Technology

National Payment Card Association in June will begin marketing an open-loop decoupled debit card this summer, according to Joe Randazza, its chief executive.

Yespay International Ltd. has released its application programming interface specifications that merchants may use to integrate Yespay’s mobile-based services into their point-of-sale systems, the London-based payment-services provider announced on March 11.

WASHINGTON – Visa and MasterCard are telling their credit union and bank owners the uncertainty they will face over litigation costs for a pending antitrust case over the networks’ anti-steering provisions will continue indefinitely, even as the controversy escalates over the Federal Reserve’s proposed rules on debit fees.

Apple Inc. may not be building a contactless payment capability into its next iPhone.

TCF Financial Corp.'s William Cooper is rethinking his long-held belief that economies of scale don't matter in banking.

The number of personal bankruptcy filings in February rose to 102,686, up 11% from January but down 8% from a year earlier, according to the American Bankruptcy Institute and the National Bankruptcy Research Center.

China UnionPay has signed an acceptance agreement with US-based Citibank that will see UnionPay cards being accepted in seven other Asian nations, a spokesperson for China’s bankcard association confirms PaymentsSource.

A stock analyst on March 11 upgraded shares of Green Dot Corp., contending recent concerns over the prepaid card company’s regulatory risks are overblown.

American Express Co.’s plans to test an application program interface that connects its cardholders with social media giant Foursquare Labs Inc. creates a “powerful combination of digital behavior and spending behavior,” David Wolf, AmEx vice president of global marketing capabilities, tells PaymentsSource.

U.S. consumer credit card defaults declined again in January, reaching their lowest levels in more than two years as the economy gradually stabilized and more consumers were able to meet their payment obligations, according to new data from Fitch Ratings Inc. and Standard & Poor’s.