Technology

The recession continues to have a firm grip on U.S. credit cardholders as fewer Baby Boomers own premium cards and consumers of all ages are more likely to carry decreased balances or no balances at all, a new survey report indicates.

The Payment Card Industry Security Standards Council has set Aug. 29 as its deadline for gathering suggestions from participating organizations for security compliance topics that need further study.

Square Inc.’s mobile card reader is under fire again for its security.

Online Resources Corp.'s second-quarter revenue grew 5.4% year-over-year, to $38.3 million, from higher sales of e-commerce services.

Since 13-fold growth in business activity inside of a year is almost never wrong, Bank of New Zealand developed an Android app after Android visits to its mobile web browser spiked explosively in recent months.

FICO, provider of the ubiquitous credit scores, said this week fiscal third quarter net increased almost 30% to $23.2 million, despite a 3% drop in revenues.

Online Resources Corp.’s second-quarter revenue grew 5.4% year-over-year, to $38.3 million, from higher sales of e-commerce services, the company announced Aug. 4.

CorFire is working to show it is ready to make a name for itself in mobile payments.

Consumers filed an estimated 524 consumer statute lawsuits in the first half of July, down from 567 in the second half of June.

In what it is calling a return to decades-old marketing tactics combined with new technology, credit-score giant FICO this week introduced a product designed to target credit card customer prospects more effectively in a sluggish market.