Technology

Discover Financial Services and Toronto-based debit and credit card processor Moneris Solutions Corp. on Oct. 26 announced an agreement that Discover hopes will lead for the first time to broader acceptance of Discover’s cards in Canada.

PayWare Mobile users that have Apple Inc.’s iPhones would be able to accept PayPal funds by bumping their phones with PayPal's users' iPhones under an agreement PayPal Inc. and VeriFone Systems Inc. announced Oct. 26.

Banks continued to demonstrate renewed confidence in their technology-spending decisions during the third quarter, executives of Fidelity National Information Services Inc. acknowledged during a conference call with analysts Oct. 26.

Banking and payments-technology company Fidelity National Information, or FIS, on Oct. 26 reported net income of $134.3 million for the third quarter ended Sept. 30, up 101.7% from $66.6 million during the same period last year. Revenues totaled $1.37 billion, up 65.3% from $828.7 million.

JPMorgan Chase & Co.'s treasury services business announced several new payment services Monday.

MasterCard Inc. has completed its acquisition of DataCash Group PLC.

Developing business applications for mobile banking could help banks solve one of the quandaries of the emerging channel: how to make money in it.

Fidelity National Information Service Inc., known as FIS, has completed the conversion of Brazil-based Banco Bradesco’s 14 million bankcards, bringing the total number of cards FIS processes in Brazil to more than 40 million, the Jacksonville, Fla.-based company announced on Oct. 25.

The cyclical recovery in credit card loan performance appears to have punched through seasonal patterns in recent months.

The cyclical recovery in credit card loan performance appears to have punched through seasonal patterns in recent months.