Payment processing

Citing a number of “unusual items” in Fifth Third Bancorp’s first-quarter earnings report, Dan Poston, the bank’s chief financial officer, assured industry analysts the quarter was “not as noisy as it might seem.”

Debit card interchange-rate reductions that took effect Oct. 1 triggered a big reduction in Fifth Third Bancorp’s first-quarter card and processing revenue compared with the same period last year, the company reported April 19.

Citi Philippines, a unit of Citigroup Inc. is working with Planet Payment to provide the currency processor's services to Citi's merchant clients in the Philippines.

As soon as the pain subsides from enduring a punch in the stomach from another data breach, the payments industry often is ripe for a change in behavior. Or at least it’s willing to learn more about how to avoid future mishaps.

Global Payments Inc.'s recent data breach is causing many payments-industry participants, including hundreds of small U.S. processors, to recheck their security, one security expert contends.

WASHINGTON – Lawmakers are calling for immediate action to pass long-stalled data-security legislation in the face of last week’s news of a massive data breach at cards processor Global Payments Inc. (see story).

A technical problem affecting the Visa network barred consumers from using their credit and debit cards for about 45 minutes on Sunday, the cards company said.

This is an updated version of an article posted earlier on March 30.

An international coalition is attempting to create due-diligence tools, testing and standards that will help firms determine whether cloud providers are addressing common concerns such as accessibility and security adequately.

Life at Fiserv Inc., it seems, is good. And others increasingly are reaping the rewards.

In a move to open the e-commerce market between Taiwan and China, Taipei-based E. Sun Commercial Bank Ltd. has entered into a partnership with Alipay Inc., China’s leading online payment service provider.

Premier Health Exchange Inc. has formed a business division to deliver electronic payments to health care providers upon settlement of valid and payable medical claims and reconciliation, the provider of health care cost management services announced March 19.

Delivering the perfect marketing pitch via mobile or Web at the point of sale is one of the primary upselling goals of mobile banking, one which requires sales pitches and marketing campaigns to be delivered faster, and with more user-appropriate content.

Mark Hurd, president of Oracle Corp., recently told a group of financial services executives an anecdote about a large bank customer that required 9,000 applications to keep its old core system running.

In a strained economy, with increased regulation and heightened financial pressure from shareholders, banks are examining more deeply their financial supply chain offerings and increasing the use of automated, electronic payments for corporate transactions.

First Data Corp. is entering the fray of technology vendors offering merchants and retail banks the ability to issue digital deals.

Until the mid 1980s, most fraud went undiagnosed or misreported. The debate today seems to be whether the increasing digital landscape ends up increasing or decreasing fraud overall.

To stay relevant in the hypercompetitive personal financial management space, tech companies like Strands Inc. are trying to distance themselves from the person financial management standard of a one-size-fits-all approach to online budgeting.

Discover Financial Services is partnering with the National Payments Corp. of India, part of the company’s ongoing effort to increase card acceptance abroad by teaming with local networks.

WASHINGTON–The American Bankers Association on March 5 unveiled a task force to develop strategies to ensure an efficient payments market.