Technology

The college crowd isn't as hip with credit card issuers these days.

While many consumers may not know what near-field communication is, the services it enables are becoming quite popular, putting an onus on mobile payments projects in regions as varied as North America, Germany and Turkey to move beyond tech and revenue disputes to deliver a workable model for point of sale transactions executed by smartphones.

PayPal revolutionized how consumers pay for goods online. It's not about to be usurped by the mobile payments movement.

In an analysis of email-based fraud released in late June, network giant Cisco quantified what newspaper headlines over the past year have made clear: cyberfraud has shifted from mass, generalized attacks to very specific spearphishing hits that harness stolen user information to dupe unwitting consumers (such as bank customers and credit and debit cardholders) into divulging account information.

Bank of Ireland is rolling out what it claims is the first contactless Visa debit card from an Irish bank.

EBay Inc. is building on the mobile payments strategy of its PayPal unit with its $240 million deal to buy Zong Inc., a company that lets consumers charge purchases of digital goods to their wireless phone bills.

Nationstar Mortgage is not liable under the Fair Debt Collection Practices Act (FDCPA) for a class action lawsuit that claims the company mailed several hundred thousand deceptive letters to Texas homeowners, according to U.S. District Judge Xavier Rodriguez in San Antonio.

TransUnion plans sell up to $325 million in stock in an initial public offering. In a filing with the Securities and Exchange Commission on Tuesday, the Chicago-based company said it plans to use the proceeds to reduce “a substantial amount of indebtedness” and for general corporate purposes.

Anyone who owns a smart phone knows new apps and program updates are posted every day and even the handsets themselves evolve every year or so.

As a growing number of United Kingdom-based merchants adopt contactless payment technology as part of a broad regional effort leading up to the 2012 Olympic Games, specific retailers are seeing the technology’s benefits.