Bank technology

Bank of New York Mellon said Monday that its treasury services business is developing an online platform called TreasuryEdge.

Online merchants may send PayPal Inc. transactions through First Data Corp. under a new payment service the transaction processor and CardinalCommerce Corp. announced Monday.

U.S. Bancorp said it would replace the Kroger Co. cards issued by a Royal Bank of Scotland Group PLC subsidiary next month.

MasterCard, of Purchase, N.Y., announced in August plans to purchase the London payments technology developer, a move that some saw as a response to Visa Inc.'s purchase of CyberSource Corp. in July. MasterCard said Friday that it completed its purchase of DataCash for $526 million.

Developing business applications for mobile banking could help banks solve one of the quandaries of the emerging channel: how to make money in it.

As consumers increasingly embrace online or mobile banking, banks that wish to retain and expand the customer base must offer related products such as alerts online.

Visa Inc. is making inroads into the world of third-party software development, bolstering its ability to compete in e-commerce payments.

Led by its security and secure payments businesses, Gemalto NV reported a 25% increase in third-quarter revenue.

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Online Resources Corp. plans to let its biller clients accept cash payments through an agreement with MoneyGram International Inc.

An Asian bank has started deploying the first of 26,000 Hypercom Corp. Optimum point of sale terminals in Indonesia.

The online loan facilitator Prosper Marketplace Inc. has expanded the types of loans available on its website.

NCR Corp. said its financial and retail businesses are improving after the poor economy led to lower sales last year.

Though banks are expending considerable capital on consumer adoption of mobile banking, those efforts could be for naught if not paired with the right promotion.

Executives at the Columbus, Ga., payment processor were optimistic about developments abroad as the company, which is still recovering from the downturn in the economy, attempts its comeback.

Tokenization versus encryption has been a topic of debate over the past year, but confusion remains around which technology will best enable compliance with the PCI DSS.

The Belgian consultancy Capital Markets Co. said the benefits of its deal to be acquired by FIS would far outweigh any business it might lose in being owned by a vendor.

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Point of sale terminals five years from now may not look much different from today's devices, but big changes are expected for the software running on them.

The conversion of State Bank of India's massive branch network to a new core processing system should give even the largest American players a taste of the obstacles — and rewards — of moving to a new core.