Payment processing

First Data Corp.’s TransArmor payment-tokenization product soon will be available in VeriFone Systems Inc.’s multilane and petroleum point-of-sale terminals, the Atlanta-based transaction processor announced Oct. 28.

Consumer demand for more-robust Internet tools is helping push forward banks’ technology investments, Fiserv Inc.’s chief executive noted during an Oct. 27 earnings conference call with analysts.

State Bank of India Ltd. soon plans to begin offering merchant-acquiring services through a new joint venture company after it finalizes how much equity each of the venture partners holds, a spokesperson for the Mumbai-based bank confirms to PaymentsSource.

Euronet Worldwide Inc.’s epay division will install and run the retail operations of Sydney’s much-awaited smart card transit system, the electronic-payments processor announced in a recent statement.

Higher bank spending helped Fiserv Inc.'s revenue increase 3.3%, to $1.03 billion in the third quarter from a year earlier.

Ormeno & Associates will offers its merchant clients in Latin America protection against card-not-present fraud under a reseller agreement the Internet-technology consultancy has reached with Retail Decisions Ltd., the London-based card-fraud prevention and payment-processing company announced Oct. 25.

Discover Financial Services and Toronto-based debit and credit card processor Moneris Solutions Corp. on Oct. 26 announced an agreement that Discover hopes will lead for the first time to broader acceptance of Discover’s cards in Canada.

PayWare Mobile users that have Apple Inc.’s iPhones would be able to accept PayPal funds by bumping their phones with PayPal's users' iPhones under an agreement PayPal Inc. and VeriFone Systems Inc. announced Oct. 26.

Banks continued to demonstrate renewed confidence in their technology-spending decisions during the third quarter, executives of Fidelity National Information Services Inc. acknowledged during a conference call with analysts Oct. 26.

Banking and payments-technology company Fidelity National Information, or FIS, on Oct. 26 reported net income of $134.3 million for the third quarter ended Sept. 30, up 101.7% from $66.6 million during the same period last year. Revenues totaled $1.37 billion, up 65.3% from $828.7 million.

JPMorgan Chase & Co.'s treasury services business announced several new payment services Monday.

MasterCard Inc. has completed its acquisition of DataCash Group PLC.

Developing business applications for mobile banking could help banks solve one of the quandaries of the emerging channel: how to make money in it.

Fidelity National Information Service Inc., known as FIS, has completed the conversion of Brazil-based Banco Bradesco’s 14 million bankcards, bringing the total number of cards FIS processes in Brazil to more than 40 million, the Jacksonville, Fla.-based company announced on Oct. 25.

Mobile is taking Manhattan through the latest expansion of Starbucks Corp.’s payment trial.

Online merchants may send PayPal transactions through First Data Corp. under a new payment service the transaction processor and CardinalCommerce Corp. announced Oct. 25.

Privier Inc. has developed ATM software that enables funds-transfer recipients to withdraw cash from any participating machine.

Progress in the creation of the Single Euro Payments Area continues, but the banking industry still will not meet the voluntary December 2010 deadline for SEPA credit transfers and direct debits, contends the European Central Bank, which now is encouraging European legislators to set a mandatory timeline.

Indian Railways plans to launch an integrated smart card for the city of Mumbai, according to an official from the Centre for Railway Information Systems, the transit agency’s national information-technology arm.

Jeffery Yabuki says he never doubted his company’s ability to endure the financial industry’s recent downturn, which eliminated several banks using its technology and is an ongoing threat to the survival of others.