Bank technology

Contactless cards may be the best way for banks and merchants to persuade consumers to use cards instead of cash at the point of sale for transactions under $5, experts say.

A growing number of banks are installing check scanners at their teller windows to maximize the advantages of using imaging technology.

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JPMorgan Chase & Co. plans to double its head count in India in the next couple of years.

RSA Security Inc., which is seeking better access to the U.S. online banking authentication market, announced Monday that it is buying the security technology vendor Cyota Inc. for $145 million.

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

The biometric payments company Solidus Networks Inc. has made good on its promise to invest in rewards technology by purchasing Capture Resource Inc. of Bristol, Pa., which manages loyalty programs and offers business process outsourcing.

AirNet Systems Inc., the nation's largest check courier, said the private equity company that has been negotiating to buy it has asked for an extra 15 days to study its operations.

The next step in Wachovia Corp.’s offshoring plans has been put into motion — on Wednesday it signed a deal to have a former General Electric Co. unit handle some of the banking company’s back-office processing.

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Hiring Nasdaq Stock Market Inc.'s chief information officer may signal that Citigroup Inc. means to beef up its electronic trading capabilities, analysts said Wednesday.

Viewpointe Archive Services LLC, the massive check image repository that serves 11 of the nation's biggest banks, plans to link its systems with the archive operated by Fiserv Inc., which serves thousands of smaller banks.

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Print System Helps Wachovia Speed Up Employee Checks