Central Technology Services, the Jefferson, City, Mo.-based transaction-processing arm of Central Bancompany, says it will move its ATM-driving capability from its mainframe to a server-based system from Mosaic Software, Deerfield Beach, Fla. The software, which runs Microsoft Corp.'s Windows operating system, will handle ATM driving, transaction switching including intercept processing, …

Banks are getting set to unveil revamped fleets of ATMs equipped with the latest technology and able to perform a wide range of advanced transaction functions, such as truncation of check deposits. That's according to a new report from Needham, Mass.-based consultancy TowerGroup, which says large banks in the U.S. …

7-Eleven Inc., the nation's largest convenience-store chain, has acquired the ATM network deployed in its stores from American Express Co. for $44 million. The network connects some 5,483 machines in stores owned, franchised, and licensed by Dallas-based 7-Eleven. The acquisition positions the chain as a major player in electronic funds …

Retailers who object to current levels of interchange fees on electronic transactions often argue the levy forces them to charge consumers more for goods in their stores, driving up prices and penalizing customers. But a recent report out of Australia undercuts that argument. It finds that prices did not decline …

Card transactions based on radio-frequency technology got a major boost today with the rollout of MasterCard International's PayPass system to some 715 McDonald's Corp. restaurants in New York, Dallas, and Orlando, Fla. The stores will go live with PayPass later this year, MasterCard says, and an undisclosed number of further …

Pick 'n Save Metro Market, a supermarket in downtown Milwaukee, today began accepting transactions secured by Pay By Touch, a San Francisco-based company that authenticates payments through digital representations of customers' fingerprints. This development comes shortly after the announcement of a co-marketing agreement between Pay By Touch and Discover Financial …

With an increasing number of consumers checking credit card statements and paying bills online at credit card issuers' Web sites, Keynote Systems Inc., San Mateo, Calif., announced it will begin measuring the speed and reliability of nine sites as part of a benchmarking index. The company, which specializes in measuring …

As he prepares to take the reins from Dennis F. Lynch as president of the NYCE electronic funds network, Steven A. Rathgaber says the Montvale, N.J.-based network's acquisition by Milwaukee-based Metavante Corp. will help it weather what is probably the fiercest competition the online debit business has ever faced. “Dennis …

Defenders of interchange for electronic credit and debit transactions argue merchants are losing sight of the value interchange pays for. The subject of interchange has become hotly contested in the wake of lawsuits by retailers challenging it or aspects of it, and following recent interchange hikes by the bank card …

As transaction processors add services to their basic product, they put increasing pressure on gateway providers to differentiate themselves. One of the most ambitious strategies for differentiation is being pursued by Authorize.net Inc., acquired this spring for $82 million by Lightbridge Inc., a Burlington, Mass.-based provider of billing and fraud-management …