Technology

Citing the proliferation of smartphone Near Fear Communication applications, NFC provider Vivotech Inc. next year plans to conduct an initial public offering of company stock to help boost its ability to build more NFC products and systems, Muhammed Khan, founder and president of Vivotech, tells PaymentsSource.

Bank of America Corp. is looking to hire new executives to lead its retail online and mobile-banking efforts, including those for mobile payments, the company confirmed to PaymentsSource.

The chief sponsor of a Senate bill to delay the interchange rule for as long as two years maneuvered last night to ease passage of the controversial measure by attaching it to popular legislation on small business investment.

Banks and ATM providers have made it a top priority to integrate their ATMs with other services such as mobile payments and online banking, new survey data suggest.

Financial-technology provider COCC, formerly Connecticut On-Line Computer Center Inc., is working with mFoundry Inc. to provide mobile-banking services to its bank clients, the companies announced March 28.

Meta Financial Group Inc. could turn its recent regulatory troubles into a positive as it seeks new business opportunities in prepaid debit card issuing, an analyst notes.

Citigroup Inc.’s deal to join Syncada could boost momentum for the receivables processing network, which has announced only one other third-party bank participant.

Certain effects of the economic downturn have begun to ease, but one recession-hatched trend persists: Cash-strapped consumers continue to show a preference for paying their credit card bills over their mortgages, according to new data TransUnion LLC released March 29.

Central Bank of Nigeria is considering introducing biometric cards in the country to combat ATM fraud, bank Gov. Mallam Sanusi Lamido noted March 24 during the institution’s monetary policy committee meeting.

Cardtronics has broken into the Puerto Rico market with agreements with credit unions to manage their ATM operations.