Technology

A duo of Michigan retirees continued to assault the federal courts with suits claiming lack of proper ATM disclosures, filing three more suits against credit unions in New Mexico last week – all on the same day.

Danal Inc.'s BilltoMobile is launching a payment service for e-commerce sites to route payments through the phone bills of more than 200 mobile carriers across 60 countries.

The prepaid card industry has an image problem.

PayPal Inc. is now connected to Microsoft Corp.’s Xbox 360 game consoles, a move that could spur growth in digital-game sales similar to what PayPal did for parent eBay Inc.’s marketplace a decade ago.

In concert with the release of new data indicating 40% of all payment cards and 71% of terminals worldwide now support the EMV standard, EMVCo LLC, the organization managing the EMV specifications, on May 20 released a new guide to help expand adoption of the chip-and-PIN technology.

In another sign that U.S. consumer credit card issuers are beginning to see some new-account growth following the recession, Equifax Inc. on May 20 reported new bankcard accounts in February were up 28% compared with a year earlier.

CHICAGO–Evolving mobile technology is leading payment companies to develop new business models to capture revenue in a market many observers believe soon will offer enormous opportunities, executives said here May 20 during a panel discussion at the Federal Reserve Bank of Chicago’s annual conference.

Minnesota Attorney General Lori Swanson’s office on May 20 sued debt collection giant Encore Capital Group Inc. for allegedly using fraudulent “robo-signed” affidavits in lawsuits against consumers.

U.S. banks and payments companies are attracted to China’s explosive population growth and surging economy, but the country’s regulatory climate makes the market a wild card.

The amount of online payment fraud occurring in the airline-booking industry is dropping, new research suggests.