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Positive fourth-quarter results bode well for Wright Express Corp., whose chief executive tells PaymentsSource the fleet card provider and issuer intends to carry the momentum into the new year.
February 10 -
WASHINGTON – Lawmakers are expected to press the case of credit unions and community banks asking for the Federal Reserve to ease off proposed price restrictions on debit interchange during a hearing before the House Financial Services Committee next week.
February 10 -
ATMs, long a valuable resource for cardholders wanting ready access to cash, have become a growing target for crooks who like them for similar reasons, according to a researcher from ACI Worldwide.
February 10 -
The bank unit of Cabela's Inc., an outdoors merchandiser, has renewed a credit card processing agreement with the Atlanta payments company First Data Corp.
February 10 -
Visa Inc. is furthering its e-commerce strategy by buying a payment platform for online games.
February 9 -
Visa Inc. no longer will require merchants outside the U.S. to annually validate their compliance with the Payment Card Industry Data Security Standard if three-fourths of their transactions comply with the EMV chip-and-PIN standard, the network announced Feb. 9.
February 9 -
Warning lawmakers that the Federal Reserve Board’s proposed new debit-interchange rules likely would thwart national job growth, the American Bankers Association and 55 other state and community banking associations urged members of Congress in a Feb. 8 letter to “intervene immediately” to block the rule’s implementation.
February 9 -
U.S. Bancorp’s Elavon Inc. merchant-processing unit has Class B-certified Hypercom Corp.’s SPOS32 EMV payment software on Hypercom’s T4200 and M4200 payment devices in Canada, the Phoenix-based terminal maker announced Feb. 9.
February 9 -
Payment-processing platform provider Aptys Solutions had added automated clearinghouse functionality to its PayLogics processing platform, the Rockwell, Texas-based company announced Feb. 9.
February 9 -
Visa Inc. is paying $190 million in cash to buy PlaySpan Inc., a private company that provides e-commerce services to developers of online games and smartphone applications, the card brand and network announced Feb. 9.
February 9 -
Merchants using direct marketing services from Marketing Architects Inc. will be able to determine faster whether a consumer’s payment card is valid through a new authorization service the company is using from VeriFi Inc.
February 8 -
As the mobile-payments ecosystem continues to take shape, Total System Services Inc., or TSYS, is dipping its toe into the pool for the first time through a partnership with a Singapore-based trusted service manager for financial institutions, retailers, transit operators and mobile-service providers.
February 8 -
Telefónica O2 UK Ltd. is adding its name to a growing list of wireless carriers planning to launch Near Field Communication initiatives to enable consumers to use their smartphones to initiate payment at the point of sale.
February 8 -
Fidelity National Information Services Inc., or FIS, says demand is picking up for core processing upgrades, contradicting a report last week from rival Fiserv Inc., company executives said during a Feb. 8 conference call to discuss earnings.
February 8 -
French bank Crédit Agricole SA has selected Gemalto NV to support its deployment of Near Field Communication mobile-payment services in Nice, the France-based technology provider announced Feb. 8.
February 8 -
Technology is driving down the rate of fraud for banks, though the cost to consumers for identity theft crimes is going up.
February 8 -
Maas Global Solutions Corp. has become the exclusive processor for Pride Payments Network LLC after making a “significant investment” in the merchant acquiring independent sales organization, the companies announced Feb. 5
February 8 -
Lakshmi Vilas Bank Pvt. bank has become the 10th bank in India to launch the Internet Mobile Payment Service in India, a spokesperson for the Karur-based bank tells PaymentsSource.
February 8 -
Total System Services Inc., or TSYS, has entered into an agreement with Cassis International Pte. Ltd. to provide secure mobile-payment, loyalty and commerce functionality for NFC payments, the companies announced Feb. 7.
February 7 -
Meta Financial Group Inc.’s profit fell by almost 40% in its fiscal first quarter after taking a goodwill charge stemming from its poor stock performance.
February 7
