Technology

Ukash’s partnership with 3V Transaction Services Ltd. to enable consumers to purchase event tickets for the London 2012 Olympics using a Visa-branded virtual prepaid card is part of a company initiative to become a prepaid debit card reload network in Europe, according to CEO David Hunter.

Credit quality is improving for Capital One Financial Corp., but the bank and card issuer expects loan growth to continue to be slow as competition for new customers intensifies.

Improving economic trends that significantly lowered its credit card charge-offs and reduced its provision for losses helped card issuer and loyalty-services provider Alliance Data Systems Corp. to report a sharp rise in first-quarter profits.

A Pennsylvania woman filed a federal lawsuit Wednesday against Target Corp. and its law firm over the department store's collection practices, claiming false affidavits were used to go after customers who allegedly owed money to a subsidiary bank that issues the store's credit cards.

Significant improvement in consumer credit helped Wells Fargo & Co. to cross-sell a record of combined products per household during the first quarter, the company announced April 20.

Payment-terminal software applications are poised to play a significant role in the Near Field Communication payment ecosystem.

The National Payments Corp. of India plans to link Rupay, India’s soon-to-be-launched domestic payment card scheme, with the country’s Aadhaar resident-identification program.

The Republic of Botswana’s First National Bank has launched a mobile wallet for its customers in the African country, a spokesperson for the bank tells PaymentsSource.

WASHINGTON — As Congress continues to struggle over whether to delay a pending Federal Reserve Board plan to cap interchange fees for debit cards, a key question remains unresolved: How far is the central bank prepared to go on its own to modify the rule?

Sears Holding Corp.’s Kmart department stores have begun offering an improved version of Western Union Co.’s walk-in bill payment service.