Technology

The U.S. may lag other countries in mobile-payment availability and use, but the rate of activity surprisingly is high, new survey data suggest.

As potential buyers kick the tires of a few big credit card portfolios on the block, the issuers’ private-label card operations for the first time in years could be an advantage, instead of a drag, thanks to changes in the economy and in industry regulations, observers say.

Mitek Systems Inc., a provider of remote-deposit check capture, has ridden the wave of mobile banking to an eight-fold increase in its stock price and a relisting of its shares this week.

The former Cannabis Medical Solutions Inc. has turned over a new leaf.

In the latest phase of Citi’s efforts to hire leaders from the retail world (including Tracey Weber from Travelocity and Frank Eliason from Comcast), the bank has hired Omar Khan, CTO at Samsung Mobile, to head mobile initiatives on a global basis. Khan is said to have led Samsung’s moves into the Android space.

Who can blame consumers for not equating "mobile payments" with "security?"

Many consumers don't know what Near Field Communication is, but the services the technology enables are becoming quite popular. That puts an onus on mobile payments projects that use NFC to move beyond disputes over revenue and other issues.

A flatter yield curve during the period likely added to pressure on bank net interest margins, which have been drifting down since a recent high early last year.

Wikileaks supporters briefly regained access to Visa Inc.’s payment gateway in a series of rapid midweek developments, but by July 8 the gateway closed again, observers say.

In the first three months of the year, more consumers had trouble paying down their credit cards and other debts, largely because of higher food and gas prices, according to an industry report released Thursday.