Payment processing

First Data Corp. will make two Trusteer services available for its clients to help protect Internet banking and to enhance compliance with new federal guidelines for online security, Trusteer announced Aug. 31.

Mutual of Omaha Bank, on a growth streak since its 2007 launch, has signed a long-term merchant-services agreement with First Data Corp., the companies announced Aug. 30.

In a move exemplifying efforts to move more cash and check payments to credit and debit cards, a national social network of babysitters and parents called SitterPals.com has signed up to use Square Inc.’s service to accept credit card payments for their services, the company announced Aug. 31.

Bank technology vendor S1 Corp.’s board told shareholders not to accept ACI Worldwide Inc.’s exchange offer, at least not yet.

The wireless carriers involved in mobile-payments venture Isis reportedly plan to invest more than $100 million into the project.

A prepaid card breach disclosed in May was accomplished by hackers who turned off the withdrawal limits on multiple card accounts, according to a new report.

Despite increasing activity involving mobile payments, consumers still trust credit card companies more than companies such as Google Inc., eBay Inc. or Facebook Inc.

TransFirst LLC, a company specializing in services that bridge the gap between ISOs and processors, is purchasing an ISO that has been a longtime client.

Boku Inc. has inked an agreement with two French wireless phone carriers to offer its carrier-billing service, a deal which will extend Boku’s reach to 32 million customers in France.

ACI Worldwide Inc. tossed the ball back into S1 Corp.'s court on Thursday as the two companies continue to squabble over competing acquisition proposals.

Visa Inc.’s announcement that it expects old, static PINs to eventually be “eliminated entirely” in favor of dynamic authentication is facing resistance–in particular because many are not convinced that the PIN is past its prime.

Enhancing the services it provides to merchants using its transaction-processing services, the Shazam electronic funds network on Aug. 23 unveiled an innovation it says will streamline merchants’ processes, particularly when authorizing PIN-debit transactions online.

A new point-of-sale terminal from Vivotech Inc. capable of accepting Near Field Communication mobile payments and chip-and-PIN transactions could help position U.S. merchants to embrace EMV smart card technology and perhaps save them money on security-standards compliance costs, the vendor believes.

A federal appeals court has sided with a United Kingdom-based payments processor in a long-running patent dispute with Visa Inc. subsidiary CyberSource Corp.

S1 Corp.'s board urged shareholders on Aug. 22 to vote in favor of the company's pending merger with Fundtech Ltd. because it says the deal would propel the technology vendors ahead of their competitors for payments software.

Transferring funds from a debit card account issued in the United States to one in Mexico will be a far easier process under an agreement Global Payout Inc. reached with a lending company in Mexico, a Global Payout executive says.

Independent sales organizations, which sell payment card acceptance to merchants, see a big opportunity in Visa Inc.’s decision to accelerate the switch to EMV chip-and-PIN cards in the United States.

Years may pass before some merchants realize any savings from the debit card interchange-fee cap mandated by the Durbin amendment to the Dodd-Frank Act.

Hearing the “click-click” of a train conductor punching small holes in paper tickets soon will become less apparent on the Long Island Rail Road when conductors begin using a smartphone device to accept card payments on the busy New York rail system.

Citigroup Inc. and Bank of America Corp. closed some of their card customers' accounts this week, citing data breaches at unidentified retailers.