Cards

Ormeno & Associates will offers its merchant clients in Latin America protection against card-not-present fraud under a reseller agreement the Internet-technology consultancy has reached with Retail Decisions Ltd., the London-based card-fraud prevention and payment-processing company announced Oct. 25.

PayWare Mobile users that have Apple Inc.’s iPhones would be able to accept PayPal funds by bumping their phones with PayPal's users' iPhones under an agreement PayPal Inc. and VeriFone Systems Inc. announced Oct. 26.

Banks continued to demonstrate renewed confidence in their technology-spending decisions during the third quarter, executives of Fidelity National Information Services Inc. acknowledged during a conference call with analysts Oct. 26.

Banking and payments-technology company Fidelity National Information, or FIS, on Oct. 26 reported net income of $134.3 million for the third quarter ended Sept. 30, up 101.7% from $66.6 million during the same period last year. Revenues totaled $1.37 billion, up 65.3% from $828.7 million.

JPMorgan Chase & Co.'s treasury services business announced several new payment services Monday.

MasterCard Inc. has completed its acquisition of DataCash Group PLC.

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

Fidelity National Information Service Inc., known as FIS, has completed the conversion of Brazil-based Banco Bradesco’s 14 million bankcards, bringing the total number of cards FIS processes in Brazil to more than 40 million, the Jacksonville, Fla.-based company announced on Oct. 25.

Mobile is taking Manhattan through the latest expansion of Starbucks Corp.’s payment trial.

Online merchants may send PayPal transactions through First Data Corp. under a new payment service the transaction processor and CardinalCommerce Corp. announced Oct. 25.

Small businesses are showing more confidence in the economy, according to new survey data Discover Financial Services released Oct. 25

Privier Inc. has developed ATM software that enables funds-transfer recipients to withdraw cash from any participating machine.

Progress in the creation of the Single Euro Payments Area continues, but the banking industry still will not meet the voluntary December 2010 deadline for SEPA credit transfers and direct debits, contends the European Central Bank, which now is encouraging European legislators to set a mandatory timeline.

Indian Railways plans to launch an integrated smart card for the city of Mumbai, according to an official from the Centre for Railway Information Systems, the transit agency’s national information-technology arm.

Funds-transfer company Dinero Ahora is adding its 1,200 U.S. locations to the RegaloCard LLC mobile-payments network, the companies announced Oct. 25.

Consumers in the United Kingdom are spending less with credit cards, but they have not abandoned the cards as a desired form of payment, PaymentsSource data show.

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

Almost no part of banking has changed as dramatically in the past year as the credit card industry — OK, maybe mortgages — but cards have faced the triple hit of massive re-regulation, consumer defaults and declining spending. So when 60% of a company's revenue comes from card processing, it goes without saying that the past two years have been challenging. But TSYS has persevered, continuing with its plan to diversify into merchant-acquiring and the community bank market, and holding onto enough cash to make acquisitions if the price is right.

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

Despite reporting a strong third quarter, American Express Co. remains focused on challenging a U.S. Department of Justice lawsuit over alleged merchant steering and how it might affect the brand’s cardholders.