Technology

MoneyGram International said April 26 that it will soon introduce a cash-to-account transfer service in the Philippines.

Western Union Co. reported that its net income rose 1% to $210 million in the first quarter from the same period a year earlier.

There are more indications that card data was obtained by fraudsters after the data breach at Sony Corp.’s PlayStation Network.

Thirteen percent of loans modified through the Home Affordable Modification Program in the first half of 2010 were 60 days delinquent after six months, compared with 24% of loans in alternative programs, the Office of the Comptroller of the Currency (OCC) and the Office of Thrift Supervision (OTS) said in a recent report.

USA Technologies Inc., a payments-service provider to vending machine operators, is aiming to get more merchants connected to its services through a partnership with Verizon Wireless.

Sony Computer Entertainment America LLC has warned its video-game console users that their credit card information might have been compromised in a recent security breach that has affected the PlayStation 3’s online network as well as the company’s streaming music and video service.

Improving economic conditions and organic growth helped processor Total System Services Inc., or TSYS, on April 26 to report a 3.8% rise in first quarter revenue, to $429.4 million from $413.5 million during the same period last year. Net income was $49.4 million, down 4.6% from $51.8 million.

The average charge-off rate on U.S. consumer credit cards fell in March, resuming its general trend of improvement after a slight uptick in February, and account-delinquencies also declined, according to new data Moody’s Investors Service released April 25.

A sign that international travel regained some of the momentum lost during the recession, new data from Visa Inc. show that travelers going to and from the U.S. boosted their spending significantly last year.

Two Russian immigrants on April 20 were charged in Fayetteville, N.C., with skimming credit and debit card data from members at four credit unions at three local ATMs.