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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 -
Sage Payment Solutions Inc. hopes to capture a new group of retail customers with the launch of a mobile service that provides small and midsize merchants lacking storefronts a low-cost option to accept credit and debit cards, the company announced Feb. 7.
February 7 -
Visa Inc. will allow merchants to offer discounts or other incentives to steer customers to a particular form of payment, including to a specific network brand or to any card product such as a “nonreward” Visa credit card, under terms of its settlement of an antitrust suit brought by the U.S. Department of Justice, the card brand announced last week.
February 7 -
Seeking to cater to its consumers who do not have Apple Inc. iPhones or Google Inc. Android smartphones, TD Bank NA last week launched a mobile-banking application for Research In Motion Inc.’s BlackBerry devices.
February 7 -
Online payments are becoming faster, as person-to-person payment providers forge ties with PIN-debit networks.
February 7 -
Many banks have reported financial improvements, but their technology spending is still at a trickle.
February 4 -
Bolstered by improved operating efficiencies and increased funds-transfer activity, MoneyGram International Inc. on Feb. 4 reported net income of $16.2 million for the quarter ended Dec. 31, up 105% from $7.9 million during the same period the previous year. Revenue was up 2.6%, to $303.4 million from $295.6 million.
February 4 -
Zumogo, ProPay Inc.’s new social-media payment tool for mobile phones, leaves out vital information that ProPay says some competitors leave in.
February 4 -
The South African National Department of Transport has picked Clear2Pay NV to develop functional testing services for EMV contactless cards and payment terminals in the country, the agency announced last week.
February 4 -
In yet another sign 2011 promises to include an avalanche of Near Field Communication-related announcements, LG Corp. is jumping on the bandwagon. That should shock no one, one analyst contends.
February 4
