Credit card processor news | |||
Total System Shares Rise on 2Q Earnings Shares of credit-card payments processor Total System Services Inc. surged in afternoon trading Wednesday amid a broad market upswing after the company reported a 13 percent jump in second-quarter earnings. Total System Services 2Q Profit Up Total System Services Inc., a credit-card transaction processor, said Tuesday second-quarter profit grew 13 percent as revenue edged up. TSYS earnings up 13% in 2Q Phasing out one major customer in May and preparing to purge accounts of its largest client in October, credit-card and data processor TSYS said Tuesday it remains confident net income will grow sharply this year. Atos Origin to buy Belgian payment networks Banksys and Bank Card Company French IT services firm Atos Origin has signed an agreement to acquire Belgiums bank-owned payment proccessing networks, Banksys and Bank Card Company (BCC). Terms of the deal were not ... Labour & Employment In 2003, the U.S. Internal Revenue Service (IRS) first addressed the use of credit, debit and stored value cards as a means of reimbursing participants for their out-of-pocket eligible medical expenses under self-insured medical reimbursement plans in IRS Revenue Ruling 2003-43 (ruling). BofA Profit Beats Forecast on MBNA Deal Bank of America Corp., the second-largest U.S. bank, said Wednesday its acquisition of credit-card company MBNA Corp. helped lift second-quarter profit above Wall Street projections. Vormetric and Coalfire Systems Partner to Provide Half Day Workshops on the Payment Card Data Security Standard Vormetric, a leading provider of securitysolutions for protecting sensitive data from unauthorized access and PCIQualified Data Security Company (QDSC) Coalfire Systems, today announcedtheir educational workshop event Demystifying the (PCI) Digital Dozen:Compliance Strategies and Risk Mitigation. An identical morning andafternoon session will be offered. Sessions will take place at theEdgewater Synovus shares surge 6% on report Regional bankholding company Synovus Financial Corp. reported Wednesday a nearly 19 percent increase in its second-quarter earnings. FreeStar Technology Corp.s Subsidiary Rahaxi Processing Oy. to Market Hypercoms Optimum Point-of-Sale Terminals in FreeStar Technology Corp. (BULLETIN BOARD: FSRT) , an international card payments processor and technology company, today announced that its Finnish-based, wholly owned subsidiary, Rahaxi Processing Oy., has received the Finnish EMV certification required to sell Hypercoms Optimum T2100 card payment terminal (Hypercom Corp. NYSE: HYC) in Finland, and is commencing product sales immediately. Vormetric and Coalfire Systems Partner to Provide Half Day Workshops on the Payment Card Data Security Standard Vormetric, a leading provider of security solutions for protecting sensitive data from unauthorized access and PCI Qualified Data Security Company Coalfire Systems, today announced their educational workshop event Demystifying the Digital Dozen: Compliance Strategies and Risk Mitigation. | |||