Bank technology

Fifth Third Processing Solutions LLC announced a service that can help the processor's smaller merchant clients validate their compliance with the Payment Card Industry data security standard.

Zions says the deal to sell its remote capture unit is a strategic move to leave an increasingly competitive business.

"Professional" websites don't instill trust in online consumers, study shows; money mules strike Catholic Church; personal info exposed on Delaware state retirees; and more.

BankServ, which provides remote deposit capture technology to banks, announced Tuesday an agreement to buy most of the assets of competitor NetDeposit LLC from Zions Bancorporation.

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MasterCard Inc. announced a deal with a Brussels online payment company that would give customers of MasterCard issuers greater access to U.S. and U.K. online merchants.

The Chicago Transit Authority may be getting closer to implementing an open-network fare-collection system that would accept contactless card and mobile payments.

PNC Financial Services Group Inc. is betting that its Virtual Wallet account, which has always focused on teaching consumers to be better savers, can also teach them to be better spenders.

Re: "r u Ready 4 New Ways 2 Engage?" [Aug. 27] As both a member of Generation Y and an active communications professional, I find the viewpoints in this article condescending and an inaccurate snapshot of effective marketing.

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Gemalto NV's secure-transactions unit, which includes bank cards, generated $253 million in revenue during the first half of this year, up 1.4% from the year earlier, the French smart card vendor said Aug. 26.

Beginning Oct. 31, 2012, issuers, merchants and acquirers in Canada that support American Express Co. cards will become liable for fraudulent transactions initiated with magnetic stripe cards when the fraud would have been averted by cards meeting the EMV Integrated Circuit Card Specifications, Amex Canada said.

A federal judge dismissed a shareholder lawsuit against VeriFone Systems Inc., the company announced Friday.

Blackhawk Network has rebranded its reloadable prepaid debit products and cut many of its fees in an effort to increase market share.

A Rhode Island company called Swipely has launched a social spending website of the same name.

Heartland Bank of Gowrie, Iowa, has agreed to use check processing software from Integrated Bank Technology Inc.

Unregulated mobile payments systems could put consumers at risk for fraud, according to Consumers Union.

First Data Corp. has developed a debit card antifraud system that uses contactless chips to produce unique, one-time card numbers for use at the point of sale.

While texting and SMS messaging may not appear serious or formal, there is a very serious side to using this form of engagement.