Technology

Global Cash Access Holdings Inc.’s revenue and net income continued to decline in the third quarter as a result of losing its largest customer, Harrah’s Entertainment, late in 2010, the company announced Nov. 9.

Continuing a trend that started last summer, Dwolla Corp. has added two more credit unions that will offer customers easier access to Dwolla mobile-payment accounts through their online-banking programs, the mobile-pay startup announced Nov. 8.

Mobile Money Network has landed a major retailer to participate in the initial phase of a mobile-payment software application launch that will enable United Kingdom consumers to purchase products for home delivery from any location by typing a product code into their phones, the London-based mobile commerce company announced Nov. 4.

The Western Union Co. is moving forward with plans to expand its cross-border business-payments unit now that it has officially completed a deal to purchase a division of London-based Travelex Holdings Ltd.

Total consumer credit card borrowing dipped slightly in September while lenders’ credit card underwriting criteria remained in a holding pattern, according to new data the Federal Reserve Board released Nov. 7.

E-commerce provider Alibaba Group Ltd. reportedly is preparing to expand access to it Alipay online-payments platform to countries outside of China within the next three months.

People’s United Bank will use a mobile financial-services product suite from Fidelity National Information Services, or FIS, under a deal the companies announced Nov. 9

Online Resources Inc. on Nov. 8 reported a third quarter net loss of $1.7 million, or $0.05 per share, compared with a $700,000 loss, or $0.02 per share, during the same period last year.

PayPal Inc. has delivered on its promise to activate contactless payments for its mobile wallet.

LAS VEGAS—Established payment card networks are well-positioned to continue generating profits over the long haul, as long as they continue adapting to changing payments technology, a panel of investment industry analysts told attendees Nov. 3 at the ATM, Debit & Prepaid Forum. But Near Field Communication-based mobile payments and mobile wallets might fall short of expectations, the analysts suggested.