Fintech

To help simplify the payment of income taxes for its customers, HDFC Bank Ltd. has launched a tax-payment service on its ATM network, the India-based bank announced August 8.

One year following the implementation of Reg E – opt-in for debit card and ATM overdrafts – and 77% of checking account users have given consent.

The latest forecast of mobile payment growth, from U.K. research company Visiongain, calls for $150 billion in mobile-phone-generated payments to take place globally by the end of this year. This is significantly larger than the estimate Gartner came out with last month, which predicted that worldwide mobile payment volume would total $86.1 billion in 2011.

Responding to what it says is strong demand from corporate customers whose employees travel internationally, Citigroup Inc. on Aug. 11 announced the capability to equip domestic commercial cards with EMV chip-and PIN technology for use in markets outside the U.S. where chip-enabled cards prevail.

The Payment Card Industry Security Standards Council intends to clear up confusion regarding tokenization, a process designed to protect payment card security.

An Australian credit union in Illawarra is trying to recover after several hundred members were victimized by a card-skimming operation.

PORTSMOUTH, N.H. – CU awareness will be flying high here this weekend during the Service Credit Union Boston-Portsmouth Air Show at Pease International Airport.

Though Simple Finance Technology Corp.’s BankSimple has yet to launch, it is becoming an early adopter with the technology it uses to open accounts and vet new customers.

MasterCard has promoted Debra Janssen has been promoted to managing director of MasterCard's Access Prepaid Worldwide subsidiary.

The European Commission has decided to examine airlines’ increasing use of card surcharges they apply to credit and debit card purchases initiated online.