Technology

Consumers have mixed feelings on differential pricing for cash and card purchases, and their views similarly are mixed on whether merchants might reduce product prices if caps are set on interchange rates, new research suggests.

Larger financial institutions are beginning to engage in broader product and service agreements, and that is opening the door to more outsourcing opportunities, the chief financial officer at Fidelity National Information Services Inc. said Sept. 7 during the Citi Global Technology Conference.

The electronic-billing technology company Transactis Inc. has acquired OfferIQ, a mobile coupon service provider for banks and merchants, the companies said Thursday.

Issuers are tightening their credit criteria, according to Fair Isaac Corp.

A Netherlands-based group consisting of banks and mobile operators has agreed to form a joint-venture company to support Near Field Communication mobile payments at the point of sale in 2012.

Card-not-present fraud in the United Kingdom is on track to decline 9% this year compared with last year as merchants and consumers adopt more strategies to thwart fraud, Retail Decisions PLC, a London-based payment fraud prevention firm, announced Sept. 6.

ANZ Banking Group has launched an application for Apple Inc.’s iPhone that enables customers to transfer funds to other mobile-phone uses in Australia, an official for the Melbourne-based bank tells PaymentsSource.

VeriFone Systems Inc. on Sept. 9 announced the acquisition of encryption-services provider Semtek Innovative Solutions Corp., a company in which it previously provided equity funding.

If the U.S. government could mandate the switch to digital TV, why can't it mandate that credit and debit card issuers switch from magnetic stripe cards to the EMV Integrated Circuit Card Specifications to improve security?

The mobile payment tech company Vivotech Inc. said Wednesday that it is working with DeviceFidelity Inc. to provide contactless payment capabilities for smartphones that can accept microSD memory cards.