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The Federal Open Market Committee on Wednesday lowered its target for the federal funds rate by 50 basis points to 1%.
Prepaid card provider FiCentive Inc. announced the signing this week of an agreement with American Express Incentive Services to offer AmEx-branded prepaid cards that consumers can use only at select merchants.
Point-of-sale equipment maker VeriFone Holdings Inc. says it is starting a blanket policy that all payment software used on its stand-alone payment terminals comply with the Payment Card Industry Security Standards Council's data standard for payment applications.
