Many banks are reflexively reissuing debit cards in the wake of a breach, possibly stopping fraud losses but sustaining huge reissuance costs and eroding customers' trust. That's according to survey research released this week. “[Breaches] occur all the time, and don't show any signs of going away,” says Paul Henninger, …

After losing a nasty proxy fight last week with his company's largest shareholder, the chairman and chief executive of electronic bill-payment technology provider Online Resources Corp. seems ready to bury the hatchet. “I think it's going to work out,” Matthew P. Lawlor, who co-founded the Chantilly, Va.-based company 20 years …

Restaurant customers will be able to use their mobile phones to both split and pay dinner tabs with an application now being marketed by Boston-based startup CheXout Systems Inc. The company, which has been incorporated for less than a year and has no live installations, is forging integration agreements with …

A bill to establish an enforcement framework for licensed online gambling operators to accept wagers from individuals in the U.S. was introduced on Wednesday in the U.S. House of Representatives by Rep. Barney Frank, D-Mass., chairman of the House Financial Services Committee. The legislation is designed to replace the controversial …

The top two executives of merchant acquirer Heartland Payment Systems Inc. on Thursday painted a picture of a company on the mend in the wake of the big data breach it disclosed in January. But the recession and the far-from-over effects of the breach still took a toll on the …

MasterCard Inc. is getting a big boost from The Travelex Group, a multinational distributor of travel-related prepaid cards. Under a deal announced last week, Travelex will convert its payment card network brand to MasterCard and process card transactions on MasterCard's year-old debit processing platform called Integrated Processing Solutions, or IPS. …

Specialty payment processor BankServ, one of the pioneers of remote deposit capture, is preparing a move into the mobile-payments market thanks to its recent acquisition of the assets of Commerciant LP. Houston-based Commerciant offers merchants wireless payments software and a unique wireless terminal that scans checks and takes credit card …

In a move to simplify solutions in the rapidly changing mobile-banking market, mFoundry Inc. has added enhanced capabilities to its m-banking product. It now offers text banking (SMS) and alerts, as well as support within the mobile web browser (WAP). The two new modes join mFoundry's mobile applications-based downloadable solution …

Hammered by rising payment-infrastructure costs and a deteriorating economy, billers are starting to push customers harder to receive bills electronically rather than by paper. The rising tide of home foreclosures, indeed, serves as a wakeup call to billers that aren't looking at electronic bill presentment, since it's getting harder to …

Despite the economic downturn and softening volumes, MasterCard Inc. put in a “solid” first quarter, Robert Selander, MasterCard president and chief executive, said early Friday. “Our volumes have been impacted by significant headwinds, such as slower cross-border travel, lower gas prices, and an appreciating dollar,” Selander said at an analysts' …