Technology

There are no sure bets. Global regulators' wager that higher risk-based capital requirements will make the banking system safer is no exception.

Total System Services Inc. has reached a deal to support Tesco Personal Finance PLC's portfolio of 2.4 million credit cards in the U.K.

American Express Co. is preparing for the future of payments.

Fidelity National Information Services on July 21 reported revenue of $630.6 million for its Payment Solutions unit for the second quarter ended June 30, down 0.08% from $631.1 million during the same period last year.

Total System Services Inc. this afternoon reported net income of $52.5 million for the second quarter ended June 30, down 2.8% from $54 million during the same period last year. The Columbus, Ga.-based transaction processor’s revenues were up 5.3%, to $433.8 million from $412 million.

Kasikornbank Ltd. plans to embark on a Near-Field Communication payments trial in Thailand this month, an official from the Bangkok-based bank confirms to PaymentsSource.

Mopay Inc., a Germany-based mobile-payments company, has rolled out a service that enables online merchants to bill purchases on a consumer’s landline phone bill account.

Total System Services Inc. on July 20 announced the signing of a contract to support Tesco Bank’s portfolio of 2.4 million credit cards. Tesco, a supermarket bank with more than 6 million customer accounts, is the United Kingdom’s sixth-largest credit card provider.

A payments security startup is trying to minimize compliance headaches for small online retailers through cloning — of webpages, that is.

One hundred fifty credit unions have agreed to offer members a mobile banking service based on software from Fiserv Inc., including 84 that are already using it.