Latest Cheque imaging News: Finextra Research

M&I to spin off Metavante - WSJ

US bank Marshall & Ilsley is close to spinning off its electronic payments division Metavante in a $4 billion transaction that will see private equity firm Warburg Pincus paying cash for a minority stake in the unit, according to a Wall Street Journal report.

03 April 2007

News/Cheque imaging

American Bank & Trust signs for Metavante outsourced core processing system

Metavante Corporation is providing American Bank & Trust with a suite of banking and payments services that include core account processing, item processing and electronic funds transfer and card services.

13 March 2007

News/Cheque imaging

First Data to wind down cheque and money order business

US e-payments firm First Data is to shutter its official cheque and money order operations over the next two to three years, freeing up a potential $250-$300 million cash pile for re-investment.

22 February 2007

News/Cheque imaging

Nigeria's United Bank for Africa signs for NCR ATMs

Nigeria's United Bank for Africa (UBA) has signed a contract with NCR for the supply of the US vendor's Personas cash machines and ATM maintenance services.

31 January 2007

News/Cheque imaging

Fiserv and Federal Reserve banks hit with patent challenge

Canada's Advanced Software Design Corporation has filed suit against financial IT firm Fiserv and three regional Federal Reserve banks, alleging infringement on patents it holds on its anti-cheque fraud technology.

24 January 2007

News/Cheque imaging

CheckFree to acquire Carreker

US e-payments vendor CheckFree has signed a definitive agreement to acquire troubled financial IT and consultancy firm Carreker Corporation for a total of $206 million.

02 January 2007