Technology

PayPal Inc.’s impending move into face-to-face transactions enabled by VeriFone Systems Inc. mobile point-of-sale terminals has the eBay unit developing a reseller program, Laura Chambers, PayPal senior director of mobile, tells PaymentsSource.

Why so many ISOs, acquirers, and point-of-sale software and hardware makers are excited about putting advanced mobile POS equipment into merchants’ hands is not difficult to grasp. Such systems may generate additional revenue not only from existing clients, but also possibly from merchants who previously could not or would not accept payment cards.

U.S. consumers’ average credit scores stabilized in recent months, as credit card debt fell by 7% through the first 10 months of the year, according to data Credit Karma released Wednesday.

More than half of the nation’s largest financial institutions offer mobile-banking services, which continue to evolve from being an extension of online banking to supporting person-to-person funds transfers and other payment capabilities, according to a new report from First Annapolis Consulting Inc.

USA Technologies Inc. generated $4.4 million in total revenue during its fiscal first quarter ended Sept. 30, up 15.8% from $3.8 million during the same period last year, the provider of wireless payment acceptance announced Nov. 10. The company reported a net loss for the quarter of $1.9 million, an improvement from the $2.9 million loss a year earlier.

Three foreign nationals were charged Nov. 10 in Seattle with using ATM skimmers to steal credit card information from dozens of credit union and bank customers and using counterfeit cards to steal as much as $400,000 from area ATMs.

NetSpend Holdings Inc. says it would not shy away from offering new credit products to its prepaid card customers despite regulators clamping down on its largest issuer.

U.S. consumers’ average credit card debt fell by 7% through the first 10 months of the year, while average credit scores in recent months stabilized, according to new data Credit Karma released Nov. 10.

A recent partnership involving PaymentVision and PayNearMe Inc. is enabling consumers to use cash to pay for online purchases and bills at 7-Eleven Inc. convenience stores, PaymentVision, a Gaithersburg, Md.-based electronic payment services provider, announced Nov. 8.

Convenience-store chain Sheetz Inc. is offering customers a Discover-branded affinity decoupled debit card powered by Tempo Payments Inc., the companies announced Nov. 10.