Bank technology

Fidelity National Information Services Inc.'s board has authorized a $2.5 billion stock-repurchase plan, offering to buy back its common shares for between $29 and $31 each, up to a nearly 17% premium over it closing price Tuesday when it announced the plan.

California consumers will soon be able to pay utility bills with Apple Inc.'s iPhone, as part of a test announced last week by Tio Networks Corp.

MasterCard Inc. hopes that the wisdom of crowds will help it eliminate the need to build alternative payment systems.

Looking for stable, short-term investments, banks are starting to purchase corporate accounts receivable from small businesses through an online auction site called the Receivables Exchange.

With the rise of these two practices, the SEC should formalize its approach to the use of technology and markets and mandate the adoption of new technology for fairness.

Sloppy security enables hackers to be hacked; mystery retailer will use MagTek's technology; quantifying intent at the center of identity theft debate; and more.

First Data Corp.'s new chief executive, Joe Forehand, is wasting no time in shaking things up within the debt-laden processor. The company announced Tuesday the departure of three top executives, including its recently hired chief financial officer.

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Banks need to embrace a uniform approach to risk management issues emerging from widespread remote deposit capture adoption before broadening their RDC deployments.

Equity Bank is partnering with telecommunication firm Safaricom Ltd. to launch a mobile funds-transfer service called M-Kesho, the Kenya-based bank announced in a statement. The service will launch by the end of this month.

JPMorgan Chase & Co. has added two so-called Instant Action text-alert features to its mobile-banking service.

MasterCard is planning to open up its software format, enabling third-party programmers to develop payments applications for its network.

Visa Inc. will urge the Japanese government to use credit cards for all its purchases, from stationery to parts for fighter jets, saying it would save the country money.

The best thing about mobile payment apps is not the speed of transactions made with phones, but how the apps let people manage their accounts on their own instead of wasting time at the register, according to early results from retailers.

Best Buy Co. Inc.'s first store in Turkey will use a combined point of sale service, averting the multiple terminals commonly seen on merchants' countertops there, according to Ingenico SA, which is supplying the machines.

HDFC Bank Ltd. has become the first bank in India to agree to issue credit cards that comply with the EMV Integrated Circuit Card Specifications.

Personal financial management software has long had a blind spot for cash spending. Some vendors are trying to change that, but fewer consumers may care than the companies realize.

Personal financial management software has long had a blind spot for cash spending. Some vendors are trying to change that, but fewer consumers may care than the companies realize.

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Mountain America Credit Union in Salt Lake City says software from Memento Inc. has helped it reduce fraud.