Bank technology

Bisys Group Inc.'s net income in its fiscal second quarter, which ended Dec. 31, rose 8% from a year earlier, to $21.9 million, or 18 cents a share.

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With its online bill payment and presentment contract expiring, Zions Bancorp. of Salt Lake City is switching from CheckFree Corp., the market leader, to the runner-up, Metavante Corp.

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Nacha, the electronic payments association, has a new chairman: Steve Ellis, a veteran payments executive with Wells Fargo & Co.

CheckFree Corp. has raised its earnings guidance for the current fiscal year, crediting strong demand for its online bill-payment services

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

Bank technology vendors have gotten pricey, Jack Henry & Associates Inc.’s chief executive says, but he intends to keep buying this year anyway.

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A year after going to an Internet system to give its wholesale bankers a unified view of customer accounts, Wells Fargo & Co. has started a rollout of a similar system for employees who serve its online retail and brokerage customers.

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Three market research firms agree that banks are increasing their technology spending this year, with the goal of improving their back-office systems and making their compliance efforts more cost-effective.

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HSBC Holdings PLC is working with the cash management technology vendor Fundtech Corp. to consolidate its global payment systems.

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

Though its contract renewals are at record levels and revenue gains are strong, Metavante Corp.'s chief executive said he expects organic growth to slow in 2005.