Technology

The Department of Justice has closed its investigation into the proposed merger between ACI Worldwide Inc. and S1 Corp., the companies announced Feb. 3.

Buoyed by higher revenue from processing and services, Fiserv Inc. on Feb. 2 reported fourth-quarter net income of $143 million, up 23% from a year earlier.

Buoyed by the improving global economy and strong growth in processed transactions, MasterCard Worldwide on Feb. 2 reported fourth quarter net revenue of $1.73 billion, up 20.1% compared with $1.44 billion the same period a year earlier.

By joining a new anti-phishing coalition this week, Bank of America Corp. is maintaining a leadership position it has held for several years in the battle against cyberthieves who target online and mobile-banking users. But this is one small step and the battle is by no means over.

First Data Corp. expects to benefit this year when the last measure of the new debit-interchange legislation under the Durbin amendment takes hold on April 1, requiring financial institutions with more than $10 billion in assets to have at least two processing networks on their debit cards.

Core banking provider Jack Henry & Associates Inc. logged a strong fiscal second quarter, largely because revenue growth in its electronic payments unit is moving like a juggernaut.

Citing a $115 million decline in debit-network fees, First Data Corp. saw its fourth-quarter consolidated revenue decline by 1.5%, to $2.69 billion from $2.73 billion a year earlier, the Atlanta-based card processor reported Feb. 1.

MasterCard Worldwide didn’t come right out and say it, but the card brand is encouraging U.S. issuers and merchants to embrace chip-and-PIN technology as part of a migration to the EMV smart card security standard in the next three years.

WASHINGTON–The Federal Deposit Insurance Corp. alerted its banks Jan. 31 of heightened risks from working with payment processors.

The video-game industry is amping up its defenses after hackers penetrated numerous payments systems last year.