Technology

Visa Inc. has completed its acquisition of the online payments company Inc., the card brand announced March 1.

Tyfone Inc. is partnering with smartphone-accessory company Dexim Inc. to offer a sleeve that attaches to Apple Inc.’s iPhone to support contactless payments worldwide using Tyfone’s SideTap microSD chip technology, the companies announced Feb. 28.

Alex W. “Pete” Hart, a former chief executive of MasterCard Worldwide and currently chairman of SVB Financial Group, has been elected to the board of directors of mobile-imaging vendor Mitek Systems Inc., Mitek announced March 1.

From the time it launched in 2008, Acculynk Inc. has maintained its PaySecure product is secure despite detractors. The company today received some more validation, as a payments processor that fell victim to a high-profile security breach in late 2008 plans to support Acculynk’s Internet PIN-debit transactions.

Fiserv Inc. has purchased Mobile Commerce Ltd., a provider of mobile banking and payments technology, the Brookfield, Wis.-based banking-technology company announced March 1.

Approximately 57% of vending-machine operators plan to add or expand their use of cashless payments this year, while only 8% likely will not add payment card acceptance to their machines, new survey data suggest.

Demonstrating a way to make money on a service many banks view as a cost, Hearst Corp. on Feb. 28 launched a beta version of its bill presentment and payment site Manilla.com.

Oberthur Technologies of America Corp. is in talks with U.S. issuers planning to migrate their debit and credit card portfolios to EMV chip-and-PIN technology “over the next couple of quarters,” an executive for the card manufacturer tells PaymentsSource.

The number of U.S. credit card accounts rose slightly during last year’s fourth quarter, to 380 million accounts from 378 million the previous quarter, reversing a trend of declining accounts that had gone on since the second quarter of 2008, according to the New York Federal Reserve.

WASHINGTON — Just a month ago, most analysts dismissed the banking industry's chances of persuading Congress to delay, alter or repeal a Dodd-Frank provision limiting interchange fees on debit cards.