Bank technology

First Data Corp., like other processors, is looking to capitalize on the Durbin amendment with its PIN debit network and the development of new "steering" services for merchants.

Jack Henry & Associates Inc. joined other large technology vendors in reporting an improved sales environment on Tuesday, posting an 11% year-over-year increase in quarterly revenue and a bigger backlog of future sales. Its net income rose 5%, to $33.1 million.

More details trickle out about Sony's data breach; new malware attack focuses on users of Apple's Safari browser; Twitter user's blog is modified by hackers to serve up malware.

Fidelity National Information Services Inc. is pushing its debit processing network to banks and credit unions as they await the outcome of pending caps on interchange fees.

Technology vendor Fidelity National Information Services Inc. said Tuesday that growth in processing revenue and electronic payments services helped the company increase its first-quarter revenue 12% from a year earlier to $1.4 billion.

Total System Services Inc. has bought TermNet Merchant Services, an Atlanta merchant acquirer. TSYS, of Columbus, Ga., said on Monday that it will integrate TermNet into its TSYS Merchant Solutions division, which is the name the company gave to a joint venture with First National Bank of Omaha that it bought out early this year.

BankAtlantic Bancorp Inc. announced a system for mobile banking access through text messages. The text message service, announced Monday, is provided by Intuit Inc.'s financial services business.

The electronic bill management provider Bill.com Inc. announced Monday that it would integrate its system with Sage Group PLC's Peachtree accounting software.

The software vendor Open Solutions Inc. on Monday officially announced the availability of a service that allows its financial institution clients, resellers and other partners to develop their own applications to augment the company's core processing system.

A Virginia circuit court has awarded $5.3 million in damages to Online Resources Corp.'s former chief executive and chairman in an employment lawsuit he filed against the banking technology vendor.

A host of new mobile payment applications promise many of the perks of near-field communication technology, without the costly hardware.

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NCR Corp. swung to a first-quarter profit of $13 million, compared with a loss of $19 million a year earlier. The Duluth, Ga., ATM and kiosk maker's revenue rose 6%, to $1.1 billion.

WASHINGTON — With some major banks now considering chip-card technology, fraud is expected to gravitate to less-secure cards.

A circuit court awarded $5.3 million in damages to the former CEO of banking technology vendor Online Resources in an employment lawsuit he filed against the company.

A circuit court awarded $5.3 million in damages to the former CEO of banking technology vendor Online Resources in an employment lawsuit he filed against the company.

Electronic payments giant PayPal Inc. has acquired mobile-payments startup Fig Card Corp., PayPal said in a blog post Thursday.

Sony Corp. has provided further details on the data breach that affected up to 77 million users of its PlayStation Network.

Now that the vendor has plowed resources into developing a person-to-person payments service and acquiring smaller mobile banking and prepaid technology providers, analysts are challenging the vendor to make these investments pay off.

Banks and several large technology companies, including Apple Inc. and Microsoft Corp., argue that because the Fed's proposed 12-cent interchange fee cap does not properly take into account the costs of fraud and fraud prevention, banks will inevitably have less money to protect data security, making the entire system less safe.