News

February, 2008

• 14 February

  TSYS Joins Rivals First Data, Metavante in Mobile Banking And Payments

  With its announcement on Thursday that it is working with a U.K. provider to enable mobile access to credit card accounts in the U.S., Total System Services Inc. (TSYS) has joined rival payments processors First Data Corp. and Metavante Corp. in entering the nascent but highly promising business of mobile …
• 13 February

  With Internet Hurdles Higher, Fraudsters Pick up the Phone

  Electronic-payment security experts predicted fraudsters would turn their attention to less-guarded telephone-based banking systems as a result of banks' efforts to beef up online-banking security in the wake of federal regulations promulgated in 2005. Now comes a new study about identity fraud, which, while not showing a causal relationship, gives …
• 12 February

  Clear Originator ID for Consumers Is NACHA’s Latest Risk Measure

  In an effort related to a broader initiative to tighten risk management in the automated clearing house network, NACHA this week announced its voting membership has approved a rule that requires companies that originate transactions to identify themselves with names their customers will recognize. The new rule, which goes into …
• 11 February

  Intrigue Envelops Hypercom As It Mulls Ingenico Buyout Offer

  Point-of-sale terminal maker Hypercom Corp. on Monday said it is talking with France-based Ingenico about the $332 million buyout offer Ingenico made last week, an offer that came at a time when Phoenix, Ariz.-based Hypercom is trying to buy the POS terminal unit of another French company, Thales S.A. Ingenico …
• 11 February

  LendingTools Sparks Growth with Image Exchange for Small Banks

  LendingTools.com, a Wichita-Kansas-based technology company that a year ago began offering regional image exchanges for community banks based on an ASP model, says it is processing items at a rate of 10 million per month, with more growth in store in 2008. As smaller banks leave paper-check exchanges and begin …
• 7 February

  Eye on Earnings: Quarterly Results at Visa, Fiserv, Jack Henry, Tier

  Visa Inc., which is planning an initial public stock offering this year, processed 9.1 billion transactions in its fiscal 2008 first quarter ended Dec. 31, up 1.1 billion or 13% from 8 billion a year earlier, according to the quarterly report the No. 1 payment network filed Feb. 4 with …
• 6 February

  PCI Council Streamlines Self-Assessment Forms, Targets Software

  Merchants like to gripe about the Payment Card Industry data-security standard (PCI) nearly as much as they like to complain about interchange, but a new set of questionnaires for merchants to use with their PCI assessments could reduce the irritation factor. The new, so-called Self Assessment Questionnaire from the PCI …
• 6 February

  Hy-Vee Gives Thumbs up to BOC, Works on Chainwide Rollout

  In a major vote of confidence for an 11-month-old form of electronic payment, Hy-Vee Inc., a 224-unit supermarket chain based in West Des Moines, Iowa, has installed back-office conversion (BOC) in 21 of its stores in the Des Moines area since last August and plans to roll out the system …
• 6 February

  10% of Mobile Banking Enrollees Are New to Wachovia, Bank Reports

  Three months after Wachovia Corp. began offering a mobile-banking service based on a software application installed in customers' handsets (Digital Transactions News, Nov. 13, 2007), the Charlotte, N.C.-based banking company is seeing new enrollments in the service rise at an average of 40% per week, while 10% of enrollments have …
• 5 February

  Fiserv-CheckFree Brings Remote Capture to Online Consumer Banking

  Remote deposit capture still has plenty of territory to conquer in its original business-user market, but bank processor Fiserv Inc.'s CheckFree electronic bill-pay unit on Tuesday unveiled a home-based remote deposit capture service it believes will tap growing consumer demand for electronic banking. Dubbed Remote Deposit Capture for Consumers, the …