Technology

Telefónica O2 UK Ltd. is adding its name to a growing list of wireless carriers planning to launch Near Field Communication initiatives to enable consumers to use their smartphones to initiate payment at the point of sale.

U.S. credit cardholders boosted their overall borrowing in December for the first time in more than two years, according to a Feb. 7 Federal Reserve G.19 report. But card issuers should not break out the champagne just yet, analysts say.

U.S. credit cardholders boosted their overall borrowing in December for the first time in more than two years, according to a Feb. 7 Federal Reserve G.19 report. But card issuers should not break out the champagne just yet, analysts say.

Fidelity National Information Services Inc., or FIS, says demand is picking up for core processing upgrades, contradicting a report last week from rival Fiserv Inc., company executives said during a Feb. 8 conference call to discuss earnings.

French bank Crédit Agricole SA has selected Gemalto NV to support its deployment of Near Field Communication mobile-payment services in Nice, the France-based technology provider announced Feb. 8.

Technology is driving down the rate of fraud for banks, though the cost to consumers for identity theft crimes is going up.

Maas Global Solutions Corp. has become the exclusive processor for Pride Payments Network LLC after making a “significant investment” in the merchant acquiring independent sales organization, the companies announced Feb. 5

Two apps are better than one when launching mobile check-deposit services, at least for now, some banks say.

Lakshmi Vilas Bank Pvt. bank has become the 10th bank in India to launch the Internet Mobile Payment Service in India, a spokesperson for the Karur-based bank tells PaymentsSource.

Total System Services Inc., or TSYS, has entered into an agreement with Cassis International Pte. Ltd. to provide secure mobile-payment, loyalty and commerce functionality for NFC payments, the companies announced Feb. 7.