Technology

One of the most significant challenges to widespread adoption of Near Field Communication-enabled mobile payments has been determining how the card brands, issuers, mobile operators and handset manufacturers will divvy up transaction revenues.

To help distribute its Serve digital payment and wallet service, American Express Co. on Aug. 1 announced a deal in which Verizon Wireless will integrate the platform into many of its mobile phones and tablets.

While big U.S. banks look safer than they did last fall, credit-default swap spreads illuminate how the market has been drawing distinctions between the largest institutions.

Business lending has been a lonely source of recent growth for banks, and already it's coming under scrutiny for signs of a bubble in the making.

State Bank of India Ltd. on July 28 became the first card issuer in the country to announce plans to convert its entire portfolio of magnetic stripe credit cards to EMV chip-and-PIN formats.

While the media, analysts and other industry observers all devote enormous amounts of time and attention to mobile banking and mobile payment developments, of which there seem to be new several new ones each day, there’s a quieter channel change going on that’s received little attention. That is the growth in online banking.

Chief executives from the country's largest banks sent a letter to the White House and Congress Thursday urging them to reach an agreement this week to raise the debt ceiling.

Continued strong performance in European and Latin America markets, combined with expansion into Asia, helped provide Ingenico SA with a double-digit lift in revenue for the first half of 2011, the French terminal maker reported July 27.

New York mass-transit riders no longer will need a crystal ball to know how far their bus is from their stop under a service from VeriFone Systems Inc. that the Metropolitan Transportation Authority plans to launch in Staten Island later this year and eventually throughout the city.

Double-digit growth in funds-transfer revenue, transaction volume and agent locations helped create a significant boost in MoneyGram International Inc. second-quarter net income