Technology

Consumer loan delinquencies dropped to their lowest mark in nearly six years during the second quarter as households favored debt service over spending increases, according to the American Bankers Association.

As new mobile-wallet systems appear and old ones fade, many are asking who will win the “mobile wallet wars.” According to the mobile-pay venture Isis, there may never be a clear winner.

Travelocity is using software tools from Jumio to accept card payments in its lastminute.com hotel deals app.

Prosper Marketplace, the online peer-to-peer loan facilitator, announced Oct. 3 that it hired Josh Tonderys, a former executive at Barclaycard US, to be its chief risk officer.

Investors and payment-industry participants declared the recent partnership between Discover Financial Services and PayPal Inc. a game-changer in payments. But will consumers agree?

Social media-based payments technology continues to gain traction as processing provider E2E Payments announced it will include social payment startup Buyvite as one of the payment options in its network, alongside traditional credit card, virtual terminals, mobile and other payments products.

Payments industry participants are stepping up to help nonprofits and NGOs improve their ability to collect and distribute donations around the world.

Everyone seems to want the success that Square has in the mobile payments marketplace, and Amazon appears to be the next in line to join the device fray.

The battle over interchange fees moves to its next phase Tuesday when a federal judge hears complaints from merchants that the Federal Reserve’s cap on the fees not go far enough.

Because Google Inc. stubbed its public relations toe earlier this year when a security firm “hacker” was able to gain access to the Google Wallet’s secure element in a smartphone and steal or wipe out PINs, it was no surprise the company made the leap to store card data in the cloud.