Bank technology

JPMorgan Chase & Co. has doubled its automated teller machine network in New York City through a deal with the city's largest drugstore chain.

The use of mobile phones to initiate payments, a common practice in Europe and Asia, has yet to catch on in the United States.

Digital Insight Corp. of Calabasas, Calif., said Monday that it has an exclusive five-year agreement to distribute CashEdge Inc.'s technology for instant online opening and funding of accounts to small and midsize institutions.

Google Inc. is reportedly developing an Internet payment service, but industry watchers say the online search powerhouse may be able to succeed where many challengers to PayPal Inc. have failed.

Financial companies are realizing that just as online banking needs support from other channels, search-engine marketing works best with help from other kinds, online and off.

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

Zions Bancorp.'s decision to strike a licensing deal with a small payment processor that claims broad patent rights over digital check imaging technology could pressure other financial services companies to do the same.

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Driven by check-imaging technology and diversification by core processors, bank technology vendors made more acquisitions last year than in any other year in more than a decade, but observers do not expect the industry to repeat the feat this year.

Union Bank of California has agreed to offer Clearingworks and another US Dataworks Inc. product to its customers.

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Banks that let customers update their mailing addresses online or by phone should keep tabs on such changes, which may signal identity theft, security experts say.

Hoping to benefit from banks' growing interest in health care, the financial technology provider Fiserv Inc. is introducing a health savings account that its says could enable banks to increase their deposits.

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