Technology

U.S. Bank’s launch of a mobile credit card application for iPhones could improve customer service for retail audiences, market observers say.

China is gearing up to form a new national mobile payment standard to streamline technology for operators and users, as well as optimize existing resources in the sector.

CHICAGO—Consumers will decide which mobile wallets they want to use and that is why financial institutions should participate in as many as possible, a Citigroup Inc. executive on Oct. 12 told attendees here at the BAI Retail Delivery conference.

With e-commerce becoming a bigger target for payment data theft, Global Payments Inc. intends to provide its online merchants with another set of fraud-detection tools.

PayPal Inc. is putting itself at nearly every possible point of a consumer's banking relationship – from account-opening to payments and even reward-redemption – through a series of new partnerships.

The number of homes that received a first-time default notice during the July to September quarter increased 14% compared to the second quarter, according to a report released Thursday by RealtyTrac Inc.

U.S. Congressman Jason Chaffetz (R-Utah) and Congressman Bill Owens (D-New York) today plan to introduce legislation aimed at repealing the debit card interchange rate-control provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the lawmakers announced.

Staking out its place in what may become a new competitive front in the ATM industry, NCR Corp. has inked a partnership with PayPal Inc. enabling person-to-person payments through ATMs, the company announced Oct. 12.

In a move that could speed up investors’ market moves, Airtel Ghana Ltd. has announced it is offering a new mobile funds-transfer service in collaboration with Databank Financial Services Ltd., a local stock-trading portal.

Despite sluggish economic growth and worrisome unemployment rates, certain indicators on the eve of payment card issuers releasing third-quarter results suggest credit and debit card purchase volumes remained relatively healthy through September, according to two new reports from New York-based equity firm Keefe, Bruyette & Woods.