Bank technology

Nova Information Services, U.S. Bancorp’s payment processing subsidiary, has added electronic check conversion capabilities to its retail lockbox service.

Carreker Corp., which has staked its fortunes on digital imaging, reported a fiscal fourth-quarter loss Tuesday and said bank purchases of its technology have lagged.

The battle for online bill-pay customers is commonly framed as banks versus billers, and though billers took an early lead, most observers say the aggregation model of banks gives them the long-term edge.

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Technology in Brief: Deals and deployments by financial institutions, and other newsHeadlines:

Since departing U.S. Bancorp as its president and chief operating officer in 2001, Philip G. Heasley has wanted to land the top job at a financial company.

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In a sign of how fast paper checks have lost ground, Clearing House Payments Co. plans to shut down in May - seven months ahead of schedule - its jet courier service that hauls them east from California for clearing.

A growing number of commercial cash managers expect to substitute electronic payments for checks soon, and more banks are positioning themselves to help.

As online fraud becomes more sophisticated and more common, banks have no choice but to shoulder the financial burden of reimbursing consumers for their losses.

Longtime banking veteran Philip G. Heasley has been named the president and chief executive of Transaction Systems Architects Inc., an Omaha provider of credit and debit card-processing software.

Clearing House Payments Co. LLC said Monday that its Small Value Payments Co. division has begun transmitting check images to the Federal Reserve System for processing.

Bankers have long said they would prefer a comprehensive, integrated technology platform over a fragmented one, and two vendors' earnings reports last week suggest that that desire is indeed directing their tech spending.

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

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Fidelity National Financial Inc. of Jacksonville, Fla., which has become a major provider of core processing in the past two years, is now dipping a toe into the electronic bill-payment processing business.