Technology

The Verified by Visa and MasterCard SecureCode online card-security protocols are relatively weak compared with other available options. And as fraud continues rising among card-not-present transactions, more-robust authentication methods will be needed to prevent online fraud from skyrocketing, two United Kingdom-based researchers contend in new research released this week.

NYCE Payments Network LLC Friday named Neil Marcous as president. Marcous replaces Steven A. Rathgaber, who is leaving to become CEO of Cardtronics Inc on Feb. 1.

Diversified Collection Services, a Livermore, Calif. collection agency, earned $5.3 million from the state of Louisiana for working on a recent tax amnesty initiative that generated more than $460 million for the state.

Fiserv Inc. said Thursday that Mutual of Omaha Bank has implemented 11 Fiserv systems, including online banking and bill pay.

Fifth Third Processing Solutions LLC said Thursday that five banks have agreed to use its processing services.

Planet Payment Inc. will provide its Pay in Your Currency service to merchants in the United Arab Emirates under an agreement with Network International LLC, an acquirer in the Middle East and North Africa and a card-services provider in the United Arab Emirates, according to Long Beach, N.Y.-based payment processor Planet Payment.

Independent sales organizations should ensure the legal names and Internal Revenue Service taxpayer identification numbers of their merchant customers match the IRS files, Jill M. Miller, attorney at Jaffe Raitt Heuer & Weiss, P.C., advised attendees at the Northeast Acquirers Conference in Dover, Vt., this week.

Nearly a year after USAA Federal Savings Bank launched a service that enables customers to deposit checks into their accounts using images captured with cameras on their Apple Inc. iPhones, the bank last weekend launched the same service for Android-powered smartphones.

Consumers who bank or initiate retail purchases online already can secure those transactions through a variety of means, including passwords used only for the Web, card readers that plug into personal computers or challenge-response procedures that can include images they preselect.

As issuers mail out contactless credit and debit cards by the millions, it is not clear how often they are being used.