Technology

For the 11th consecutive year, identity theft topped the Federal Trade Commission’s annual list of consumer complaints. Credit cards ranked 10th in 2010, according to the FTC, which released the list March 8.

Consumers in India might have to pay fees if they want to manage their bank accounts through their mobile phones, according to a Reserve Bank of India official.

Competition to secure merchant users of mobile payment-acceptance services is on the rise. As a result, many companies have begun offering various options to appeal to small merchants.

DimpleDough Inc. is partnering with TxVia Inc. to provide TxVia with a prepaid-management service it can offer its customers, DimpleDough announced March 8.

CHS Inc., a diversified energy, grains and food company, plans to use Comdata Corp.’s Smart Solutions point-of-sale systems at its 1,400 convenience stores nationwide that operate under the Cenex brand, the companies announced March 10.

WASHINGTON – U.S. Public Interest Group, the leading consumer lobby in Congress, called on the Fed to maintain course and reduce fees on debit transactions while opening the cards market to greater competition.

Tanla Solutions Ltd. has launched a set of programming tools to allow micropayments within smartphone applications.

VeriFone Systems Inc. is taking off its gloves in the battle for mobile payment acceptance, claiming rival Square Inc.'s device can be adapted to use for fraud.

Regions Financial Corp. has updated its mobile banking capabilities to enable customers to transfer funds among internal accounts, pay bills and receive text alerts about balances and other details.

PHOENIX–Consumer preferences for paying by credit or debit card typically are too deeply entrenched for merchants and banks to succeed easily in steering customers to one or the other option for financial reasons, one banking industry analyst contends.