Technology

Jack Henry & Associates Inc. and its competitors say there is high interest in offering new consumer technologies such as mobile remote deposit capture and mobile banking in general.

BMI Bank on Nov. 1 launched a suite of antifraud and other credit card security features, the Bahrain-based bank noted in a statement.

Jack Henry & Associates reported a 29% surge in revenues for its fiscal first quarter, boosting net income by 21%.

Merchant processor Heartland Payment Systems on Nov. 3 reported total revenue of $499.1 million for the third quarter ended Sept. 30, up 12.8% from $442.6 million during the same period last year. Net income was $7.6 million; the company reported a $37.1 million loss a year earlier attributable to a $35.6 million charge to cover costs related to a data breach (see story).

Fitch Ratings said U.S. credit card defaults slid in September to a two-and-a-half-year low, continuing a downward trend as the economy heals, according to Dow Jones.

Often pooled into a one-size-fits-all label, smaller merchants have diverse views and awareness of Payment Card Industry data-security standards, the results of a recent survey suggest.

The Federal Reserve expects to turn a profit on its check processing operations for a second consecutive year in 2011 as the proportion of payments cleared electronically continues to increase.

Clients of the Chickasaw Nation Women, Infants and Children Supplemental Nutrition Program, known as WIC, now may use an electronic benefits transfer debit card for qualified food purchases under an initiative Chickasaw Nation Ardmore (Okla.) Nutrition Services launched Oct. 25.

The outcome of Tuesday’s Election Day results could have meaningful implications for the card industry, including affecting the odds of credit card interchange legislation emerging next year, analysts at New York-based equity firm Keefe, Bruyette & Woods said in a report released Monday.

VeriFone Systems Inc. says its PayWare Merchant managed service for large retailers, petroleum marketers and hospitality companies is now available in Europe.