Fintech

BankSimple.com has entered into a partnership with TxVia Inc. for processing debit card, online bill payment, and automated clearinghouse transactions, the New York-based companies announced March 22.

Discover Financial Services has benefited from making fewer bad loans, but much of its growth actually may come from products other than credit, according to executives at the company.

Payments industry experts are volunteering to establish best-practice recommendations for integrated payments through ATMs in conjunction with the ATM Integrated Payments Standards Forum organized by the ATM Industry Association’s International Payments Forum, the association announced March 22.

IP Commerce Inc. will use Retail Decision Ltd.’s fraud-prevention service to help small merchants and application developers combat card-not-present fraud, the London-based card-fraud prevention and payment-processing company announced March 22.

WESTON, Fla.–Independent sales organizations, concerned about how proposed new debit-interchange rules may affect their operations, are gearing up for changes in the ISO landscape even as experts say it is too soon to know the shape those changes ultimately might take.

Manchester, N.H.-based Bellwether Community CU has rolled out a new mobile banking service provided by NCR Corp., one of the first credit unions to use the NCR mobile banking solution.

Accertify has launched Accertify Chargeback Service, a comprehensive charge-back management platform designed to help merchants save time, cut operational costs and retain revenue, the transaction-screening services provider announced March 23.

The average charge-off rate on U.S. consumer credit cards inched upward in February, ending a streak of five consecutive months of declines. But the uptick is the result of “seasonal patterns” and is unlikely to affect the general trend of improving card-portfolio health, according to Moody’s Investors Service.

Continued improvement in Discover Financial Services’ card portfolio driven by higher Pulse, Diners Club and third-party issuer volume helped the payments company generate net income of $465 million for the fiscal first quarter ended Feb. 28, the card company reported Tuesday. Discover reported a $104 million loss for the same period last year.

The National Payments Corp. of India later this year will launch a domestic payment card scheme that will compete with China UnionPay, Visa Inc. and MasterCard Worldwide for transaction volume in that country, a spokesperson for the state-owned company tells PaymentsSource.