Payment processing

Cardtronics Inc. cited six different factors that helped the ATM independent sales organization generate a second-quarter revenue boost to $147.3 million, up 10.8% from $132.9 million from the same period a year ago.

A resurgence in demand for online-billing services is helping fuel growth at Online Resources Corp., which is in the midst of restructuring its business.

The Payment Card Industry Security Standards Council has set Aug. 29 as its deadline for gathering suggestions from participating organizations for security compliance topics that need further study.

Online Resources Corp.'s second-quarter revenue grew 5.4% year-over-year, to $38.3 million, from higher sales of e-commerce services.

Online Resources Corp.’s second-quarter revenue grew 5.4% year-over-year, to $38.3 million, from higher sales of e-commerce services, the company announced Aug. 4.

Chris Olson doesn't count himself among EMV's detractors or evangelists. "It's a lot like Beta or VHS, you don't really know how it's going to turn out," says Fremont Bank's COO on the question of whether EMV cards (debit or credit cards embedded with a computer chip that meets the standard named for creators Europay, MasterCard and Visa), magnetic stripe cards or some other kind of point-of-sale plastic will dominate the U.S. card market in the future.

A possible tie-up between bank technology vendors Fidelity National Information Services Inc., or FIS, and Misys PLC has fallen through after the companies failed to agree on price.

Prepaid card marketer NetSpend Holdings Inc. reported a 10.3% second quarter year-over-year increase in revenue on Aug. 3 as use of its cards rose.

Though First Data Corp.’s second-quarter earnings show losses tied to debt service from a 2007 takeover by private equity firm Kohlberg Kravis Roberts & Co., company executives pointed to positive revenue numbers and strong liquidity during an Aug. 3 conference call with analysts.

Visa Inc. fired the first shot in the post-Durbin pricing war, but MasterCard Worldwide is not ready to pull the trigger, at least not yet.

Touting heavier consumer and commercial card-spending as the economy gradually improves, MasterCard Worldwide on Aug. 3 said its second-quarter purchase volume showed healthy increases in all worldwide regions, with its biggest gains in Latin America, Asia, the Middle East and Africa.

Growth in payment-processing business in North America and continued success with its MasterCard corporate card program helped generate a 54.6% increase in second-quarter revenue for fleet card provider Wright Express Corp.

Increases in debit-network fees and favorable changes in foreign currency fueled a 5.4% increase in second-quarter revenue for First Data Corp., to $2.75 billion from $2.61 billion a year ago, the company reported Aug. 3.

Higher spending on its credit and debit cards boosted MasterCard Inc.’s second-quarter net revenue by 21.4% from a year earlier.

Payments technology vendor Fundtech Ltd.’s second-quarter revenue rose 16.4% from a year earlier to $40.5 million as it closed 130 new deals and added 14 new bank clients.

For a large international operation such as RBS' wholesale banking unit, drawing a mobile roadmap means scaling the knowledge curve posed by fast-developing new devices and technology to find the best match between innovation and client demand.

Debit card issuers scrambling to ensure they have appropriate fraud-protection strategies in place before new debit-interchange rates kick in Oct. 1 are likely to confront some dilemmas, some analysts suggest.

Uncertainty remains for clients of payments and banking software provider S1 Corp. despite its plan to stay the course on a proposed merger with Fundtech Ltd.

With 2.6 billion China UnionPay cardholders and 1.2 million Elavon Global Acquiring Solutions merchants worldwide, the math simply added up for an agreement that would enable Elavon merchants to accept UnionPay cards, an Elavon executive says.

Financial technology vendor S1 Corp.’s board of directors has rebuffed an unsolicited acquisition bid from rival ACI Worldwide Inc., signaling its commitment to an existing agreement it has to buy another competitor.