Bank technology

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.

A product Cyota Inc. is unveiling today verifies to users that a Web site is legitimate.

A string of customer wins for Metavante Corp.'s online bill payment service highlights a growing effort on the part of banks to reduce their top-line expenses for the service.

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Viewpointe Archive Services LLC's image-sharing system, conceived as a centralized check-clearing hub, is morphing into a decentralized exchange network that nonmember banks could use to send files to one another.

The Blue Bell, Pa., technology hardware and services company Unisys Corp. says it may sell its stake in a troubled U.K. check-processing joint venture.

The Federal Reserve banks are planning to shut down in September 2006 the aging FedLine system that banks use to access the Fed's payments systems.

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