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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 -
Several groups are continuing to push for a pan-European EMV smart card to compete with cards sponsored by Visa Europe and MasterCard Worldwide. But whether a new card scheme actually will emerge remains as murky as when the efforts first were launched several years ago.
February 1 -
An underdeveloped, diverse and fragmented Indian payments market represents an opportunity for companies to help bring stability to that market, a new report from Mercator Advisory Group suggests.
February 1 -
Companies providing payment gateways, loyalty programs, and authorization and related services for Visa-branded transactions have improved their compliance with the Payment Card Industry Data Security Standard, Visa Inc. announced Jan. 27.
January 31 -
Prepaid card processor FNDS3000 Corp. has closed on a $500,000 private placement, the second scheduled portion of a $2.5 million, non-brokered equity financing agreement entered into in October and led by Sherington Holdings LLC, the Ponte Vedra Beach, Fla.-based company announced Jan. 31.
January 31 -
This story was updated from its original version.
January 31
