Bank technology

Wells Fargo & Co. has expanded the number of Mexican bank branches and automated teller machines that can receive cross-border wire transfers through a deal with Grupo Financiero Banorte of Monterrey.

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U.S. Internet banks are being hurt by their reluctance to try services and strategies that are doing well overseas, a Celent Communications analyst says.

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Bankers and their technology vendors are attempting to automate health-care payment systems as insurers and providers wrestle with complex federal regulations and mounting paperwork.

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

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U.S. Bancorp is offering software that will allow its corporate clients to convert paper checks into digital check images at the customers' offices, and the images can be used to make electronic deposits or converted into automated clearing house transactions.

BOSTON - Opening the 2004 Financial Insights banking technology conference here, Michon Schenck, the chief operating officer of the Framingham, Mass., research firm, said that bankers "are and have historically been one of the highest spenders in technology."

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KeyCorp is offering an integrated lockbox system designed to automate the processing of payments for physicians’ offices.

To drive up demand for its automated clearing house payments to Mexico, the Federal Reserve banks have lowered the cost.

Bank of America Corp. has started testing later deposit deadlines for consumers.

Bankers are voicing concerns that the security features built into paper checks may not survive the transition to digital images, but a Financial Service Technology Consortium study indicates several features remain viable after imaging.

Bank of America Corp. and Citigroup Inc. may emerge as bidders for a big Indian outsourcing operation that General Electric Co. is said to be trying to sell.

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