Payment processing

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.

While many bankers expect Apple Inc. to help bring mobile payments into the mainstream by developing its own system for the iPhone, the consumer electronics giant could also have the same effect with its advertisements.

Zong Inc. said March 17 that its mobile carrier billing service is now available for video game consoles, interactive television services, mobile websites and other channels.

Responding to growing concerns about cardholder data being exposed when merchants process payments over the telephone, the Payment Card Industry Security Standards Council on March 18 announced guidelines for handling and storing card data within audio recordings at call centers.

A number of Olympic and Paralympic fans who tried to purchase event tickets March 16 to next year’s London games were unable to complete orders March 16 if their Visa-branded payment card expired before a certain date.