Merchant

A Baby Boomer who has banked with the same small financial institution for more than 37 years hardly fits the mobile profile. But look below the surface and this mom is actually a prime candidate.

MasterCard Inc. and PayPal have positioned themselves as companies with “the best current opportunities in the payment space,” according to Morningstar Financial Services.

When Isis launched its mobile wallet nationwide in November, it also launched a new interface. PaymentsSource journalists give their first impressions of the new payments method.

Both the credit card delinquency rate (the ratio of borrowers 90 days or more delinquent on their general purpose credit cards) and the average credit card debt per borrower dropped on a yearly basis in the third quarter ended September 30, according to credit reporting agency TransUnion.

If consumers were worried about a government shutdown or stalled debt ceiling talks affecting the economy, they didn’t show it by holding off on credit card spending in October, a First Data Corp. report indicates.

Wearable identity and authentication startup Bionym released software development kit documentation and an online forum to get developers coding apps for its forthcoming wristband, called Nymi, on Monday.

The Amazon Coins digital currency is now available for consumers in the U.K. and Germany to buy mobile applications and make in-app purchases on the Kindle Fire tablet and on Amazon.com Inc.'s regional app stores.

U.S. residential properties sold at an estimated annualized pace of 5,649,965, a 2% increase from the previous month and up 13% from October 2012, according to RealtyTrac.

Mobile point of sale terminals are projected to reach 46% market penetration by 2017, up from the 17% share of the point of sale terminal market that mobile systems held in 2012, according to a whitepaper by Mobey Forum.

The number of credit cards issued by banks and retailers hit five-year highs between January and August, according to the latest Equifax National Consumer Credit Trends Report.