Bank technology

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.

NetBank Inc. is promoting itself on uBid.com to attract new customers.

First Data Corp. must restate all its results since 2003, cumulatively increasing its net income by $30 million, to correct accounting errors related to its official check business and Western Union Financial Services.

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Bankers promoting a converged payments system that would use both imaging technology and the automated clearing house network say there is strong interest, and they hope to begin testing the system next year.

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(ATM&Debit News)

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

The compliance and lending software vendor Wolters Kluwer Corporate and Financial Services has agreed to acquire GulfPak Corp., a Jackson, Miss., account origination and lending software provider.