Technology

JPMorgan Chase & Co. on Oct. 13 reported third quarter increases in both net income and sales volume for its Card Services unit, aided by continued reductions in charge-offs and delinquencies and by a rise in consumer card use.

U.S. consumers’ average credit scores fell two points during the third quarter ended Sept. 30, while the decline was sharper in certain regions in the South, according to new data Credit Karma released Oct. 13.

Bank card delinquencies fell 26 basis points to 3.62% of all accounts, the lowest mark since the first quarter of 2001 and far below the 15-year average of 3.93%, according to a report released last week by the American Bankers Association.

Cubic Corp. has launched an updated application that enables consumers in one German city to purchase public-transportation tickets using Apple Inc. iPhones, which display purchased tickets as barcodes scanned at turnstiles for entry, the transportation ticketing company announced Oct. 6.

Card-skimming attacks are on the rise this year as crooks devise relatively simple, inexpensive new ways to compromise payment terminals, the Payment Council Industry Security Standards Council’s top technology executive told attendees last week at SourceMedia Inc.’s ATM, Debit & Prepaid Forum.

Card-skimming attacks are on the rise this year as crooks devise relatively simple, inexpensive new ways to compromise payment terminals, the Payment Council Industry Security Standards Council’s top technology executive told attendees last week at SourceMedia Inc.’s ATM, Debit & Prepaid Forum.

Global Payments Inc. announced on Oct. 11 a major delay in upgrading U.S. merchants to a new authorization system.

Merchant acquirers once again will be able to offer merchants dynamic currency conversion on Visa Inc.’s network now that the card brand has ended a six-month moratorium on expanded use of such services.

Merchants wanting to integrate their transaction data into other business-management software have a new option.

In a ruling that will affect hundreds of credit unions, a federal judge agreed Friday to dismiss a suit by MShift claiming that Intuit Financial Services, formerly Digital Insight Corp., is infringing on its patent for mobile banking.