Technology

Consumers ages 30 to 50 increasingly are using reloadable prepaid debit cards, and the trend might be enough evidence for banks to offer such products to recoup anticipated reductions in revenue from new, reduced debit card interchange rates, new research suggests.

Qiwi Ltd., Russia’s largest payment-service operator, is denying last week’s reports in local media that hackers easily could access its payment terminals to steal money from customer accounts.

Vivotech Inc. has launched a new software suite called Vivonfc to manage payment systems that use Near Field Communication chips, the company announced March 21.

PSCU Financial Services announced this afternoon the hiring of Michael Kelly, an executive with Fiserv’s payments network, as its president and CEO.

WASHINGTON – With the toughest campaign of his career on tap, Montana Senator Jon Tester collected tens of thousands of dollars in campaign contributions from credit unions, banks and other interests before the Senate Banking Committee, just days before Tester lent his name as co-sponsor of a bill to delay the controversial rule cutting debit fees.

Visa Inc. plans to unveil an improved fraud detection system Monday for CyberSource Corp. customers that it says will cast a wider net than its earlier technology.

JPMorgan Chase & Co. plans to end debit rewards for at least some existing customers in July, according to a letter the issuer is sending to customers that cites the Durbin amendment as its reason.

A severe security breach at EMC Corp.'s RSA Security may threaten the thousands of banks that use its technology.

The expanding array of services offering merchants advanced encryption of sensitive payment card data is causing competition to heat up among purveyors already jockeying for dominance by touting each product's specific advantages.

While many bankers expect Apple Inc. to help bring mobile payments into the mainstream by developing its own system for the iPhone, the consumer electronics giant could also have the same effect with its advertisements.