Bank technology

Community Banking Systems has developed a remote check-image capture service aimed at consumers.

Challenge questions, the prompts that many banks and other companies use to authenticate customers' identity online, are themselves giving rise to a new generation of customer service challenge.

The Financial Services Technology Consortium says a methodology it has created to evaluate fraud protection and authentication software can lead to more effective, standardized security products.

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By hiring a high-profile executive from a rival, Getronics NV hopes to boost its sales in the United States.

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

A plan by the Federal Reserve Board to shutter three western check-processing centers could encourage banks to implement image technology, industry observers say.

RSA Security Inc., which has purchased two security companies since December, has combined their software to create a single product for authenticating identities and monitoring transactions for fraud.

The number of check images that settle electronically is closing in on the number of images that must be converted back to paper.

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Bank of America Corp. is hoping to build on the success of its Keep the Change program by expanding the 5,000 affinity card relationships it got in January by buying MBNA Corp. to include affinity mortgages, insurance, and other products.

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

LAS VEGAS - Some payment executives, including some bankers, are voicing skepticism over the value of a converged payment system that would use both image exchange systems and the automated clearing house network to settle payments.

Emigrant Bancorp of New York has raised the rate it offers on its online savings account to 4.65%, from 4.50%.

Endpoint Exchange LLC, which operates an image exchange network used mostly by small financial institutions, has added some large ones.