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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 -
Fiserv Inc.’s shares fell more than 3% in after-hours trading Thursday after the Brookfield, Wis., banking technology vendor reported earnings that missed analysts’ estimates.
February 4 -
MasterCard Worldwide CEO Ajay Banga expressed concern about the effects of the Federal Reserve Board’s proposed debit-interchange rules, but he also sketched out various scenarios in which MasterCard may benefit during an analyst conference call to discuss fourth-quarter earnings.
February 3 -
Continuing its expansion into newer payments-related territory, Visa Inc. intends to focus on increasing its presence in mobile payments, online commerce and funds transfers, Joseph W. Saunders told analysts during a conference call to discuss fiscal first-quarter earnings.
February 3 -
A test of an open transit payment card along a 14-mile commuter rail line near Philadelphia also will gauge the effectiveness of post-paying for transit rides.
February 3 -
Visa Inc. is expanding its relationship with MoneyGram International Inc. to grab a bigger piece of the remittance market.
February 3 -
Sports-graphics retailer Fathead LLC will use ModaSolutions Corp.’s online eBillme service as an option at checkout, the alternative payment provider announced Feb. 3.
February 3 -
Visa Europe and Monitise PLC have formed a partnership to develop mobile-payment services for Visa’s member financial institutions within Europe, the companies announced Feb. 3.
February 3 -
Payments processor ProPay Inc. is testing a mobile application that enables consumers to pay brick-and-mortar merchants using their smartphones instead of handing over a card.
February 3 -
Commuters on the 14-mile-long rail line connecting Lindenwood, N.J., and Philadelphia would be able to use any contactless-payment card to access trains following a pilot Cubic Corp. announced Feb. 2.
February 3 -
Citing continued growth in international volume and processed transactions globally, Visa Inc. on Feb. 2 reported fiscal first quarter increases in Visa card spending both domestically and internationally.
February 2 -
First Data Corp. plans to support the Federal Reserve Board’s proposed new debit interchange rules with a two-tiered pricing structure for debit-interchange rates on its Star PIN-debit network and expects slow but steady revenue growth ahead, company executives told analysts Feb. 2.
February 2 -
Payments processing giant First Data reported this morning that debt service incurred from its huge 2007 takeover by Kohlberg Kravis Roberts & Co. continues to create big losses–$1.02 billion for 2010–even as lucrative fees earned from debit interchange are helping stem the red ink.
February 2 -
In the mobile banking business, a one-size-fits-all approach just doesn't cut it, as Firethorn Holdings LLC found out.
February 2 -
A boost in payments processing and demand for technology outsourcing from banks helped Jack Henry & Associates Inc. raise its fiscal second-quarter revenue by 15% from a year earlier to $242.6 million.
February 2 -
SafetyPay Inc. will provide JetPay LLC with a worldwide payment platform that provides additional value and access to a suite of alternative payment options, Coy Lynch, JetPay vice president, noted in Feb. 1 press release announcing the companies’ partnership.
February 1
