Technology

PayPal Inc. said its new mobile remote deposit capture feature is a hit among its mobile app users.

Merchants accepting payments via mobile phones experienced the highest card-not-present fraud volume in 2009, facing on average 3,385 attempts to commit fraudulent transactions each month, new research shows, suggesting the need for higher security as more merchants accept mobile payments.

A global relief organization and a local mobile-phone provider in Haiti recently completed a test of its Mobile Money funds-transfer project in which Haitians affected by the Jan. 12 earthquake used mobile phones to receive payment for work and to make purchases at a local grocery store.

East Japan Railway Co. during the first half of next year plans to offer a mobile fare-payment service for its network supported by mobile network carrier KDDI Corp.

Usage of mobile person-to-person payment services in Africa is expected to explode in the next five years, according to a new research report.

Wendy's/Arby's Group Inc., Beall's Inc. and Luby's Inc. have renewed multi-year card processing agreements with Fifth Third Processing Solutions LLC, the Cincinnati company said Wednesday.

Hypercom Corp. has withdrawn its lawsuit filed Sept. 23 against VeriFone Systems Inc. over allegations of violating a confidentiality agreement. The Scottsdale, Ariz.-based terminal maker announced the withdrawal virtually seconds after PaymentsSource reported the lawsuit in a bulletin (see story).

Consumers in the United States generally believe their credit card companies treat them fairly but anticipate some changes under the Credit CARD Act affecting their overall card usage, new research from New York-based management-consulting firm Auriemma Consulting Group suggests. Auriemma conducted the research through an online survey in August.

Trustwave, best known for testing and fixing payment-network vulnerabilities, believes the time is right to also offer a physical security-evaluation service.

U.S. Bancorp is teaming with Monitise PLC to offer mobile-banking services to the bank’s Visa-branded AccelaPay relodable prepaid payroll card.