Fintech

Next year could be a “transition” year in which consumer deleveraging slows significantly and borrowing improves, spurring credit card market growth.

Payment Card Industry data-security standards continue to fail merchants in their most vulnerable hour, as one restaurant chain might have prevented a credit card fraud scheme if it equipped its payments systems better to address third-party intrusions, a security expert contends.

Direct-to-carrier billers believe they have a calling, especially among consumers wanting to make secure small-ticket transactions.

The silence is almost deafening.

WISeKey S.A. and The Bancorp Inc. are hoping to give greater peace of mind to customers who conduct transactions online.

Though the mobile-payments market is still nascent, the early successes seem to be those developed by technology companies and mobile-phone carriers–not banks. A new product from Sequent Software Inc. might level the playing field.

Credit-union members spent 8.1% more and made 10.1% more transactions during this year’s Black Friday than they did on the same day last year, according to a new analysis conducted by Co-op Financial Services and Saylent Technologies, a provider of payment-intelligence services.

Delhi’s commuters will have to wait a bit longer for a prepaid, multiuse transit card because of bureaucratic and administrative delays, an official close to the project tells PaymentsSource.

Isis, still almost a year away from launching its mobile-payments application, is partnering with an industry heavyweight to serve as the security guard for its wallet.

Wells Fargo & Co. has long been an early adopter of new ATM technology–it was the first bank to convert paper check deposits to images and last year became the first bank to allow simultaneous "mixed media" deposits of cash and checks.