Bank technology

Fiserv Inc. has landed two new banks as core-processing clients, winning praise from stock watchers.

When Leonard J. Heckwolf became Nacha's chairman in January 2003, accounts receivable conversion was one of the least-used types of automated clearing house payments, online bill payment was a novelty for consumers, and bankers weren't sure whether Check 21 would become law.

The Federal Reserve banks plan to replace one of their oldest online-access systems with an Internet version over the next 18 months, an official said Monday.

Fiserv Inc. chief executive Leslie M. Muma said that by yearend the outsourcer could reach an agreement to manage a check processing consortium made up of three of Australia's top four banks.

Headlines:

For much of the past two years Enterprise Bank of Lowell, Mass., has been experimenting with what may be a unique product: software for extending credit lines online to the customers of its small-business clients.

Headlines:

As U.S. financial services companies look for ways to capture more of the remittance market, companies in countries to which many of those remittances are sent continue to find new ways to make it easier for consumers to accept payments.

Headlines:

Though attempts to steal money from banks by using bogus checks increased sharply in 2003, actual losses caused by fraud dipped a little, according to a survey report issued Monday by the American Bankers Association.

Headlines:

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

Five technology vendors have formed a marketing alliance to promote their fraud protection offerings, and two of them plan to integrate their products.

Headlines:

KeyCorp announced Thursday that it had become the first banking company to use a new Federal Reserve service for transmitting checks as digital images, and the Fed said more will soon follow.

Mellon Financial Corp. has placed a bet on what some say will be the next big thing in business process outsourcing: the management of corporate customers' outlays.

Headlines: