Technology

TMG Financial Services said it experienced credit card portfolio growth last year, both organically and through portfolio purchases.

North Alabama Bank will use ACH Federal’s automated clearinghouse processing services to support its business customers, ACH Federal announced Jan. 26.

Barclaycard and wireless-network operator Everything Everywhere Ltd. this summer plan to launch the United Kingdom’s first contactless mobile-payment system, the companies announced Jan. 27.

For the second consecutive year, North American online merchants improved their fraud-management performance, demonstrating they can counter crooks’ efforts when using appropriate fraud-prevention systems, new research suggests.

NuVision Networks Corp. has upgraded its campus card program suite to enable students and faculty to order from participating local shops online using their card’s closed-loop prepaid account, the company announced Jan. 25.

Mobile banking in rural India received a huge push this month with the country’s two biggest banks signing agreements with the two largest mobile-network operators in India for the launch of mobile platforms designed to bring banking services to more consumers.

A panel within the Reserve Bank of India formed in April has released recommendations for fighting ATM, POS and online fraud.

The percentage of outstanding balances that credit cardholders pay off each month surged last year — a favorable sign for loan performance that mirrored plummeting chargeoffs but that now stands as an obstacle to portfolio growth.

RoyalBank has added Compass Plus’ TranzWare service to support the launch of an in-house transaction-processing center at the bank, the retail banking software provider announced Jan. 25.

A fresh round of Apple Inc. rumors indicates the technology giant will include Near Field Communication in the next versions of its iPhone and iPad. And while the technology continues to stay atop the leaderboard as the payments industry’s ideal mobile-payments method, at least one observer believes barcode technology ultimately will prevail.