Payment processing

Heartland Payment Systems Inc. is prepared to pass along what it calls “Durbin Dollars” to its merchant clients.

One of the most significant challenges to widespread adoption of Near Field Communication-enabled mobile payments has been determining how the card brands, issuers, mobile operators and handset manufacturers will divvy up transaction revenues.

To help distribute its Serve digital payment and wallet service, American Express Co. on Aug. 1 announced a deal in which Verizon Wireless will integrate the platform into many of its mobile phones and tablets.

State Bank of India Ltd. on July 28 became the first card issuer in the country to announce plans to convert its entire portfolio of magnetic stripe credit cards to EMV chip-and-PIN formats.

Continued strong performance in European and Latin America markets, combined with expansion into Asia, helped provide Ingenico SA with a double-digit lift in revenue for the first half of 2011, the French terminal maker reported July 27.

New York mass-transit riders no longer will need a crystal ball to know how far their bus is from their stop under a service from VeriFone Systems Inc. that the Metropolitan Transportation Authority plans to launch in Staten Island later this year and eventually throughout the city.

Double-digit growth in funds-transfer revenue, transaction volume and agent locations helped create a significant boost in MoneyGram International Inc. second-quarter net income

Visa Inc. is overhauling its pricing to spur merchants to route transactions its way and defend a dominant share of the U.S. debit card market, a position endangered by new regulations.

Record second-quarter highs in processing sales volume and net revenue have Heartland Payment Systems Inc. executives singing the praises of a retooled sales force and diligence in monitoring expenses.

Helped by strong growth in purchase volume outside the U.S., Visa Inc. on July 27 reported healthy across-the-board fiscal third quarter transaction growth.

Payments processor Heartland Payments System Inc. on July 28 said it expects its 2011 earnings to be higher than it previously forecasted after reporting a jump in second-quarter profit and sales.

Hacking suspects may blame their arrests on having picked the wrong target.

Visa Inc.’s fiscal third-quarter net income rose 40.4% from a year earlier due partly to a gain it recognized from the revaluation of a deal with Visa Europe.

The finalization of new debit card regulations likely will provide a tailwind to bank technology spending later this year, according to the top executive of vendor Fiserv Inc.

Aided by relatively strong performance from its EFT Processing segment, transaction processor Euronet Worldwide Inc. reported favorable second-quarter revenue and profitability.

Flush with cash and the prospect of stronger revenue growth for the rest of the year, Total System Services Inc., or TSYS, is eyeing potential acquisitions that would diversify its operations beyond its core credit card processing business.

A start-up company’s contactless-payment wristbands have gained the backing of the Visa brand under a product launch announced July 27.

Shares in S1 Corp. traded higher when the markets opened this morning as Israel-based Fundtech Ltd. reminded investors that its agreement to merge with S1 Corp. has not been finalized yet and could fall prey to yesterday’s higher offer by ACI Worldwide to acquire S1.

Citing improving economic conditions, Total System Services Inc., or TSYS, on July 26 reported a 3.9% increase in second-quarter revenue, to $447.6 million from $430.8 million during the same period a year ago. Net income was $54.6 million, up 4% from $52.5 million.

Fiserv Inc.’s second-quarter revenue rose 4.9%, to $1.07 billion from $1.02 billion a year earlier as the vendor sold more of its bill-payment and account-processing software to banks.