Bank technology

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Oracle Corp.'s president says the business software vendor stands to boost its sales in the banking market by acquiring PeopleSoft Inc.

A third check image clearing system is up and running.

In a series of lawsuits against several banks and vendors, a small New York payment processor is asserting broad patent rights over the process of creating and storing digital check images.

In a move that could foreshadow a showdown between check imaging and the automated clearing house system, BB&T Corp. of Winston-Salem, N.C., has added an imaging system to its lockbox service.

Yodlee Inc., the online aggregation vendor, is developing a system for consumers to move money among their accounts at different banks and brokerages.

Wachovia Corp. is the latest bank to introduce a remote-capture application.

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

A year ago Carreker Corp. seemed to be in a very strong position as one of the imaging technology vendors of choice for several major banks among the early leaders in implementing image exchange.

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Fidelity National Financial Inc., which had been preparing for a public offering of its technology unit, now says it plans to keep control of the business.

For the second time in three months, data thieves have exploited a flaw in SunTrust Banks Inc.’s Internet system.

The accelerating transition to electronic payments appears to have hurt banks’ cash management revenue, and low interest rates have exacerbated that trend.

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The rules governing accounts receivable conversion are clear - only consumer checks can be converted into automated clearing house payments, not business ones.

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