Bank technology

The single payment system European bankers are building, which would span the continent and could disrupt long-standing banking relationships, has U.S. bankers sensing an opportunity.

To attract more customers for its core bill payment product, CheckFree Corp. has started offering banks software from CashEdge Inc. of New York for opening, funding, and transferring money between accounts.

Metavante Corp. plans to offer a service to process last-minute bill payments, which would enable its customers to charge users a fee.

ING Bank FSB of Wilmington, Del., has started using security software from RSA Security Inc. to improve the authentication process on its Web site.

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

Entrust Inc.'s purchase of Business Signatures Corp. gives the buyer both the pieces it needs to offer banks a full suite of anti-fraud products, and gives another indication that consolidation is picking up in the banking security software market.

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Strong growth in remittance and bill payment volume helped drive up MoneyGram International Inc.’s second-quarter earnings and prompted it to raise its full-year guidance.

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Total System Services Inc. reported solid second-quarter earnings but warned that two anticipated customer losses would hurt revenue in the third and fourth quarters.

Metavante Corp. of Milwaukee has created a division to offer corporate cash management products and raided the competition for an executive to run it.

Leader Bank NA in Arlington, Mass., is using instant messaging software to make it easier for customers to get in touch with branch personnel.

Fidelity National Information Services Inc. has created an outsourcing business in Brazil, in a move that showcases the company’s strategy of linking the processing of payment card transactions and paper checks.

Metavante Corp. said that cross-selling helped drive up sales in the second quarter.

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

First Horizon National Corp. is preparing to use a deposit service developed for branchless banks by NetBank Inc. to offer traditional banking products and services to more customers outside its brick-and-mortar coverage area.