Technology

Global Payments Inc. is expanding into the Philippines with its HomeCurrencyPay product. The addition is the latest in Global Payments’ expanding Asian services.

Bling Nation Ltd. wants to see how well its hands-on approach to deploying mobile payment systems can scale, with a new partnership that gives it access to over 330 potential bank clients.

In two weeks of Senate debate over regulatory reform, a provision that has nothing to do with the financial crisis may have stirred the most emotion.

Fidelity National Information Services, which acquired Metavante Technologies last year, said it is closing a Metavante office in Madison, Wis., and terminating 157 employees who work there.

An amendment that would give the Federal Reserve Board authority to control debit card interchange rates could have a “neutral to slightly positive” impact on First Data Corp., an executive at the Atlanta-based payment processor told analysts during a May 14 conference call to discuss first quarter earnings.

Moneris Solutions Corp., Canada’s largest debit and credit card processor based on annual transactions, will adopt Canada’s voluntary code of conduct for the country’s debit and credit card industry. Moneris’ top executive announced the company’s decision May 13.

After years of trying, Sen. Richard Durbin, D-Ill., finally succeeded Thursday in passing a measure that would restrict interchange fees.

The number of foreclosure filings - notices of default, auction notices and bank repossessions - fell by 9% from March to April, and 2% compared with April 2009, reports RealtyTrac, the online marketer of foreclosed properties.

Marathon Oil Corp. is linking its 4,000 petroleum stations to Visa Inc.’s ReadyLink prepaid card reload network, Houston-based Marathon announced today.

With fierce competition for merchants and slim margins in the U.S. acquiring market, more ISOs are expressing interest in penetrating the largely unsaturated Canadian market, according to Federated Payments, an ISO with operations in the U.S. and Canada.