Bank technology

The Jersey City banking software company Fundtech Ltd. has signed four new bank customers for its cash management software.

A small item processing company won an important victory in its legal battle to assert its patent rights for digital imaging technology that it claims is critical to check image exchange systems.

By getting the encryption technology in its mainframe operating system certified, International Business Machines Corp. has made it easier for banks to use digital certificates.

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The increase in online fraud and unauthorized access to consumers' bank accounts is prompting banks to follow the lead of credit card companies and keep closer watch over individual transactions.

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Discover Financial Services Inc. has become the first card issuer to offer Yodlee Inc.'s consolidated online bill payment product, but Citigroup Inc. plans to stop using a Yodlee aggregation product.

The card processor Total Systems Services Inc. could come out a winner in Bank of America Corp.'s deal for MBNA Corp., an analyst says.

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The phenomenal growth in accounts receivable conversion of automated clearing house payments will eventually decline, because consumers are paying more monthly bills online or with credit cards.

StrikeForce Technologies Inc. of Edison, N.J., has started marketing the VerifyID automated authentication system, which quizzes customers on personal facts.

As the Federal Reserve banks shutter check-processing centers around the country, they also are closing some of the vaults where they provide cash services to banks and credit unions.

A Brazilian unit of Bank of America Corp. is trying to turn mobile phones into mobile banking systems that would enable customers to access their online accounts from just about anywhere.

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Fifth Third Bancorp has become the first nonowner banking company to send check images through the SVPCO Check Image Exchange Network, and says the effort will cut down on its expenses.

The increasing use of fake e-mail messages and the recent spate of data security breaches at banks, merchants, and card processing companies are making consumers wary of banking online.

The online banking technology company Digital Insight Corp. of Calabasas, Calif., has landed a big new credit union customer and expanded its relationships with two credit unions.

Metavante Corp. has announced two acquisition deals in the last two business days and is looking for more to round out its product line.