Open Solutions to acquire Canada's Datawest Solutions

August 26, 2004

GLASTONBURY, Conn. - Open Solutions Inc. (NASDAQ: OPEN), a provider of integrated data processing technologies for banks and credit unions, has reached an…

Fiserv, ICBA Bancard extend marketing agreement

August 24, 2004

BROOKFIELD, Wis. - Fiserv, Inc.'s (Nasdaq: FISV) EFT/CNS unit has signed a seven-year extension of a joint marketing agreement with ICBA Bancard, the…

Midwestern processor chooses Postilion for ATM, debit services

August 23, 2004

DEERFIELD BEACH, Fla. - Central Technology Services (CTS), based in Jefferson City, Mo., has chosen Mosaic Software's Postilion software to provide ATM driving…

Metavante to drive new services for Volkswagen Bank USA

August 16, 2004

MILWAUKEE, Wis. - Volkswagen Bank USA, a wholly owned subsidiary of VW Credit, Inc., has signed a long-term agreement with Metavante Corporation, the financial…

Transaction processing is going global

August 15, 2004

Royal Bank of Scotland Group plc's decision to buy privately owned merchant acquirer and processor Lynk Systems of Atlanta for $525 million provides proof that…

TD Bank outsources ATM network to HP Canada

August 12, 2004

TORONTO - Hewlett-Packard Canada has won a $420 million (U.S. $318.5 million) outsourcing contract to upgrade and manage TD Bank's network of ATMs and its ATM…

Two companies team to offer volume testing of transaction processing systems

August 12, 2004

DEARBORN, Mich. - Paragon Data Services and Paragon Application Systems are working together to offer services that volume test transaction processing systems…

eFunds earns $9.4M in '04's 2Q

August 3, 2004

SCOTTSDALE, Ariz. - eFunds Corporation (NYSE: EFD) reported second quarter net income of $9.4 million, or 19 cents per diluted share, compared with net income…

Royal Bank of Scotland to buy Lynk Systems for $525M

August 3, 2004

ATLANTA - Lynk Systems has reached an agreement to be acquired by The Royal Bank of Scotland Group plc, one of the largest financial institutions in the world…

Fiserv extends EFT agreements with 2 FIs

August 2, 2004

BROOKFIELD, Wis. - Fiserv, Inc.'s (Nasdaq: FISV)  EFT/CNS unit has extended its EFT processing agreements with two financial institutions in the Northeast.

Euronet earns $4.4M in '04's 2Q

July 27, 2004

LEAWOOD, Kan. - Euronet Worldwide (Nasdaq: EEFT) reported earnings of $4.4 million, or 13 cents a share, for the quarter that ended June 30. That compares with…

Fiserv transaction volumes rise 18% in first half of '04

July 25, 2004

BROOKFIELD, Wis. - Fiserv, Inc. (Nasdaq:FISV) says that its Fiserv EFT/CNS business unit experienced record-setting EFT transaction volume and double-digit…

TNS accepting live chip transactions in UK following pilot

July 21, 2004

LONDON - Transaction Network Services (TNS) has rolled out an end-to-end EMV transaction processing and authorization solution following a six-week pilot which…

Fiserv tallies earnings of 48 cents EPS in 2Q '04

July 21, 2004

BROOKFIELD, Wis. - Fiserv, Inc. (Nasdaq: FISV) said its processing and services revenues were $855.9 million in 2004's second quarter, a 33 percent increase…

Euronet acquires Texas prepaid provider

July 21, 2004

LEAWOOD, Kan. - PaySpot, Inc., a subsidiary of Euronet Worldwide, Inc. (Nasdaq: EEFT) that provides prepaid services in the United States, has acquired Call…

First Data's 2Q '04 earnings up 15%

July 20, 2004

DENVER - First Data Corp. reported second-quarter earnings that were in line with Wall Street estimates. Quarterly earnings rose 15 percent to $466 million, or…

Dime Savings Bank outsources core, ATM processing to Fidelity

July 18, 2004

JACKSONVILLE, Fla. - The Dime Savings Bank of Williamsburgh, a subsidiary of Dime Community Bancshares Inc. (Nasdaq: DCOM - News), has signed a six-year…

Networks strive to unify PED standards

by Sherry Yang

July 13, 2004

The ATM industry's latest network requirement is that the PIN-entry devices (PED) on newly purchased ATMs be approved by one of three independent…

Java-friendly BASE24 makes market impact

by Sherry Yang

July 13, 2004

Three hundred and twenty customers, including 86 of the top 500 U.S. banks and 24 of the top 100 U.S. retailers, use ACI Worldwide's BASE24 transaction…

ISO suppliers feel impact of consolidation

July 6, 2004

It's not just ISOs that are impacted by the consolidation of the retail ATM business. Vendors that serve them are finding their portions of the ATM pie…