Technology

Credit card debt decreased 18% to $6,285 in August even as the Bureau of Labor Statistics reported a slightly lower year-over-year 9.1% unemployment rate for the month, according to Credit Karma's latest U.S. Credit Score Climate report.

Capital One Financial Corp. Chairman and Chief Executive Richard Fairbank says he believes the credit card business is headed for significant consolidation and that his company intends to be one of the industry's "endgame players."

S1 Corp.'s board advised the company's shareholders not to accept the exchange offer ACI Worldwide Inc. made in its hostile bid for the Norcross, Ga., bank technology vendor.

Fraudsters are increasingly using alternative payment methods to make bogus transactions, in many cases moving away from debit cards and checks, merchants report.

Demand from buyers of credit card portfolios owned by U.S. credit unions warmed somewhat during the first half of 2011 after hitting bottom last year, according to a Sept. 13 report from TRK Advisors.

Acculynk Inc. is beginning to test the international market with PaySecure, its Internet PIN-debit product, and has inked an agreement with Evertec Inc. in Puerto Rico.

In a move designed to streamline cross-border funds-transfers in the South Pacific, mobile funds-transfer service Vodafone MPAiSA Fiji on Sept. 9 announced new capabilities enabling consumers from Australia and New Zealand to send funds to anyone in Fiji with a Vodafone mobile phone.

An agreement with CRE Secure Payments LLC may help Global Payments Inc.’s online merchants cut Card Payment Industry Data Security Standard compliance processes and costs, the Atlanta, Ga.-based companies announced Sept. 12.

Building on its growing momentum in contactless payments, Bank of Montreal is rolling out the Mobile PayPass Tag, a Near Field Communication-enabled sticker that consumers can attach to their mobile phones to make contactless payments in Canada, the bank announced Sept. 13.

ACI Worldwide has launched ACI Enterprise Banker 7.6, which will be fully enabled for mobile banking.