Bank technology

First Data Corp. has become a do-it-yourself company in the past year, shedding an acquisitive culture while expanding into new markets.

Spun off from Synovus Financial on the last day of 2007, TSYS entered 2008 with much more control over its costs and a newfound ability to make its own decisions about acquisitions.

It is safe to say that Metavante Technologies Inc., a stalwart of the FinTech 100 since the list's inception in 2004, will not be making a return appearance in 2010.

Lender Processing Services has positioned itself as a mortgage technology and service provider for all weather, yet in its first year as an independent company it's proven to be ...

Jeffery W. Yabuki says he's glad to be where he is. 'We are happy we began three years ago in reshaping the company,' said Yabuki, who joined Fiserv in November 2005 as its president and CEO.

Banking executives have their hands firmly wrapped around their wallets when it comes to IT purchases. To hear Cristobal Conde tell it, the office door's pretty tough to pry open as well.

Fidelity National Information Services Inc.'s nearly $3 billion deal to buy Metavante, and vault itself over market-share rival Fiserv, is arguably the most important financial technology deal of the decade.

Diebold Inc. had two major goals for 2008: forge ahead with deploying new technology and make amends with the Securities and Exchange Commission over its accounting practices.

NCR Corp. kicked off 2008 with the strongest sales in its lengthy history, in part the result of an ongoing transformation plan.

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Banks and credit unions collected $23.7 billion in overdraft fees in 2008, up 35.4% from 2006, according to a study published this month by the Center for Responsible Lending.

Rapadev LLC has expanded its mobile payment acceptance software to work with Research in Motion Ltd.'s BlackBerry devices.

Charging fees for security-related services or noncompliance with the Payment Card Industry Security Standards Council's data security standards can motivate reluctant merchants to become compliant, according to some payments executives.

The Redwood City, Calif., company said Wednesday that people who want to make purchases within online game systems can enroll their Obopay accounts to facilitate the transactions without leaving the gaming sites.

Fiserv's debit transactions have climbed sharply this year as consumers shift away from credit cards, and the payments company says its bank customers are issuing more debit cards.

TSYS recorded a drop in profit for the third quarter but came in above Wall Street's consensus figures for sales and improved from the second quarter.

Fiserv Inc. reported Tuesday that its net income grew 47% in the third quarter, to $115 million, though revenue fell 5%, to $992 million, compared to a year earlier.

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