Sean Sposito

As the payment industry awaits the Federal Reserve Board's final decision on debit interchange pricing, Visa Inc. and MasterCard Inc. derided its proposed rules and discussed plans to counter them or adapt.

Visa Inc. said revenue and income rose in its fiscal first quarter as transaction and payment volume rose.

The hardware and software company Vasco Data Security International Inc. announced Monday that it is increasing its efforts to find North American partners.

Kemba Credit Union of West Chester, Ohio, said Monday that it has renewed its membership in First Data Corp.'s Star network.

NCR Corp. announced Monday that it has sold 125,000 SelfServ intelligent-deposit automated teller machines.

VeriFone Systems Inc. said Monday that Consorcio de Tarjetas Dominicanas SA, or CardNET, would use its VeriFone Total Protect encryption service.

Visa Inc. said Thursday that it had shed seven members from its board of directors. The board's overall size was reduced from 17 to 10.

Verizon Wireless is working with two mobile payment companies to allow its customers to charge digital content purchases to phone bills.

Deluxe Corp. said Thursday that its fourth-quarter net income rose 14% from a year earlier, to $34.8 million. Its revenue rose 3% to $351.5 million.

Bank of America is upgrading the majority of its automated teller machines to help them fight viruses and more effectively do their own maintenance.

More than a year after it snapped back from the financial crisis, American Express Co. is ramping up investments for growth.

American Express Co. reported Monday that its expenses rose 17% to $5.6 billion in expenses in its fourth quarter, including charges from layoffs.

After more than a year of development and pilot testing, NCR said, the module's early success with large banks has positioned it to be a significant driver of the vendor's sales.

JPMorgan Chase & Co. said it is issuing a prepaid card for the New York State Office of Children and Family Services to handle payments to parents receiving adoption subsidies.

The Philadelphia card marketer InsurCard announced Thursday that Visa Inc. would be the preferred payment network for the debit cards it offers to pay insurance claims.

Hypercom Corp. on Wednesday announced a deal with a German retail chain that will deploy 30,000 of its Artema Hybrid point of sale terminals over the next two and a half years throughout the country.

American Express Co. said it is closing two customer service centers, in Madrid and Greensboro, N.C., because they have become too understaffed to maintain.

Chase Paymentech Solutions LLC has rolled out a suite of services called Safetech Fraud and Security Solutions.

Gemalto NV is participating in a pilot test in Japan for contactless mobile phone payments.

Visa Inc.'s decision to devise dual interchange schedules in the wake of the Durbin amendment is drawing a strongly negative reaction.