Bank technology

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.

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

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.

Diebold Inc. said it would service automated teller machines for Citigroup Inc. in Russia. Citi's Russian unit, ZAO Citibank, agreed to use status monitoring, help desk, currency management, cash handling and other services from Diebold as part of a multiyear agreement.

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 money transfer company MoneyGram International Inc.

SEATTLE — Nacha is pushing forward with a program aimed at making online bill presentment less costly for banks to offer their customers.

Hoping to wring more electronic transactions from the shrinking pool of paper checks, Nacha is rethinking its stance on converting business checks into automated clearing house payments.

Shares of eBay Inc. had their biggest drop in more than a year Thursday after the company posted first-quarter earnings that missed estimates.

Details from Apple's recent patent filings suggest its mobile commerce plans are very different from the NFC payments systems touted by financial companies, and some observers are now wondering whether bankers should be more careful what they wish for.

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Increased point of sale transactions helped boost earnings at Total System Services Inc. and could point to a rebound in consumer confidence.

MasterCard Inc.'s Canadian unit has agreed to adopt the code of conduct for Canada's debit and credit card industry that the country's finance minister approved April 16. However, Visa Inc.'s unit there and Moneris Solutions Corp., the country's largest processor, said they need more time to determine how it might affect their business.

Visa Inc.'s planned purchase of CyberSource Corp. shows that the payments company is serious about mobile commerce — and the potential risks of this emerging channel.

Visa Inc. has agreed to pay $2 billion for CyberSource Corp., a provider of electronic-payment security services to online merchants.

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Another incident of whole-ATM theft, this time via forklift; Certegy agrees to settlement stemming from data breach; five-year sentence for accomplice of Albert Gonzalez; and more.

The payment processor TenderCard Inc. has agreed to let its independent sales organization partners sell a virtual gift card system developed by Giftango Corp.