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Merchant processor Encore Payment Systems is using Vasco Data Security International Inc.'s two-factor authentication software to secure the network connection the company uses to retrieve such data as merchant and business partners' contact information and employee records.

On Track Innovations Ltd. announced today it will supply contactless readers to the ERG Group for transit-payment use with the Utah Transit Authority.

Shoreline Business Solutions Inc., a payment card provider, has hired Robert Patenaude as senior business development manager and William Caldwell as southeast regional sales manager.

Merchant e-Solutions Inc., a payment processor, today announced it will provide gateway service, a processing platform and a Web-based reporting system for GreenBank USA.

The Federal Reserve announced today that it was keeping the federal funds rate, the interest that banks charge each other, at 2%.

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