Will Wade

Citigroup Inc. is testing a payment card that lets consumers redeem rewards points at the point of sale, according to Dynamics Inc., which makes the cards.

Pivotal Payments, a merchant acquirer in Melville, N.Y., has agreed to purchase up to 33,000 payment terminals from Hypercom Corp.

The Brookfield, Wis., banking technology vendor said Thursday that the $3.6 billion-asset Patelco is planning to implement its Acumen software to help its expansion efforts.

Imposing a fee on debit cards would drive many consumers back to cash payments, according to a report released Thursday by Mercator Advisory Group.

Philippine National Bank Corp. is expanding its treasury management services using software from Misys PLC.

MasterCard Inc. on Monday named Ed McLaughlin its chief emerging payments officer, succeeding Josh Peirez.

A collaborative effort by several major wireless carriers would let consumers make purchases with their phones, but they may have a hard time keeping banks from taking advantage.

Citigroup Inc. said Friday that it is offering commercial credit cards in South Africa, the 50th country its global transaction services unit has reached.

Metro Bank PLC, perhaps the first new retail bank in the United Kingdom in a century, has agreed to offer MasterCard Inc. credit and debit cards to customers when it opens its doors Thursday.

Open Solutions Inc. said Monday that it has acquired Weiland Financial Group Inc., a Bannockburn, Ill., provider of account management software.

A start-up vendor aims to alleviate the chore of compliance with a variety of "nagware" applications that remind bankers when it's time to do something.

A start-up vendor aims to alleviate the chore of compliance with a variety of "nagware" applications that remind bankers when it's time to do something.

One hundred fifty credit unions have agreed to offer members a mobile banking service based on software from Fiserv Inc., including 84 that are already using it.

The Jacksonville, Fla., banking technology vendor said last week that the banking unit of Sterling Financial Corp. is planning to install its integrated banking services software and several related payments applications.

The Herndon, Va., electronic payments association said last week that MetaBank had become a direct member, giving the Storm Lake, Iowa, unit of Meta Financial Group a voice in the evolution of the automated clearing house system.

The ice cream chain Cold Stone Creamery last week introduced an e-gifting service that lets people send a code through Facebook pages that can be redeemed at its 1,400 U.S. locations. The service is based on payments software developed by First Data Corp.

Intuit Inc. has agreed to offer personal loans facilitated through Lending Club Corp. as an option to users of its Mint.com personal finance section who are looking for ways to consolidate their debt.

Sanasa Development Bank in Sri Lanka has begun using core processing software from Fiserv Inc.

The Federal Reserve Board is planning to offer same-day settlement for some automated clearing house payments, starting Aug. 2.

PNC Financial Services Group Inc. has struck an ATM branding deal with Cardtronics Inc. The Houston automated teller machine operator said Thursday that PNC's brand would appear on the money machines it operates at all of Hess Corp.'s 230 service stations in Florida.