Bank technology

Total System Services Inc.'s fourth-quarter net income declined 18% from a year earlier to $51.6 million, the merchant processor said Tuesday after market close.

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Acculynk Inc. is taking its online PIN debit payment system, PaySecure, and adapting it for smartphones. Starting later this quarter, participating merchants may integrate PaySecure into a mobile application's checkout process as a payment option.

Facebook engineers respond to enormous hack job into Tunisian accounts; cyber security case against Comerica could have wide implications for banks; and more.

ElectraCard Services Pvt Ltd, a payment processor based in India, is opening its first U.S. office, in Omaha, Neb.

First Data Corp. has expanded its agreement with Getin Noble Bank SA of Warsaw, Poland, to include card-issuing and payment processing services for the bank's contactless card program.

The Cincinnati company will provide services including debit card processing, automated teller machine driving, fraud protection and card production to First New Mexico Bank of Deming, N.M.; Valley Bank of Commerce in Roswell, N.M.; and First State Bank of Mesquite, Texas. First New Mexico has 13 ATMs, Valley Bank has two ATMs and First State Bank has four ATMs.

MasterCard Inc. confirmed that it is hiring Mung-Ki Woo as group executive for its mobile business.

Some newer online services can provide quicker, easier and less costly integration with online banking systems than banks are accustomed to — but banks don't always want this.

Is it crazy to suggest that we create new gadgets and technologies for security that are appealing and that people will want to use?

After more than a year of development and pilot testing, NCR said, the module's early success with large banks has positioned it to be a significant driver of the vendor's sales.

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EBay Inc. has said that the proposed limits on debit card interchange fees should not immediately harm its payments operations.

The online banking and bill payment provider Online Resources Corp. said Friday that its board is "evaluating unsolicited expressions of interest in potential business combinations."

An ambitious program at Fannie Mae and Freddie Mac would forever change how lenders handle the appraisal process. But delays to the initiative's implementation are slowing advancement of third-party technology.

The online banking and bill payment provider Online Resources Corp. said Friday that its board is "evaluating unsolicited expressions of interest in potential business combinations."

SAP AG said Thursday that it has introduced a product package to supply billing capabilities to telecommunications providers.

Silver Tail Systems Inc. has announced changes in its fraud monitoring technology to improve its ability to spot unauthorized access attempts.

Two companies are trying to bring the decade-old merchant cash advance concept into new — and starkly different — markets.

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