Technology

Helped by strong transaction growth across all sectors, transaction processor Euronet Worldwide Inc. reported a healthy increase in third quarter revenue and positive adjusted cash earnings, the transaction processor announced Oct. 26.

CHICAGO–Google Inc., Isis and PayPal Inc. each are attempting to position their mobile wallets as the one consumers will prefer to use on their smartphones.

The nation’s largest credit card issuers in September reported significantly fewer charge-offs than a month earlier, driving the average bankcard charge-off rate to its lowest level since 2007, according to new data Moody’s Investors Service released Oct. 26.

Banks that stopped issuing credit cards during the recession are showing renewed interest in getting back into the business, signaling a positive trend that could bode well for payments processors next year, contends the top executive at Total Systems Services Inc., or TSYS.

Two new Blackberry devices are the first Subscriber Identity Module-based Near Field Communication smartphones to receive MasterCard Worldwide PayPass certification, Research In Motion Ltd. announced Oct. 26.

The Commonwealth Bank of Australia on Oct. 26 unveiled a mobile-payment platform to enable iPhone-owning customers to do online banking, instantly send funds to Facebook friends or to anyone’s email address or telephone number, and, with the use of a special cover, make contactless payments.

An increase in transaction volume and new accounts fueled a small increase in third quarter revenue for Total Systems Services Inc., or TSYS, the company announced Oct. 25.

Taking mobile payments to new heights, MasterCard Worldwide soon will conduct a test of contactless-based payments at 30,000 feet, enabling passengers to purchase refreshments using its contactless PayPass technology aboard planes from WestJet, a Calgary, Alberta-based airline.

CHICAGO–The mobile-commerce market is littered with various wallet models, acceptance devices and applications, and this is forcing merchant-service providers to seek out ways to bring the elements together to help retailers maximize the channel’s potential, notes one mobile-payments executive.

The Beijing branch of China Telecom Corp. Ltd. has begun enabling customers to make payments using their China UnionPay cards over its mobile network as part of a pilot that launched Oct. 20.