Bank technology

Improved economic conditions helped Heartland Payment Systems Inc. turn a profit in the second quarter after reporting a loss a year earlier, but price competition for merchant processing will remain a challenge.

Wausau Financial Systems Inc. plans to announce Monday that it has hired the payments industry veteran Gary Cawthorne as its president.

Whether or not EMV takes off in the U.S., the country is ready for it — and the underlying technology will be able to evolve with smart card innovations beyond EMV.

Mindbody Inc., a San Luis Obispo, Calif., company that makes business management software for health-and-fitness companies, has become an independent sales organization to improve its profit margin and deepen its relationships with merchants.

Scammers modernize check forgery with access to image archives; turning ATMs into slot machines; ruling allows watchdog site to keep publishing SSNs; and more.

The decision to install emerging technology is an expensive one. And as a recent failed business deal between two vendors shows, it's also fraught with risk when the systems they are promoting don't have long track records — especially for their customers.

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Citic Bank International Ltd., a member of the China Citic Bank Group, is now using the Clearing House Interbank Payments System to handle wire-transfer payments.

Bling Nation Ltd. has begun issuing its mobile payment stickers to employees of PayPal Inc. at PayPal's headquarters in San Jose.

The U.K. security vendor Prevx Ltd. said Sainsbury's Finance has agreed to offer SafeOnline fraud prevention software to its 1.4 million bank customers.

MasterCard Inc. has agreed to offer its issuing banks an online PIN debit system developed by Acculynk Inc.

The New York banking company plans to expand its trade business into Asia and Latin America, which it says present more growth opportunities than North America and Europe.

With new rules likely to cut into banks' fee income, Fiserv Inc. is betting that financial companies will be more interested in technology that can spur customer adoption of online services and cut their costs.

The transfer company said Tuesday that its net income rose 0.4% year over year, to $221 million. Earnings per share rose 2 cents, to 33 cents, topping by a penny the average estimate of 27 analysts surveyed by Bloomberg News.

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Stuart Harvey Jr. is stepping down as the chief executive of Elavon Inc., and will be succeeded by Mike Passilla, the Atlanta processor's executive vice president for global business development.

Skimming devices have Denver motorists on red alert; researchers see weaknesses in WPA2 wireless format; feature on Safari browser may have security flaw; and more.

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Card-skimming attacks on automated teller machines remain a significant threat in most European countries, according to a report from the European ATM Security Team.

A Swedish taxi company is installing in its cabs 1,600 payment card terminals from Hypercom Corp.