Bank technology

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The French payment terminal company Ingenico SA has introduced a device that includes both business software and payment acceptance.

The proliferation of EMV-compliant automated teller machines in Europe has significantly reduced fraud losses, according to a report released Wednesday by the European ATM Security Team.

EBay Inc. said its payments unit, PayPal Inc., continues to attract consumer and merchant users, thanks in part to the integration of a rival payment system it bought last year.

By acquiring Metavante Technologies Inc. and its extensive roster of small and midsize bank clients, Fidelity National Information Services Inc. has attained what is arguably the best view of the entire banking industry's purchasing power. The view is not very pretty.

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First Data Corp. announced an agreement Tuesday with Yahoo Inc. to provide small- and midsize merchants with e-commerce capabilities.

InComm accused Blackhawk, a Pleasanton, Calif., prepaid card and payments company, of infringing on an InComm patent on a computer-implemented method for processing stored-value card transaction requests, according to the lawsuit, which InComm filed last week in Madison, Wis.

Security Service Federal Credit Union simultaneously upgraded 10 applications suites connected to its core account-processing system that interface with more than 65 other major applications, the vendor Fidelity National Information Services Inc. announced Wednesday.

Equifax Inc. announced Wednesday it has reached a definitive agreement to acquire the data analytics company IXI Corp. of McLean, Va., for $124 million in cash.

A group of payments industry executives and analysts have teamed up to create a trade group focused on promoting security efforts for online debit transactions and mobile payments.

JPMorgan Chase plans to offer a chip-and-PIN card that can be used to make purchases in U.S. dollars in other countries, but the company is not ready to endorse the security format in the U.S.

Settlement in 2008 data broker breach; payroll processor a frequent breachee; Fla. man fired after exposing personal info on town's employees; a shoddy shredding job; and more.

Decoupled debit cards, which were once viewed as a significant threat to banks' transaction revenue, appear to be fading away.

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To fight fraud, Diebold Inc. has introduced a two-factor security device for authorized servicers.

Has the recession created a permanent culture of thrift in the United States? The answer, according to MasterCard's group executive of core products, is a conditional yes.

Heartland Payment Systems Inc. continues to promote the idea of end-to-end encryption within the payments industry's transaction processing systems.

An impending deadline, several security initiatives and the ongoing adoption of contactless cards have payment terminal companies trying to position themselves for an anticipated surge in demand for point of sale systems.

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