Technology

United Kingdom consumers are becoming more comfortable using contactless payments as banks such as Barclays PLC push the technology. But users of contactless payment want to see more retailer acceptance of the technology, new survey data suggest.

Representatives of 13 corporate credit unions and Co-op Financial Services have abandoned efforts to buy the payments functions from U.S. Central Federal Credit Union, the latest corporate initiative to fail, the representatives announced Sept. 2.

EFT Canada Inc. has completed its acquisition of the credit card gateway of privately held Linterna Technologies Ltd., the companies announced Sept. 2.

Growing use of its mobile payment services for banks increased Monitise PLC revenue for fiscal 2011, but the expense of developing new markets in Europe and Nigeria resulted in a pretax loss, the mobile-payments company said Sept. 1.

Large banks such as Bank of America Corp. and Wells Fargo & Co. have been working for years to build global payment “hubs,” or online-banking platforms their corporate customers may use to send and accept payments of different types and in foreign currencies to their customers and partners around the world.

More than half of U.S. consumers use at least two credit or debit cards each month for online purchases, and many are wary of the potential for fraud associated with online banking, a study security-software vendor AVG Technologies USA Inc. released Sept. 1 suggests.

The Federal Trade Commission is mailing more than 110,000 refund checks to consumers defrauded by an online operation that tricked payday loan applicants into paying for an unrelated debit card.

As Visa Inc. has been ramping up its promotion of one-time-use card data for security, Discover Financial Services is winding down its support of a similar technology.

First Data Corp. will make two Trusteer services available for its clients to help protect Internet banking and to enhance compliance with new federal guidelines for online security, Trusteer announced Aug. 31.

Adaptive Payments is entering an already crowded mobile-payment acceptance market with a device that enables merchants to accept PIN-debit transactions on smartphones using a method similar to the company’s e-commerce operation.