Technology

FSV Payment Systems Inc., a transaction processor and program manager for payroll, government-benefit and general-purpose reloadable prepaid cards, on Monday renewed its agreement with Cardtronics Inc.’s Allpoint surcharge-free ATM network.

Visa Inc. and Travelex Central Services Ltd. last week announced the launch of the Visa Money Transfer service in Australia.

Mocapay Inc. said last week that Micros Retail Systems Inc. would use the Boulder, Colo., vendor's technology to add mobile access to Micros loyalty programs.

A Buffalo, N.Y. man who told investors he was a debt collector pleaded guilty Wednesday to bilking Citizens Bank of Buffalo, N.Y. and 17 investors in a fraud that cost the victims an estimated $440,000.

The Ulzheimer Group LLC and WebRecon LLC announced today a strategic partnership to provide credit expert witnesses with information on newly filed credit-related lawsuits using WebRecon's consumer litigant database.

In the race to recovery, several regional banking companies are distancing themselves from the pack.

Ritz Interactive Inc. says it is using payment-processing technology from Merchant e-Solutions Inc. to support its more than 18 Web sites, which include RitzCamera.com and Wolf Camera.com. Ritz began using the service a few months ago but only recently made the deal public.

A sales agent presents a proposition to move a portfolio of merchants from one ISO to another. While it sounds like a good deal for the ISO that receives the portfolio, it might not be. The ISO that accepts the merchant portfolio could be sued, even if it has not signed a written contract agreeing not to move the merchants in question.

Merchants always are interested in the cost of payment card processing, but sales agents should evaluate the importance of price when listening to merchants about their needs, observers say.

Processors, not ISOs, likely will handle many provisions of a law that takes effect next January requiring acquirers to report merchant credit and debit card transactions to the Internal Revenue Service, says Henry Helgeson, co-CEO of Merchant Warehouse Inc., a Boston-based ISO.