A little-known maker of switching software with very well-known clients is counting on a major upgrade in memory horsepower it is helping to pioneer to drive down transaction-processing costs while dramatically boosting the amount of data networks can handle. San Rafael, Calif.-based Kabira Technologies Inc. may not have the immediate …

At a time when new ATM deployment has been slow, one independent deployer of the machines has found a big payoff from a novel approach to cobranding ATMs with banks. Since announcing its cobranding deal about 18 months ago, Houston-based Cardtronics Inc. has been able to get more than 800 …

Debitman Inc., a non-bank PIN debit network linking tens of thousands of merchant locations, will launch a PIN-secured stored-value card by Sept. 30 that will bear merchant branding on the front, with Debitman's mark on the back. John K. Lannan, chief executive of the Chico, Calif.-based company, says heavy-duty marketing …

The new chief executive of Visa U.S.A. could meet with a top official of the National Retail Federation and the Merchants Payments Coalition as early as September to discuss interchange and other issues, according to a spokesman for both merchant organizations. John Philip Coghlan, the former Charles Schwab & Co. …

Despite an apparent willingness by the new chief executive of Visa U.S.A. to meet with merchant representatives on such thorny issues as interchange pricing, some observers say the bank card association's basic position toward the retailer community is unlikely to change. John Philip Coghlan, who took over yesterday as president …

Star Systems Inc. will begin processing bill payments through its electronic check-conversion service, Star Chek Direct, by the end of the year, according to officials at the network. In the bill-payment scenario, consumers will be able to pay billers in certain low-risk industry categories, such as insurance and utilities, by …

CheckFree Corp. will begin piloting PIN-based debit transactions in its extensive walk-in bill-payment network before the end of the year. The Atlanta-based processor is also investigating the possibility of adding a PIN-less debit feature to its online and telephone-based bill-payment network for so-called biller-direct transactions, though it has no definite …

Looking toward a breakthrough year in payments processing for online and mobile digital content, Valista Ltd. has signed a marketing and technology deal with IBM Corp. that it says will help it recruit its first major North American client since America Online Inc. The unnamed telecom operator, currently a client …

Addressing a longstanding complaint of independent sales organizations and other nonbank acquirers, MasterCard International has published its operating rules for what the card company calls member service providers. MasterCard says the 291-page document, entitled “Member Service Provider Rules Manual,” is now available free, and has posted a PDF for download. …

Chase Merchant Services LLC has launched a processing and consulting arm aimed at helping billers set up and manage bill-payment services. In a press briefing today, Chase executives stressed the new service, called BillPay Recurring Biller Solutions, would embrace cards as well as alternative payment types such as the automated …