Technology

Cimbal Inc. is bypassing any future business models centered on Near Field Communication payments with a mobile-phone application that mimics NFC functionality but without the use of an embedded chip in the handset.

Consumer confidence improved slightly in August, reversing directions after declining in both June and July, The Conference Board Inc., a New York-based research organization, reported Aug. 31.

Providers of card not present (CNP) payments technology will soon have company as Transaction Network Services plots an expansion of its international CNP product into the U.S. market.

ACI Worldwide Inc. said Monday that it would supply payment services to Domino's Pizza Inc.

MasterCard Worldwide has announced a deal with a Brussels online payment company that would give customers of MasterCard issuers greater access to U.S. and United Kingdom online merchants.

Experian, a global information services company, Tuesday announced the results of its monthly Business Benchmark Report. Findings from the July report show that the national average number of days that businesses paid their bills beyond contracted terms increased by 2% in July compared with June.

Small-business owners’ confidence dropped sharply in August amid increasing gloom about the economy, according to new survey data Discover Financial Services released Monday.

During the second quarter ended June 30, the ratio of bankcard borrowers 90 days or more delinquent on one or more of their credit cards was 0.92%, down 19 basis points from 1.11% the previous quarter and down 25 basis points from 1.17% in the second quarter of 2009, according to TransUnion.

Mobile banking may one day be the channel of choice for members, but OnPoint Community CU here must battle infrastructure issues and perceptions of inadequate security before that happens.

Individuals filing for Chapter 7 and Chapter 13 consumer bankruptcy protection are facing as much as a 55% cost increase as one result of the 2005 comprehensive bankruptcy reforms, according to a study published in the American Bankruptcy Institute Law Review.