Bank technology

Weiss & Lurie, a New York law firm, is examining the proposed sale of Hypercom Corp. to VeriFone Systems Inc. for legal issues.

Global Payments Inc. said it will pay about $170 million to acquire a 51% stake in a new payments processing joint venture with la Caixa, Spain's largest retail bank.

Citing fewer defaults and a reduction in overall outstanding receivables, Target Corp.'s credit card unit more than doubled profit in its fiscal third quarter.

The spawning of a "mobile money" market in Haiti illustrates how mobile funds-transfer applications could develop elsewhere.

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Intrust Bank will use credit card processing, loyalty, merchant processing and other services from Fidelity National Information Services Inc., the Jacksonville, Fla., technology vendor said Wednesday.

VeriFone Systems Inc. is getting a marketing boost for its iPhone payment card reader through a new partnership with the Atlanta processor Elavon.

Through its deals, VeriFone Systems Inc. could soon become the largest terminal maker in the world. On Wednesday, the company announced an all-stock purchase of its rival Hypercom Corp. valued at $485 million, including net debt VeriFone would assume.

In re-evaluating their approach to tracking and gauging risk, banks encounter a basic challenge: whether to build tools from scratch or buy new packaged products.

ATM servicer scams $5M from Rhode Island bank; Seattle restaurant's unfortunate menu item: stolen cards; inside the head of a card-breach mastermind; the $800K cab ride.

Recent developments suggest 2011 will be the year that mobile payments take hold in the U.S. in a big way. But identifying which business model will lead the industry isn't easy.

The risks associated with certain transactions made it difficult and expensive for Chevron Federal Credit Union to serve its customers, so the institution turned to behavioral analytics — and eliminated its online fraud.

Lenders that implement more data, statistics and analysis are able to make better decisions and determine the best responses not only for originations but also for customers on the verge of delinquency.

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Bluepoint Solutions announced 17 new credit union clients Friday for its ImagePoint in-house, item-processing system.

Ixaris Systems Ltd. announced three payment applications Friday for its Opn platform.

In detecting merchant fraud, sometimes less is more. RBS WorldPay has observed that philosophy in upgrading its system for identifying potentially bogus transactions.

In detecting merchant fraud, sometimes less is more. RBS WorldPay has observed that philosophy in upgrading its system for identifying potentially bogus transactions.

Fiserv Inc. said USAA Federal Savings Bank has agreed to use its AdviceAmerica technology for retirement savings and distribution.

Fiserv Inc. said Eagle Savings Bank in Cincinnati has agreed to use its Cleartouch bank platform.