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MoneyGram International reported a net loss Thursday of $3.3 million for the second quarter, compared with net income of $15.2 million a year earlier.
August 7 -
The Swiss mobile phone payments company Echovox Group said last week that its Zong service has processed transactions for 10 million users this year.
August 7 -
U.S. banks that send automated clearing house transactions are called "ODFIs," but in Europe, such companies are known as "debtor agents," and they do not even have to be banks.
August 6 -
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Heartland Payment Systems Inc. has begun commercial testing of its end-to-end encryption system for card transactions.
August 4 -
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The Mountain View, Calif., company has introduced an online tool designed to help small e-commerce sites use Google's Checkout service to handle payments.
August 3 -
PNC Financial Services Group Inc. has outsourced the archiving of its automated clearing house payments, a move that makes it easier to search for specific transactions and, potentially, spot fraud.
July 31 -
The top three financial tech vendors all say that big-bank spending remains largely on hold, unless the investment is absolutely necessary or can generate an immediate return.
July 30 -
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Visa is hoping to get off to a quick start in supply-chain management by launching a business-to-business payments network with U.S. Bancorp.
July 29 -
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Western Union Co.'s push for bank partnerships is advancing on a new front — expedited payments. The Englewood, Colo., company has signed a string of deals this year to offer its remittance services through bank branches, and it said Tuesday that Wells Fargo & Co. of San Francisco has become the first financial company to offer its same-day bill-payment capabilities online. As the first major bank to offer such speedy payment services, Wells Fargo's move may prompt other companies to follow suit.
July 28 -
A group of large prime brokerage banks are trying to reduce their costs and risks in foreign exchange settlement by standardizing the processes of clearing high-velocity trades for hedge funds and other retail traders.
July 24 -
Metavante Technologies reported second-quarter earnings Thursday that topped analysts' estimates, and raised its full-year forecast.
July 23 -
Goldleaf Financial Solutions Inc. announced that Slidell, La., has licensed its Merchant Remit image-lockbox system to process municipal payments.
July 22 -
Metavante Technologies Inc. and the Swiss software company Temenos Group are terminating their core banking technology partnership.
July 22 -
The financial technology company Fiserv Inc. announced an expansion of its lockbox network Monday, opening a fifth remittance processing center, in Dallas.
July 21
