Technology

Western Union Business Solutions has partnered with IndusInd Bank to offer payments technology to small and medium-sized businesses in India.

The Consumer Financial Protection Bureau released a report Tuesday on bank and credit union overdraft practices that raises concerns about whether the overdraft costs on consumer checking accounts can be anticipated and avoided.

Nacha, the electronic payments association, is working to get its members on board with faster processing to accommodate the growth of mobile and other electronic payments, though this would require a change to the association's rules.

Discover Financial Services' arrangement to facilitate in-store PayPal transactions across its network stands to serve as the biggest expansion of its ongoing strategy to serve as a multifaceted utility throughout the payments ecosystem.

Gravity Payments now allows PayPal card acceptance at about 10,000 merchants in Washington State.

Silicon Valley Community Foundation, a philanthropic organization, began accepting donations in ripple or XRP, the native digital currency of the Ripple network.

Text2Pay, a mobile billing application for online purchases, now allows merchants to accept Bitcoin, the decentralized virtual currency.

Payments serve as the base on which all other financial services can grow for unbanked consumers in low-income countries, says Elisabeth Rhyne, managing director of the non-profit Center for Financial Inclusion at Boston-based Accion.

Taco John’s, a West-Mex fast food chain, is launching the cloud-based FreedomPay Commerce Platform at more than 400 locations nationwide.

PayAnywhere will provide mobile credit card processing to Camp Masters, the popcorn brand sold by the Boy Scouts of America for fundraising.