Fintech

Littlewoods Europe’s addition of Optimal Payments PLC’s Neteller’s e-wallet as an accepted payment method will help protect customers against card-not-present fraud because they will not have to enter their financial or personal information when making an online purchase, according to the United Kingdom-based online retailer, which announced the service March 15.

Bengaluru Metro Rail Corp. on March 16 launched a prototype of the contactless smart card the subway network for the Indian city of Bengaluru will use starting Apr 4, a spokesperson for the agency tells PaymentsSource.

Consumers doubt they will benefit from lower debit fees, according to a recent survey, even as the Federal Reserve is poised to direct lower interchange charged merchants by credit unions and banks.

The National Payments Corp. of India has informed banks that it will charge remitting institutions 0.1 rupees (0.002 U.S. cents or 0.0015 euros) for every mobile transaction that flows through the interbank funds-transfer service it launched last year, the company announced March 14.

India Post, the country’s state-owned postal service, has begun enabling customers to conduct and pay for postal services online, a spokesperson for the agency tells PaymentsSource.

Many small businesses that do not use mobile bill-payment services are unlikely to use them in the near future, new survey data suggest.

Online Resources Corp. is taking a less-is-more approach, consolidating many of the platforms bankers rely on after a series of poorly executed acquisitions gave it a hodgepodge of overlapping software.

As several banks test consumer response to higher ATM fees, the evidence is growing that financial institutions are getting bolder about exploring new sources of revenue as other channels threaten to dry up.

Online Resources Corp.'s shares fell more than 30% Wednesday morning after the banking technology vendor announced it turned its back on an unsolicited acquisition bid and reported a disappointing first-quarter earnings forecast.

WASHINGTON – Credit union and bank lobbyists hope to convince senators who voted overwhelmingly for last year’s Durbin amendment on debit interchange and may have buyer’s remorse to change their vote and approve a proposed delay.