Technology

Intuit Inc. is enhancing its GoPayment mobile credit and debit card acceptance service with a card reader designed to attach to Apple Inc.’s iPhone.

Independent sales organizations contribute about 35% of Global Payments Inc.’s annual revenue, but the revenue they generate has a lower profit margin for the Atlanta-based payments processor than that of some of its other business, suggests a recent analyst report.

Six casinos in Idaho, Washington and California have signed up to use Global Payments Inc.’s VIP LightSpeed cash-access service, the Atlanta-based payment processor announced Aug. 26.

A long-planned payments pilot program allowing banks to convert low-value checks to automated clearing house transactions is moving forward, but some industry experts say the initiative may be past its prime.

Hypercom Corp. said Wednesday that it is bringing to the United States a version of its end-to-end encryption software that is currently available in Asia.

Various unregulated new mobile-payment services proliferating in the U.S. could be putting certain consumers at risk for fraud, Consumers Union, a nonprofit consumer-advocacy organization, announced Aug. 24.

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.

Average credit card charge-offs in July declined sharply, falling below 10% of outstanding receivables for the first time since April 2009, Moody’s Investors Service announced Aug. 25.

Fiserv is offering a mobile remote deposit service, a move that could rapidly expand the adoption of a technology that is becoming a must-have feature at many banks.

Companies that install or manage payment-application software, such as that used in integrated point-of-sale terminals, can best protect their information by following a list of best practices Visa Inc. issued today, the payments company contends.