Technology

A majority of qualified security professionals that assess compliance with the Payment Card Industry Data Security Standard believe encryption is the most-effective means of protecting card data, according to a study released April 27 by Thales Group and the Ponemon Institute.

Fidelity National Information Services yesterday reported that first quarter net income almost tripled to $93.6 million after last year’s combination with Metavante Technologies.

The best consumer confidence reading since September 2008's financial meltdown and bullish earnings reported this week by a range of leading companies - including UPS and Whirlpool - show rising demand and an economic rebound is gathering steam.

Small-business owners’ confidence rose in April, and a growing number are reporting improving business conditions, according to new data Discover Financial Services released this week.

Square Inc. has finally shared some of the details about its mobile card acceptance system, but payments executives still feel as if they haven't heard the whole story.

A directive Visa issued last week should make it clear to online merchants that they are not allowed to offer consumers third-party offers without asking for their card information a second time, the card brand noted in an April 27 statement.

Fidelity National Information Services Inc. said that even though consumers are willing to use online person-to-person payments, banks have to be proactive in making the service visible.

Toronto-Dominion Bank's mobile banking application has been downloaded more than 100,000 times in the first 10 days since its release.

Visa Inc. officials say they are displeased with a recent decision by Woolworths Ltd., Australia’s largest retailer, to process debit card transactions domestically and bypass the credit card network in a bid to save millions in fees, according to local news reports.

Fiserv Inc. plans to offer a same-day bill-payment service to banks by the second half of the year through a partnership with the Minneapolis-based funds-transfer company MoneyGram International Inc.