Technology

The Federal Reserve Board’s still-unwritten debit-interchange rules and new restrictions on network-exclusivity agreements could help First Data Corp.’s business, executives at the transaction processor predicted Nov. 4.

Driven by increases in debit-network fees, First Data Corp. on Nov. 4 reported revenue of $2.6 million for the third quarter ended Sept. 30, up 8% from the same period last year. Adjusted revenue of $1.6 million was up 2%, helped by growth in the Retail and Alliances Services and Financial Services units, the company said.

U.S. Bancorp has signed on as the largest bank to use an alternative payments system that lets consumers pay for online transactions through their institutions' websites.

Apple Inc.'s iPhone payments system is coming closer to reality.

Because of multiple errors found in many European business’ domestic and cross-border payment data, a migration to a Single Euro Payments Area may prove to be costly as faulty data may accrue fees under the SEPA system, a new research report from Experian Payments suggests.

Green Dot Corp.’s revenue rose 36.1% during third quarter, driven by a sharp increase in the consumer activation of its prepaid cards, the company reported Nov. 3.

Cash Access Holdings Inc. on Nov. 3 reported net income of $4.9 million for the third quarter ended Sept. 30, down 39.5% from $8.1 million during the same period last year. Revenues fell 7.4%, to $152.1 million from $164.3 million.

Heartland Payments Systems Inc. posted a $7.5 million third-quarter profit that reversed a $37.1 million loss a year earlier attributable to a $35.6 million charge to cover costs related to a data breach, but at least one analyst was not impressed.

Cardtronics Inc. is crediting its Allpoint surcharge-free ATM network for the company’s recent rise in profitability.

The average charge-off rate on U.S. consumer credit cards in September fell to an 18-month low after a hiccup in August caused a one-month rate increase, Fitch Ratings reported Nov. 2.