Technology

Community banks are planning to improve their mobile banking offerings, according to research by Banc Investment Group LLC.

Aptys Solutions LLC said it is counting on changes to the automated clearing house system to help its mobile business-to-business payment system take off.

Apriva is offering training and educational tools to its independent sales organization resellers to help increase their knowledge of and ability to sell wireless smartphone-enabled point-of-sale products, according to the Scottsdale, Ariz.-based wireless-payments provider.

Fifth Third Processing Solutions LLC is weighing its next steps as the merchant processor nears its one-year anniversary as a joint venture between Fifth Third Bancorp and Advent International Corp., a Boston-based investment firm (see story).

The U.S. House of Representatives this morning passed H.R. 3506 by voice vote, a move ACA International has supported to eliminate unnecessary paperwork requirements under the Gramm-Leach-Bliley Act (GLBA).

Hypercom Corp. announced April 13 plans to sell two versions of a card reader that plugs into an iPhone and uses its wireless connection to handle card payments. The products, called SmartPayments Mobile, are designed for merchants that want to accept card payments but cannot be tied to an office location because of the nature of their business.

First Data Corp. has authorized Hypercom Corp. to manage the processor’s remote key-injection processes as an encrypting service organization, according to the companies. Tasq Technology Inc., a Rocklin, Calif.-based point-of-sale-equipment distributor and a subsidiary of Atlanta-based First Data, also will make available Hypercom’s remote key-injection system, known a HyperSafe.

New MasterCard Worldwide tiered-interchange rates that affect domestic ATM cash withdrawals will seriously cripple and possibly destroy the nation’s ATM independent sales organizations, charge executives and board members who represent many of the companies.

MasterCard Inc. has what it needs to thrive, but its next chief executive says he still has to put the pieces together.

Newtek Business Services Inc., a small-business services company, once again is a preferred vendor to the more than 200 car dealers belonging to the General Motors Minority Dealers Association, New York-based Newtek announced this week.