Bank technology

Banks continued to demonstrate renewed confidence in their technology spending decisions in the third quarter, executives of Fidelity National Information Services Inc. said Tuesday.

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Banks can not only strengthen customer loyalty by helping users better manage their money but also leverage a comprehensive view of customers' financial positions to more effectively target relevant products.

State Bank of India Ltd. plans to offer merchant acquiring services through a new joint venture. Visa Inc. and U.S. Bancorp's Elavon Inc. are the bank's U.S. partners in the joint venture called State Bank of India Payment Services.

JPMorgan Chase & Co.'s treasury services business announced several new payment services Monday.

Bank of New York Mellon said Monday that its treasury services business is developing an online platform called TreasuryEdge.

Online merchants may send PayPal Inc. transactions through First Data Corp. under a new payment service the transaction processor and CardinalCommerce Corp. announced Monday.

U.S. Bancorp said it would replace the Kroger Co. cards issued by a Royal Bank of Scotland Group PLC subsidiary next month.

MasterCard, of Purchase, N.Y., announced in August plans to purchase the London payments technology developer, a move that some saw as a response to Visa Inc.'s purchase of CyberSource Corp. in July. MasterCard said Friday that it completed its purchase of DataCash for $526 million.

Developing business applications for mobile banking could help banks solve one of the quandaries of the emerging channel: how to make money in it.

As consumers increasingly embrace online or mobile banking, banks that wish to retain and expand the customer base must offer related products such as alerts online.

Visa Inc. is making inroads into the world of third-party software development, bolstering its ability to compete in e-commerce payments.

Led by its security and secure payments businesses, Gemalto NV reported a 25% increase in third-quarter revenue.

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Online Resources Corp. plans to let its biller clients accept cash payments through an agreement with MoneyGram International Inc.

An Asian bank has started deploying the first of 26,000 Hypercom Corp. Optimum point of sale terminals in Indonesia.

The online loan facilitator Prosper Marketplace Inc. has expanded the types of loans available on its website.

NCR Corp. said its financial and retail businesses are improving after the poor economy led to lower sales last year.

Though banks are expending considerable capital on consumer adoption of mobile banking, those efforts could be for naught if not paired with the right promotion.

Executives at the Columbus, Ga., payment processor were optimistic about developments abroad as the company, which is still recovering from the downturn in the economy, attempts its comeback.