Payment processing

Manchester, N.H.-based Bellwether Community CU has rolled out a new mobile banking service provided by NCR Corp., one of the first credit unions to use the NCR mobile banking solution.

Accertify has launched Accertify Chargeback Service, a comprehensive charge-back management platform designed to help merchants save time, cut operational costs and retain revenue, the transaction-screening services provider announced March 23.

The National Payments Corp. of India later this year will launch a domestic payment card scheme that will compete with China UnionPay, Visa Inc. and MasterCard Worldwide for transaction volume in that country, a spokesperson for the state-owned company tells PaymentsSource.

WESTON, Fla.–Certain details surrounding new Internal Revenue Service rules requiring payment processors and acquirers to track merchants’ transactions and report them to the IRS remain unclear, but help is on the way.

A start-up person-to-person payments network is teaming with a daily-deals service to tie the use of coupons to a customer’s prepaid card.

Diners at Field of Greens and VooDoo BBQ & Grill may receive discount coupons and eventually may pay for purchases through Mobibucks Corp.’s mobile marketing and payment service under a deal Mobibucks announced with the two restaurants March 21.

First Data Corp. is rolling out a mobile-coupon program for merchants called mVoucher that uses 2-D barcodes and text messages, the Atlanta-based processor announced March 22 at the International CTIA Wireless convention in Orlando.

Fifth Third Processing Solutions announced March 21 it will be offering Planet Payment’s Pay in Your Currency service, which will allow international cardholders using eligible cards to see the final amount of a cash withdrawal in their home currency at the time of the transaction.

Allied First Bancorp Inc. of Oswego, Ill., is using technology from VSoft Corp. for remote deposit capture services, the companies announced March 21.

In offering to market third-party software to its customers, Fifth Third Processing Solutions LLC is going beyond what many payment companies do when they open their platform to developers.

The banking lobby is pushing to delay caps on debit interchange fees, but JPMorgan Chase & Co. is sending the message that it has already accepted defeat.

Consumers ages 30 to 50 increasingly are using reloadable prepaid debit cards, and the trend might be enough evidence for banks to offer such products to recoup anticipated reductions in revenue from new, reduced debit card interchange rates, new research suggests.

Qiwi Ltd., Russia’s largest payment-service operator, is denying last week’s reports in local media that hackers easily could access its payment terminals to steal money from customer accounts.

Vivotech Inc. has launched a new software suite called Vivonfc to manage payment systems that use Near Field Communication chips, the company announced March 21.

PSCU Financial Services announced this afternoon the hiring of Michael Kelly, an executive with Fiserv’s payments network, as its president and CEO.

WASHINGTON – With the toughest campaign of his career on tap, Montana Senator Jon Tester collected tens of thousands of dollars in campaign contributions from credit unions, banks and other interests before the Senate Banking Committee, just days before Tester lent his name as co-sponsor of a bill to delay the controversial rule cutting debit fees.

Visa Inc. plans to unveil an improved fraud detection system Monday for CyberSource Corp. customers that it says will cast a wider net than its earlier technology.

JPMorgan Chase & Co. plans to end debit rewards for at least some existing customers in July, according to a letter the issuer is sending to customers that cites the Durbin amendment as its reason.

A severe security breach at EMC Corp.'s RSA Security may threaten the thousands of banks that use its technology.

The expanding array of services offering merchants advanced encryption of sensitive payment card data is causing competition to heat up among purveyors already jockeying for dominance by touting each product's specific advantages.