Technology

Aided by relatively strong performance from its EFT Processing segment, transaction processor Euronet Worldwide Inc. reported favorable second-quarter revenue and profitability.

Flush with cash and the prospect of stronger revenue growth for the rest of the year, Total System Services Inc., or TSYS, is eyeing potential acquisitions that would diversify its operations beyond its core credit card processing business.

A start-up company’s contactless-payment wristbands have gained the backing of the Visa brand under a product launch announced July 27.

Shares in S1 Corp. traded higher when the markets opened this morning as Israel-based Fundtech Ltd. reminded investors that its agreement to merge with S1 Corp. has not been finalized yet and could fall prey to yesterday’s higher offer by ACI Worldwide to acquire S1.

ZestCash Inc. says it's the Google of alternative lending, based on the way it calculates underwriting for loans to risky borrowers; its rival BillFloat says it's the Facebook of alternative lending, because it knows its customers.

In its latest national report on consumer credit trends, Equifax finds the credit cycle has turned as new credit growth continues. Several portfolio metrics indicate the credit cycle is moving to stabilization and growth.

Citing improving economic conditions, Total System Services Inc., or TSYS, on July 26 reported a 3.9% increase in second-quarter revenue, to $447.6 million from $430.8 million during the same period a year ago. Net income was $54.6 million, up 4% from $52.5 million.

Fiserv Inc.’s second-quarter revenue rose 4.9%, to $1.07 billion from $1.02 billion a year earlier as the vendor sold more of its bill-payment and account-processing software to banks.

Wedding bells are ringing again for technology vendors, but many bank executives do not know on which side of the aisle to sit for their immediate buying decisions.

Revenue from electronic channels supported by The Western Union Co., including westernunion.com, account-based funds transfers and mobile funds transfers, grew by more than 35% during the second quarter, the company said in announcing its earnings for the period.