Technology

U.S. Bancorp on Oct. 19 reported positive third-quarter earnings driven by increases in fee-based revenue, including higher payments-related income.

Google Inc. is entering the transit space through a partnership with the New Jersey Transit Agency, which will enable Google Wallet users to purchase tickets at select vending machines and ticket windows and pay fares on seven bus routes.

Data released this week by S&P Indices and Experian showed the only decrease in credit line default rates in September occurred in auto loans, which dipped to 1.29% from August's 1.31%.

Bank of America Corp. does not fear losing customers because of its controversial $5 monthly debit fee, Brian Moynihan, BofA chief executive officer, told analysts today.

New innovation in remote deposit capture is coming fast as banks move into mobile capture and combine automated check deposits with other mobile and Web-based financial services.

Consumers in the United Kingdom are concerned about security when considering using mobile-wallet payment systems, according to new research Intersperience Research Ltd. released Oct. 14.

The Federal Trade Commission stopped an operation that allegedly deceived consumers with misleading and unsubstantiated claims about bogus products and services, including one that supposedly would help them get free government grants and another pitching sham products - including credit cards.

Customers of PT Bank Mandiri and PT Bank Central Asia, two of Indonesia’s largest banks, will be able to access one another’s ATMs beginning next month, the banks announced Oct. 11.

Marketing analysts who say mobile access is the future of loyalty programs with retailers and restaurants are closely watching to see how consumers respond to new mobile apps linking card purchases to rewards credits.

WASHINGTON — One day after introduction of a bipartisan bill to repeal the new debit interchange cap, supporters of that cap struck back Oct. 13 by calling for an antitrust investigation into whether banks and trade groups are colluding on prices.