Beyond a recent press release, First Data Corp. hasn't made a huge public splash about its new payment terminal, the FD-100. Yet the terminal is not just a box that processes payment card transactions. It's an element of First Data's multipronged strategy to get more business from small and mid-sized …

A security expert says publicity about a hacker who was able to trick a cash dispenser into giving out four times as much cash as it debited may do some good in preventing this type of fraud. “I think awareness will go up because of this, and that's half the …

With its long-expected initial public offering of stock fast approaching, MasterCard Inc. reported strong results for the first quarter and indicated it expects its stock to sell for between $40 and $43 per share. It also named six new directors who will join its board of directors after it becomes …

Simon Property Group Inc. announced today it will install some 360 ATMs in 160 shopping malls it manages in 31 states. The machines, which are owned and operated by Bank of America, will be live by June in the malls' common areas, said Simon, the nation's largest owner and manager …

More banks are reissuing debit cards as suspect transactions pop up throughout the United States and other countries, according to media reports this week. Investigators believe many of the transactions could be related to a security breach at a merchant facility in California that happened late last year, but the …

Motorola Inc.'s new payment software for mobile phones, called M-Wallet, will begin commercial rollout within three to six months with wireless carriers, the Schaumburg, Ill.-based technology company tells Digital Transactions News. A test of M-Wallet is already in progress, officials say, though they can't give details. The company is in …

Accelitec Inc., a Seattle-based company that last year launched a contactless-payment system aimed at merchants rather than banks, says it is preparing for expansion this year by smoothing integration with existing merchant networks. The company's PayPilot product is in beta with an unidentified merchant, and officials say they expect to …

The banks that own MasterCard Inc. cleared the way today for the bank card network to offer stock to the public and to reconstitute its governing board. By an overwhelming margin in a special meeting of shareholders, MasterCard’s shareholders approved the company’s proposal for an initial public offering that will …

The rising interest among banks and Internet merchants in more robust methods to verify that online customers are who they say they are is helping drive business for a form of such verification known as knowledge-based authentication. Verid Inc., a 6-year-old supplier of KBA processing services, says its transaction volume, …

Special Report MasterCard Inc.'s proposed initial public stock offering would put 49% of the payment company's shares and more than 80% of the voting power in the hands of the public, potentially increasing the influence of aggrieved retailers who believe they currently get a raw deal in card pricing. MasterCard …