Bank technology

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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.

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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.

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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.

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For much of the year William P. Foley 2d has voiced frustration over what he calls the stock market’s failure to value Fidelity National Financial Inc. as the financial-technology dynamo it has become.

Now that many banks are offering online bill-payment services for free, some are looking for ways to sweeten the offer.

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Wells Fargo & Co. announced Monday that it is joining the growing list of banks offering free person-to-person money transfers.

Some people just cannot do without online banking.

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

Microsoft Corp., one of the largest front-end software pro-viders to the financial industry, plans to announce today an initiative that will position it as a consultant to banks.

Wachovia Corp., which quit the retail lockbox business in February, is returning to the high-volume, low-value processing business with a network of "wholetail" lockbox centers.

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