Technology

MasterCard Worldwide has appointed Ajay Bhalla president of DataCash Group PLC, the card brand announced May 17.

Credit unions and banks urged a federal appeals court in Sioux Falls, S.D., to act quickly to block the Federal Reserve’s implementation of debit card caps, which they insist will break thousands of credit unions or banks.

Dwolla Corp., an alternative payments provider, is developing technology to help banks cut fraud as they start allowing transactions from mobile devices — and also help them decide which mobile devices are worth investing in to begin with.

Wireless-network operator Orange continues to expand its reach in the payments sector with what it says is the United Kingdom’s first major contactless prepaid debit card.

Prepaid debit card providers might gain new customers by adding mobile remote deposit capture services because underbanked consumers see value in the technology, suggests new survey data.

Greylock Federal Credit Union of Pittsfield, Mass., is upgrading its ATM fleet to give the machines both physical access and communication-related elements for the visually impaired and those who have mobility handicaps.

Two more banks have signed up for Secure Vault Payments, according to eWise Systems USA Inc., the Denver-based company working with NACHA, the electronic payments association, to offer the technology.

Global shipments of handsets with Near Field Communication technology should increase to nearly 550 million units by 2015, helped by the decision earlier this month by three major U.S. wireless carriers to partner with leading credit card companies on a mobile-commerce initiative, according to new IHS iSuppli research.

PayCommerce Inc. has integrated its cloud-based payments platform for small to midsize businesses with commonly used business software, the company announced May 10.

The national mortgage delinquency rate (the rate of borrowers 60 or more days past due) decreased for the fifth consecutive quarter, dropping to 6.19% at the end of the first quarter, according to TransUnion.