Bank technology

Innovative Card Technologies Inc. said that the second quarter was the first time it has tallied revenue of more than $1 million, though it still reported a loss.

First Southern Bancorp Inc. in Boca Raton, Fla., is using Heartland Payment Systems Inc.'s check processing platform, Heartland Check Management, to do remote deposit capture for business clients, the processor said Monday.

First Data Corp. has begun selling a portable and wireless point-of-sale terminal for mobile merchants.

Edo Interactive Inc.'s prepaid card platform is being used by prepaid card provider Aentra LLC of Miami for a series of gift cards.

Doing just one thing well is no longer good enough for payments processors serving community banks. That was the thinking behind Jack Henry & Associates Inc.'s deal to buy Goldleaf Financial Solutions Inc.

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The mortgage technology firm FNC Inc. in Oxford, Miss., has entered a three-year agreement with U.S. Bancorp's Elavon merchant acquiring unit aimed at helping FNC's loan-originating customers comply with new requirements imposed earlier this year by Fannie Mae and Freddie Mac.

First Data Corp. expects its new joint venture with Bank of America Corp. to contribute $300 million to its revenue in the second half of this year and $700 million in 2010, Michael D. Capellas, its chairman and chief executive officer, said Friday.

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The U.K. automated teller machine network Link is permitting people with China UnionPay credit and debit cards to make withdrawals.

First American CoreLogic has introduced a free home pricing application for Apple Inc.'s iPhone.

Veridian Credit Union of Waterloo, Iowa, is planning to offer its members mobile banking services using software from ClairMail Inc.

The U.K. banking technology provider Monitise PLC said Thursday that it has struck a partnership with a Kenyan payments network operator aimed at creating a mobile financial services system in Africa and the Middle East.

Processors and payments hardware vendors are promoting the concept of end-to-end encryption, but there is no clear definition for the security format.

Banks are taking a new approach to automating business-to-business payments, handing off long-held proprietary systems to third parties that can potentially attract more corporate users — and more transaction fees.

Golden 1 Credit Union has agreed to use Fiserv Inc.'s consumer remote deposit capture service, the Brookfield, Wis., vendor said Wednesday.

MyECheck Inc. has signed up Small Business Network Inc. to use its online check-imaging system.

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PNC Financial Services Group Inc. is planning to move some electronic transaction processing services of its National City Corp. unit to First Data Corp., the Denver processor said Tuesday.

Economic woes of Americans taking a toll on Nigerian scammers; stateside scammers adapting to recession with fake want-ads; Web sites of 18 House members hacked; and more.