First Data to acquire Korean network service provider

October 19, 2005

SEOUL, South Korea - First Data Corp., a global leader in electronic commerce and payment services, has signed an agreement to acquire a majroity interest in…

SBC awarded contract with Calif.'s largest credit union

October 19, 2005

Business Journal (San Antonio): SBC Communications Inc. has inked a voice- and data-networking services contract with The Golden 1 Credit Union, the U.S.'s…

Infonox introduces new financial services suite at San Francisco show

October 18, 2005

SAN FRANCISCO - At the Self Service and Kiosk Show, Infonox, a leader in providing turnkey solutions for financial and non-financial services, introduced the…

MasterCard introduces account-management program suite

October 18, 2005

PURCHASE, N.Y. - MasterCard International is enhancing its Smart Data reporting and expense management suite by offering businesses the ability to manage…

3Q First Data revenue up, profit down

October 17, 2005

DENVER - First Data Corp. reported revenue of $2.7 billion for the third quarter of 2005, a 6 percent increase from the same period last year. The company's…

Banks gearing up to take gift card market share

October 17, 2005

ePaynews.com: Just 23 percent of all mid-sized banks offer gift or prepaid cards, and the percentage for smaller banks is even less, according to research from…

Automated Systems America signs with TNS

October 16, 2005

RESTON, Va. - Transaction Network Services Inc., provider of business-critical network and data communications services for transaction-oriented applications…

Asia Pay president, CEO steps down

October 16, 2005

NEW YORK - Asia Payment Systems Inc. has restructured its management team after the announcement that company president and chief executive officer Matt Mecke…

Euronet acquires Instreamline S.A. in Greece

October 11, 2005

LEAWOOD, Kan. - Euronet Worldwide's Greek subsidiary, Euronet EFT Services Hellas EPE, has acquired Instreamline S.A., according to a news release.

Relearning old tricks to reach unbanked consumers

by Tracy Kitten — Editor, AMC

October 11, 2005

Private investors and company executives are trying out products that reach the unbanked. Last month, the two met in San Francisco to talk about those products…

Metavante makes government move with deal for Link2Gov

October 11, 2005

Digital Transactions: Metavante Corp. is buying Link2Gov Corp., a 10-year-old payments processor for governmental agencies, utilities and healthcare. Terms of…

Wincor sells 120 ATMs to Kenyan ATM network

October 10, 2005

PADERBORN, Germany - PesaPoint, the first independent Kenyan ATM operator, has ordered 120 ProCash 1500xe ATMs from Wincor Nixdorf, according to a news…

ReD confirms interest in buying related business

October 10, 2005

Digital Transactions: In a statement released Oct. 7, Retail Decisions PLC confirmed it is seeking to buy an unnamed company "whose key activities are…

Australian banks agree to look at limiting withdrawals in pubs, clubs

October 9, 2005

ABC News Online: The Australian Bankers Association said last week it is happy to discuss limiting ATM withdrawals in pubs and clubs to help fight problem…

Open Solutions, Elan announce partnership

October 6, 2005

CRM Today: Open Solutions Inc., which provides integration-enabling technologies for community financial institutions across the United States and Canada, has…

Vital approves Checkgateway's processing module

October 6, 2005

PHOENIX - Checkgateway, a provider of electronic payment services, has received Class B approval from Vital Processing Services for its credit-card processing…

NCB awarded for best electronic banking services in Saudi Arabia

October 6, 2005

AME Info: The National Commercial Bank has won the Middle East award for the best bank in Electronic Banking Services in the Kingdom of Saudi Arabia for 2005.

Visa grants CardSystems an extension

October 5, 2005

The Green Sheet: Visa U.S.A. won't cut CardSystems Solutions Inc. from its network until Jan. 31, 2006. The three-month extension follows CyberSource Corp.'s…

First Data, Chase integrate merchant processing

October 5, 2005

NEW YORK - J. P. Morgan Chase & Co. and First Data Corp. have signed an agreement to integrate the companies' jointly owned Chase Merchant Services and…

Open Solutions Canada upgrades switching services

October 5, 2005

GLASTONBURY, Conn. - Open Solutions Canada, a business unit of Open Solutions Inc., is upgrading the provision of ATM and other financial transaction switching…