Technology

A boost in payments processing and demand for technology outsourcing from banks helped Jack Henry & Associates Inc. raise its fiscal second-quarter revenue by 15% from a year earlier to $242.6 million.

Consumers between the ages of 18 and 34 are driving up debit card use to control spending, though older Baby Boomers continue to rely on credit cards for most purchases, new research suggests.

SafetyPay Inc. will provide JetPay LLC with a worldwide payment platform that provides additional value and access to a suite of alternative payment options, Coy Lynch, JetPay vice president, noted in Feb. 1 press release announcing the companies’ partnership.

The mobile banking technology provider mFoundry Inc. has added a standalone mobile remote deposit system, the vendor announced Feb. 1

Some large banks are starting to ease underwriting standards on U.S. consumer credit card applications, according to survey data the Federal Reserve Board released Jan. 31.

Several groups are continuing to push for a pan-European EMV smart card to compete with cards sponsored by Visa Europe and MasterCard Worldwide. But whether a new card scheme actually will emerge remains as murky as when the efforts first were launched several years ago.

The ability to initiate payments with mobile phones has captured the imagination of many groups, including consumers, merchants, payment card brands and wireless carriers.

An underdeveloped, diverse and fragmented Indian payments market represents an opportunity for companies to help bring stability to that market, a new report from Mercator Advisory Group suggests.

Companies providing payment gateways, loyalty programs, and authorization and related services for Visa-branded transactions have improved their compliance with the Payment Card Industry Data Security Standard, Visa Inc. announced Jan. 27.

Despite the hype surrounding mobile applications for redeeming loyalty program points, consumers still would prefer one consolidated loyalty card they can attach to their keychain, according to a recent survey by ACI Worldwide Inc.