Bank technology

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.

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E-Commerce Association of Singapore has agreed to offer its online merchant clients payments services from PayPal Inc.

Prosper Marketplace Inc. said Friday that it raised $14.7 million in venture capital funding from two new investors and several previous financial backers.

BOSTON — As consumers become increasingly willing to interact online, with each other and with businesses, financial companies are realizing they have less freedom over how to design their Internet services.

The Purchase, N.Y., company announced Thursday that it had created a research and development unit, MasterCard Labs, to accelerate the process of turning innovative ideas into real products that can generate real revenue.

Prepaid cards are becoming a popular tool for criminals that need to manage large sums of money, according to law enforcement officials.

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

Lending Club Corp. said Wednesday that it has raised $24.5 million in venture capital funding.

Intuit Inc. has developed a tool that lets consumers track their cash purchases in its Mint.com personal financial management service.