Technology

Intrust Bank will use credit card processing, loyalty, merchant processing and other services from Fidelity National Information Services Inc., the Jacksonville, Fla., technology vendor said Wednesday.

VeriFone Systems Inc. is getting a marketing boost for its iPhone payment card reader through a new partnership with the Atlanta processor Elavon.

Near Field Communication will outlast other mobile-payment technologies such as microSD cards and two-dimensional barcodes, observers contacted by PaymentsSource generally agree.

PayPal Inc.’s Oct. 26 announcement that its transactions would be integrated into VeriFone Systems Inc.’s mobile point-of-sale product after Jan. 1 is a clear sign PayPal wants to move beyond e-commerce transactions, observers say (see story).

Thirty-two Rhode Island government organizations will use payment-processing services from Point & Pay LLC integrated into Opal Data Technologies Inc. software, Point & Pay announced Nov. 16.

Mobile-payments provider Zong Inc. has entered the Philippines market through partnership agreements with mobile carriers Globe Telecom Ltd. and Smart Communications Ltd., the U.S.-based company announced Nov. 17.

With fewer borrowers delinquent on one or more accounts, U.S. consumers' credit risk level dropped in the third quarter ended Sept. 30 to a mark not seen since the first quarter of 2009, according to TransUnion's Credit Risk Index (CRI) released Wednesday.

Mitek Systems, fresh off some major wins for its mobile technology, announced yesterday it broke into the black for its fiscal fourth quarter to the tune of a $180,000 net, compared to a $328,000 loss for the fourth quarter last year.

Recent developments suggest 2011 will be the year that mobile payments take hold in the United States in a big way.

The 200 million wireless subscribers connected to AT&T Inc., T-Mobile USA Inc. and Verizon Communications Inc. may not be enough for the companies’ mobile payments joint venture to succeed; it still needs to attract large banks and merchants, one analyst says.