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Technology in Brief: Deals and deployments by financial institutions, and other newsHeadlines:
March 14 -
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.
March 14 -
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.
March 11
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A growing number of commercial cash managers expect to substitute electronic payments for checks soon, and more banks are positioning themselves to help.
March 10 -
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.
March 9 -
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.
March 9 -
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.
March 8 -
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.
March 7 -
The table lists daily composite stock prices at 4 PM (unless otherwise noted) as measured by market capitalization.
March 7
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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.
March 4 -
Metavante Corp., which added 50 billers to its online bill-pay network in 2004 and expects another 100 to join this year, is adding a pretty big one.
March 3 -
Some banks plan to use imaging to clear and settle checks faster, but for a small Kansas bank, imaging will also mean the end of daily nine-hour drives to Kansas City, Mo.
March 2 -
By planning to offer devices that generate new account access codes every 60 seconds, E-Trade Financial Corp. is gambling that the increased security will outweigh the expense and hassle of keychain fobs.
March 2
