Bank technology

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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.

By simplifying the process, International Business Machines Corp. is hoping to motivate the world’s banks to take on one of the industry’s most challenging tasks: upgrading their aging core processing systems.

Headlines:

At first glance the two promotions look identical: free iPods for new customers who agree to pay bills online.

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Wachovia Corp. plans to outsource some of its technology work to India under a cost-cutting initiative announced earlier in the year.

Google Inc., the operator of the most-used Internet search engine, confirmed it is developing a payment service.

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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.