Bank technology

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

MasterCard International Inc. said that in taking an equity stake in Xign Corp., which helps businesses purchase goods electronically, it is expressing its confidence in the growth of online business-to-business payments.

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It's a fact of life for bank vendors that drumming up business is a constant imperative, because sometimes - particularly after an intense merger-and-acquisition period, such as the one over the last year - customers will be lost to consolidation.

Corporate customers of Bank of America Corp.'s Global Treasury Services unit can now accept payments online or over the phone with a single system.

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

For years, with increasingly regularity, banks have been relying on the Federal Reserve to whisk away their excess cash, weed out the worn bills, return the money to them when they need it - and, oh yes, pay them interest on it.

TCF National Bank has become the 20th financial institution member of Nacha, the electronic payments association.

PALISADES, N.Y. - As banks attempt to remove the walls between their businesses, International Business Machines Corp. is moving to retrain its employees to offer a greater breadth of expertise.

Fiserv Inc. has signed up three more banks to settle check transactions processed through the fledgling Fiserv Clearing Network, whose reach will expand to 19 states, mostly in the Midwest, the Southwest, and the West Coast.

It's been four years since the Electronic Signatures in Global and National Commerce Act was signed into law, and to date few e-signature applications have moved much beyond the pilot stage.

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ING Group NV of Amsterdam said Thursday that its Internet-based consumer banking operations in eight countries grew dramatically in the second quarter and were profitable in six of those countries.

InteliData Technologies Corp., a vendor of electronic bill payment and presentment technology and services, continued to have difficulty making sales in the second quarter and took a much larger hit to earnings.

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CheckFree Corp. said its second consecutive quarter of profitability according to generally accepted accounting principles validated its vision of electronic bill presentment driving online bill payment adoption.