Jeffrey Green

VeriFone and Hypercom have set aside their differences, announcing this morning an agreement in which VeriFone will acquire the competing point-of-sale terminal maker.

USA Technologies Inc. predicts it will have 100,000 devices linked to its network by yearend.

MasterCard Inc. this morning reported net income of $518 million for the third quarter ended Sept. 30, up 14.6% from $452 million during the same period last year. Net revenues rose 5.1%, to $1.43 billion from $1.36 billion.

Clients of the Chickasaw Nation Women, Infants and Children Supplemental Nutrition Program, known as WIC, now may use an electronic benefits transfer debit card for qualified food purchases, it said last week.

MoneyGram International Inc. said efficiency gains and cost cuts helped it swing to a $10 million profit for the third quarter despite lower revenue.

Cardtronics Inc. will provide ATM management services at 24 of Bosselman Inc.'s 42 Pump & Pantry convenience stores in Nebraska under an agreement the companies announced Oct. 27.

PayWare Mobile users that have Apple Inc.’s iPhones would be able to accept PayPal funds by bumping their phones with PayPal's users' iPhones under an agreement PayPal Inc. and VeriFone Systems Inc. announced Oct. 26.

VeriFone Systems Inc. and Gemalto on Oct. 20 announced a comprehensive strategic partnership.

Total System Services Inc., or TSYS, this afternoon reported revenues of $433.2 million for the third quarter ended Sept. 30, up 1% from $428.9 million during the same period last year. Net income fell 10.1%, to $49.7 million from $55.3 million.

NetSpend Holdings Inc. on Oct. 19 begins trading on The Nasdaq Stock Market LLC under the ticker symbol “NTSP.” In an announcement Oct. 18, the company priced its initial public offering of 18.5 million shares of common stock at $11 per share.

Hypercom Corp. this morning announced that its board of directors has unanimously rejected an unsolicited, nonbinding proposal from VeriFone Systems Inc. in which VeriFone in a Sept. 27 letter proposed to acquire all of Hypercom’s outstanding common shares for $5.25 per share in cash.

Increased use of its cashless vending machine technology drove up revenue and helped USA Technologies Inc. narrow its loss in its fiscal fourth quarter.

VeriFone Systems Inc. said Tuesday it has agreed to configure its terminals to accept purchases made with Bling Nation Ltd.'s mobile payments system.

The card-manufacturing startup Dynamics Inc. has developed payment cards that can change the information stored on magnetic stripes and erase the stripe data when a feature on the card is turned off.

Big banks are showing more interest in outsourcing, according to Fidelity National Information Services Inc.

UMassFive College Federal Credit Union has selected ACH Federal to provide back-end automated clearing house software to enable members to pay their loans by phone.

Inner Fence, which makes the Credit Card Terminal app for Apple Inc.'s iPhone, said it is now shipping the Credit Card Reader, which attaches to an iPhone's dock connector.

Fifth Third Processing Solutions LLC announced a service that can help the processor's smaller merchant clients validate their compliance with the Payment Card Industry data security standard.

Gemalto NV's secure-transactions unit, which includes bank cards, generated $253 million in revenue during the first half of this year, up 1.4% from the year earlier, the French smart card vendor said Aug. 26.

Payment-terminal maker VeriFone Systems Inc. on Aug. 24 reported net income of $18.5 million for the fiscal third quarter ended July 31, up 11.5% from $16.6 million during the same period last year. Net revenues totaled $265.5 million, up 25.7% from $211.3 million and a company record, Douglas G. Bergeron, VeriFone CEO, noted in a news release.