since becoming its president and chief executive officer, Philip G. Heasley has been putting his stamp on Transaction Systems Architects Inc., which sells automated clearing house software and wire transfer systems for large banks.

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Mellon Financial Corp. is offering to convert check images into automated clearing house payments for businesses that are using its remote deposit services.

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Organizers of the Check ACH Coalition said Wednesday that more than half the participants at an online seminar want to pursue the proposed project, which would link the automated clearing house payments system with check-image exchange networks.

Wells Fargo & Co. said it has improved its online banking security by installing software from Bharosa Inc. that analyzes customers’ computers to ensure that people are using known machines.

Transaction Systems Architects Inc., seeking added recurring-services revenue, is buying the cash management software provider P&H Solutions Inc. for $150 million in cash.

In a renewed effort to encourage money transfers to Mexico using the automated clearing house network, the U.S. and Mexican central banks have begun promoting an online service to let workers here open accounts on behalf of recipients there.

Bank of Internet USA has launched another "cyberbranch" to attract more customers to its online-only bank, this time targeting recreational vehicle owners.

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Financial companies that are tightening their online security this year to comply with federal guidelines have typically focused on multifactor authentication technology, but they have Igor to thank for a second option - transaction monitoring.

Center Bank of Los Angeles outsources its check processing but says it is improving its in-house fraud detection by upgrading the way it examines check images.

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