Technology

Visa Inc. is making inroads into the world of third-party software development, bolstering its ability to compete in e-commerce payments.

Almost no part of banking has changed as dramatically in the past year as the credit card industry — OK, maybe mortgages — but cards have faced the triple hit of massive re-regulation, consumer defaults and declining spending. So when 60% of a company's revenue comes from card processing, it goes without saying that the past two years have been challenging. But TSYS has persevered, continuing with its plan to diversify into merchant-acquiring and the community bank market, and holding onto enough cash to make acquisitions if the price is right.

Despite reporting a strong third quarter, American Express Co. remains focused on challenging a U.S. Department of Justice lawsuit over alleged merchant steering and how it might affect the brand’s cardholders.

Financial institutions should focus on marketing to individuals between the ages of 18 and 34 to grow their emerging consumer-payments businesses. But the so-called Millennial Generation surprisingly is nonplussed by mobile payments, despite its growing exposure in the market, suggest the results of a recent study.

Five credit unions have agreed to use the remote deposit capture services from Eastern Corporate Federal Credit Union and its wholly owned subsidiary Vertifi Software LLC, Eastern Corporate announced Oct. 21.

A cacophony of marketing voices is urging ISOs and acquirers to consider mobile point-of-sale services as a way to grow revenue and potentially reach new merchants.

LAS VEGAS — In their efforts to sign people up for mobile banking, banks can be their own worst enemy.

Allied Interstate Inc., a large collection agency based in St. Louis Park, Minn., will pay $1.75 million to settle federal allegations that employees repeatedly tried to collect debts from the wrong person, the Federal Trade Commission announced Thursday.

Zimbabwe’s first mobile-payment system launches next month.

If Total System Services Inc. were a baseball team, the transaction processor’s third quarter would constitute a rebuilding season.