Bank technology

Open Solutions Inc. of Glastonbury, Conn., said Friday that it had completed its twice-delayed purchase of the banking processing business of Bisys Group Inc., a financial outsourcer, for $470 million in cash.

When William Randle left Huntington Bancshares Inc. in 2001, he took with him four patents covering various electronic payment technologies.

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

The Atlanta banking technology vendor S1 Corp. says it hopes a deal announced this week will help it address its ongoing earnings slump, which it attributes in part to its shift to subscription pricing.

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Open Solutions Inc. remains committed to buying Bisys Group Inc.’s bank-processing business despite announcing a second delay this week in completing the deal.

RSA Security Inc. has developed a way for banks to determine which of their customers would benefit from using passcode-generating tokens, and E-Trade Financial Corp. has agreed to use it.

First National Bank Holding Co. of Scottsdale, Ariz., has 26 branches in three southwestern states — and corporate customers in 49 states.

Fidelity Investments Institutional Services Co. hopes to increase business with a search engine that directs users to Fidelity's competitors.

M&T Bank Corp. of Buffalo is giving up automated teller machine surcharge revenue from machines at some convenience stores in exchange for more name recognition and, maybe, more volume.

Metavante Corp. is trying to capture a bigger piece of the growing business for processing transactions for health savings accounts.

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

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Jack Henry & Associates Inc. has created a division to house the 13 companies it has acquired in the past 18 months.