Bank technology

Merchants that struggle to pay for breach-related costs might get some help from their merchant acquirers.

Total System Services Inc. has reached a deal to support Tesco Personal Finance PLC's portfolio of 2.4 million credit cards in the U.K.

Banks are further opening the spigot for technology spending, if Fidelity National Information Services Inc.'s earnings are any indication.

Financial institutions that lack robust analytical approaches and rely on large investigative teams are working at a decided disadvantage.

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Examining the likelihood of "timing attacks"; Mozilla add-on allegedly steals passwords of thousands of users; viruses may be lurking in your Desktop shortcuts; and more.

Visa Europe has introduced an information management system for its commercial cards. The Visa IntelliLink Spend Management system, announced Thursday, lets commercial cardholders view and manage their business spending.

Use of mobile banking services is growing significantly, but it has not yet become a mainstream service, according to a report from IDC Financial Insights.

One hundred fifty credit unions have agreed to offer members a mobile banking service based on software from Fiserv Inc., including 84 that are already using it.

The Jacksonville, Fla., banking technology vendor said last week that the banking unit of Sterling Financial Corp. is planning to install its integrated banking services software and several related payments applications.

A payments security startup is trying to minimize compliance headaches for small online retailers through cloning — of webpages, that is.

NetSpend joins Green Dot as the second prepaid card company planning to go public this year, potentially setting valuation benchmarks for this maturing market.

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NetSpend joins Green Dot as the second prepaid card company planning to go public this year, potentially setting valuation benchmarks for this maturing market.

The Herndon, Va., electronic payments association said last week that MetaBank had become a direct member, giving the Storm Lake, Iowa, unit of Meta Financial Group a voice in the evolution of the automated clearing house system.

Businesses of all sizes are increasing their use of electronic forms of payment to help improve their cash flow, according to a report from Aberdeen Group Inc.

MasterCard Inc. said its issuers have agreed to the terms of a settlement agreement it reached with Heartland Payment Systems over the processor's 2008 data breach.

The payment card network China UnionPay Ltd. has struck an acceptance agreement with U.S. Bankcard Services Inc., an independent sales organization based in California.

NetSpend Corp. plans to issue up to $200 million of stock in an initial public offering, the Austin prepaid card company disclosed Thursday in a document filed with the Securities and Exchange Commission.

U.S. consumers' average credit card debt in June inched up after falling to its lowest level of the year in May, while the average credit score dropped for the first time in 2010, according to data from Credit Karma.