Bank technology

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The South African payments technology company Net 1 UEPS Technologies Inc. has agreed to buy a 98.73% stake in KSNet Inc., a South Korean payment processor.

Customers of Banco Popular N.A. can now withdraw cash for free at an additional 33,000 ATMs under a deal with Cardtronics Inc.'s Allpoint surcharge-free network.

Tilono Corp., Kwedit's inventor, has rebranded both the company and Kwedit Direct as PayNearMe, and has retargeted the service to focus less on e-commerce and more on in-person payments.

Intuit Inc. aims to expand in the fast-growing markets in India and Southeast Asia where demand for its personal and small-business finance software is expected to pick up, its chief executive said.

Amex's launch of a social media application for Apple's iPhone that lets users share information about their purchases is a bold move.

The acquisition of FRSGlobal by Wolters Kluwer's financial services unit is notable because the two companies are focused on more than just regulatory compliance, according to analysts.

Pivotal Payments, a merchant acquirer in Melville, N.Y., has agreed to purchase up to 33,000 payment terminals from Hypercom Corp.

The Brookfield, Wis., banking technology vendor said Thursday that the $3.6 billion-asset Patelco is planning to implement its Acumen software to help its expansion efforts.

A judge has denied a motion by Visa and MasterCard to dismiss a lawsuit filed against them by SmartMetric, according to court filings published Wednesday.

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A bank in the United Arab Emirates intends to launch a credit card designed for use exclusively at the online shopping service offered by Aramex Ltd., a Jordanian shipping company.

Increased use of its cashless vending machine technology drove up revenue and helped USA Technologies Inc. narrow its loss in its fiscal fourth quarter.

Intuit Inc. is adding a home valuation feature to its Mint.com financial management site through a partnership it announced Wednesday with Zillow Inc.

Western Union Co. and the Canadian payments technology provider EnStream LP will test a person-to-person mobile transfer system starting in December.

Fifth Third Processing Solutions LLC has bought Springbok Services Inc.'s prepaid card processing business as part of Springbok's Chapter 11 bankruptcy proceedings.

Tainted Tweets? Twitter hit with malicious code virus; bank heist thwarted by quick thinking manager; authorities break up identity theft ring targeting immigrants; and more.

First Data Corp.'s partnership with a South Korean technology company will help strengthen the transaction processor's ability to support contactless payments initiated with mobile phones, according to an executive.

The cost to use Swift's main financial messaging service will drop significantly under a price reduction the cooperative announced last week.

Banks are betting PFM's mix of analysis and peer comparisons will prove just as sticky in the small-business market as it is for retail online banking.