Merchant

The recent turmoil in the financial markets has not yet altered banks’ immediate technology spending plans, Jack Henry & Associates Inc.’s top executive says.

Credit card delinquencies fell to their lowest mark in 17 years in the second quarter, the sixth consecutive quarterly decline, as consumers remained cautious about taking on more debt and issuers held on to their conservative approach to lending, according to TransUnion.

U.S. consumers sued an estimated 563 different collection agencies in the July 16-31 period, according to data pulled from U.S. District Courts. The half-month total is up from 539 in the July 1-15 period but down from 634 in June's second half.

Starbucks Corp. changed its mind about allowing a customer to share his prepaid card with the world.

Isis, the telecommunication consortium intent on offering a mobile-payment scheme, is building out a wider range of mobile-wallet capabilities to keep up with its aggressive rival, Google Inc.

Google Inc.’s Aug. 15 announcement of an agreement to acquire Motorola Mobility Holdings strengthens Google’s position in mobile payments, one observer says.

When Pago Mobile Inc. launched its mobile wallet with 53 merchants in Mountain View, Calif., last week, initial industry reaction focused on the smaller payments-application company venturing into turf more commonly associated with Google Inc. in northern California.

Closing out the tab in a busy restaurant or bar just got easier with the help of a mobile-payments application appropriately called “Tabbedout” from ATX Innovation Inc.

A former waiter at a TGI Friday’s restaurant in Maryland has been indicted on 16 counts of identity theft, theft and conspiracy to commit theft in a credit card skimming scheme that prosecutors say affected 73 individuals.

Payments-software provider Distra Pty. Ltd. of Sydney, Australia, is hiring a U.S.-based staff and has opened an office in Atlanta, the company announced recently.