Technology

In less than six months, MoBank Group has sparked plenty of interest among United Kingdom online retail merchants as they upgrade their websites for mobile commerce.

Credit card issuers may be able to target their marketing better through a new Equifax prospect-scoring model that identifies the consumers most likely to open an account.

A group of investors led by Yahoo co-founder Jerry Yang has agreed to invest $4.8 million in a Redwood City, Calif., payments network that lets people use retailers' gift cards to buy goods and services from other merchants.

Western Union Business Solutions now lets universities accept international students' tuition payments and fees in Indian rupees, The Western Union Co. unit announced July 17.

Visa and MasterCard, in a drive to tip the scales in favor of card issuers over merchants, have established policies over the years that have led to tens of billions in costs and losses through litigation settlements and legislation.

Commuters on New York’s busy Metro-North Railroad won’t have to wait in line to buy train tickets if a mobile-ticketing test taking place this summer proves to be successful for the conductors who check thousands of tickets a day.

LevelUp is eliminating one of the fees merchants pay to accept cards through its mobile-payment system, which uses QR codes to access pre-enrolled debit or credit cards when shopping.

The Olympics has long been a showcase for sponsor Visa Inc., but the card brand has much more at stake than usual at the 2012 London Olympics because of the mobile-payment initiative it plans to undertake during the event later this month.

A France-based firm that certifies handsets for Near Field Communication payment applications is betting heavily on the technology becoming the dominant mobile-payment standard.

Credit card debt nationally fell 8% to $5,576 since the beginning of the year, according to CreditKarma.com's U.S. Credit Score Climate Report for June.