PHOENIX - (09/12/03) -- Hypercom Corp. said this week thatits ICE 5500Plus and ICE 6000Plus terminals will incorporateantennae and readers so they can accept transactions initiated withMasterCard International's PayPass radio-frequency contactlesstechnology. MasterCard is testing PayPass in Orlando,Fla. MasterCard earlier this year launched the PayPass pilot inwhich Citibank, J.P. Morgan Chase & Co. and MBNA Corp. areissuing credit cards containing PayPass RF transceivers. Chevrongas stations and Loew's theaters are among the merchantsparticipating in the test, which was extended until at least theend of September.
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The Santa Anna National Bank in Central Texas is the second bank to fail this year.
June 27 -
New order lets banks use third-party data for customer ID, reducing paperwork for firms, but the idea has divided some in the industry.
June 27 -
The largest U.S. banks took less of a capital hit under the Federal Reserve's hypothetical stress scenario than they did last year, but averaging the two sets of results could impact next year's regulatory requirements.
June 27 -
Time is running out for the 90-day pause on most of President Trump's tariffs. But at least two bank CEOs are confident there won't be a summer sequel to "Liberation Day."
June 27 -
The company sought to pay far less than a New York court had imposed as a result of the lawsuit the SEC brought against it. In a twist, the new SEC leadership argued on the company's side against the prior administration's position.
June 27 -
Republicans pulled a $52B foreign bank tax after Bessent says he struck a global pact, easing industry fears.
June 27