Technology

Consumer shopping in November reversed a five-month decrease in the average transaction size, transaction processor First Data Corp. notes in its November SpendTrend report.

S1 Corp. has signed 10 clients to use the payment service it offers from PayPal Inc., the software provider announced Dec. 14.

Jacksonville, Fla.-based JM Associates Federal Credit Union is the first financial institution to use Star CertiFlash, a new PIN debit application offered by First Data Corp.’s Star Network that advances point-of-sale security using one-time card number technology.

Consumer borrowing rose in October by the largest amount in more than two years, a jump led by a recently enacted law that makes the government the primary lender to students, the Federal Reserve reported earlier this month.

Banks have gotten over the fear that offering online account transfers will put them at risk for deposit flight.

Banks may soon do the work of their vendors as they are handed the tools to design software for core banking functions — just as new services demand that systems be developed with greater speed.

Among the companies supporting alternative payment services, PayPal Inc., a division of eBay Inc., remains the dominating force and continues to grow, new research from New York-based management-consulting firm Auriemma Consulting Group shows.

Cardlytics Inc. and ClairMail Inc. have announced a partnership to enable financial institutions to deliver coupons and other merchant offers to customers’ mobile phones, Atlanta-based Cardlytics reported on Dec. 7.

Wincor Nixdorf and HID Global, a provider of secure identity systems, have introduced an ATM system with a contactless smart card reader, allowing a single piece of equipment to process ATM and automatic fare collection transactions.

Merchant-services company Newtek Business Services Inc. has become a member of Charge Anywhere LLC’s certified distributor program, South Plainfield, N.J.-based Charge Anywhere announced Dec. 7.