Technology

Diebold Inc. plans to provide more than 200 ATMs to Sovcombank Investment and Commercial Bank LLC, the company announced April 18.

The Obama administration announced Friday the release of a strategy to protect consumer and business identities in cyberspace.

The availability of NFC smartphones — an ingredient many say is necessary for mobile payments systems to take off — may be a less onerous problem by 2014, a report from Juniper Research said.

Early data indicate consumers survived the holidays with less financial distress than in the previous few years, and the average U.S. credit card charge-off rate for most major issuers remains on track to continue declining for at least the next few months, according to analysts at Moody’s Investors Service.

Citing increased international growth, Citigroup Inc. on April 18 reported an $864 million profit for its Citi-branded credit card operation for the first quarter ended March 31, up 397% from $174 million during the same period a year earlier.

Visa Europe is expressing dissatisfaction with last week’s General Court of the European Union’s decision to uphold the 10.2 million euro (US14.7 million or £8.7 million) fine imposed on the company for refusing to do business with a U.S. bank, saying it had already settled the dispute in 2006.

AisleBuyer LLC, a Boston company, is selling mobile software that enables a consumer to scan an image of a payment card and use it to pay for in-store and online purchases.

Corporation Bank Ltd. has launched a mobile wallet to enable its customers to make purchases with their mobile handsets, a spokesperson for the Mangalore-based bank tells PaymentsSource.

The Reserve Bank of India is asking the nation’s credit card issuers not to authorize payments to companies offering online foreign-exchange trading to the country’s citizens.

When calculating the biggest losers of the Durbin amendment’s cap on debit fee count among them Navy FCU, the nation’s largest credit union and seventh-largest issuer of Visa debit cards.