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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.
October 28 -
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.
October 28 -
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.
October 27 -
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Hypercom Corp. announced a new unit Tuesday to promote the use of encryption technology within the payments industry. Its rival, VeriFone Holdings Inc., announced a partnership the same day with the processor Chase Paymentech LLC to offer its own encryption product to Paymentech's merchant clients.
October 27 -
Fraudsters taking advantage of the weakest links: small and midsize businesses; Virginia v. watchdog website in online protected free speech debate; Nigerian scammers feeling the heat; and more.
October 27 -
ING Group NV plans to spin off its U.S. direct banking operation under a restructuring plan that would enable it to seek European Union approval for a taxpayer-funded bailout.
October 27 -
Mobile financial services vendor Monitise Americas LLC announced Monday that 50 financial institutions have now signed up for its full-service offering and 100 more have signed up for its text-only service.
October 26 -
The credit bureau TransUnion LLC is using the on-demand Vindicia CashBox service for its online billing management, the vendor, Vindicia Inc. of Redwood City, Calif., announced.
October 26 -
As financial companies develop more tools to make their online banking services more interactive, some payments executives are realizing that consumers are still concerned with security, proactive communication and more personalized experiences.
October 26 -
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MasterCard Inc. has introduced in India a virtual prepaid card that can be used with mobile phones.
October 23 -
VeriFone Holding and Heartland Payment Systems are embroiled in a legal dispute that was triggered by still-in-development encryption technologies and has led to charges of unfair competition, patent infringement and xenophobia.
October 23 -
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The French payment terminal company Ingenico SA has introduced a device that includes both business software and payment acceptance.
October 22 -
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.
October 22 -
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.
October 22 -
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.
October 22
