Bank technology

Oracle Corp. of Redwood Shores, Calif., moved closer to its stated goal of becoming a more important banking technology provider Tuesday by announcing it would purchase a majority stake in the Indian core processing developer i-flex solutions ltd.

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Banks are losing $1 million a month to scams targeting automated teller machine cards, but many of these crimes could easily be thwarted using security features already built into the cards, a report says.

The Hillsboro, Ore., technology vendor Corillian Corp. reported a decline in its second-quarter results (which still beat its guidance) and said it is pilot testing a security product it hopes to cross-sell to online banking customers.

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

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In a deal that could be the first step in building its own bill-payment service, Fiserv Inc. has agreed to purchase BillMatrix Corp., which provides customers with a way to make last-minute payments.

Taking a page from the payday lending playbook, a San Diego start-up called Spotya is offering short-term loans for Internet shoppers.

Fidelity National Financial Inc. said Wednesday that restructuring charges related to the planned spinoff of its title insurance operations led to a decline in second-quarter profits, though it managed to beat Wall Street expectations.

Union Bank of California of San Francisco, which is mostly owned by Mitsubishi Tokyo Financial Group Inc., is replacing its in-house trade finance computer system with a Web-based version that it will share with other banks.

Ronald A. Katz Technology Licensing LP, which has settled disputes over its call center patents with several companies by working out licensing agreements with them, is taking on perhaps its biggest opponent yet: Citigroup Inc.

JPMorgan Chase & Co. took its online banking system down Sunday, and when it came back up Monday it included some features plucked from bankone.com.

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Bisys Group Inc. seems committed to retaining its bank-outsourcing business after it restates historical earnings for a second time and settles mutual-fund issues with regulators, an analyst said Monday.

The online banking software vendor S1 Corp. said Monday that it had ousted chief executive Jaime Ellertson and lowered its earnings forecast for the second quarter.

Fiserv Inc. topped Wall Street's earnings expectations in the second quarter and raised its projections for the year but said revenue would take a hit in 2006 from the expected loss of three outsourcing customers.