Technology

The merchant-processing unit of Barclaycard UK in July experienced an almost double-digit increase in spending by its merchant clients’ credit and debit card customers in the United Kingdom compared with the same month last year, challenging the notion that consumer confidence has declined, Barclaycard announced recently.

China’s Union Mobile Pay service’s transaction sales volume exceeded 30 billion yuan (US$4.4 billion or 3.1 billion euros) in 2009, a spokesperson for the mobile payment service provider tells PaymentsSource.

Growth in automated clearing house transactions slowed in the second quarter, but the dollar value of those transactions increased slightly.

Mobile banking is gaining more popularity with the underbanked than it is with conventional bank customers.

CommunityAmerica CU said yesterday it signed a five-year credit, signature/PIN debit, and ATM processing contract with PSCU Financial Services.

Consumers’ increased use of smart phones to shop appears to be having an effect on how small businesses purchase. New survey data suggest that 27% of small companies use mobile devices to make purchases.

Many PCI compliance programs that independent sales organizations and acquirers offer their merchants are beginning to prove their value, says Deana Rich, president of Van Nuys, Calif.-based Rich Consulting.

Two of Japan’s major contactless mass-transit payment card systems will become interoperable next year, significantly expanding the systems’ reach, Central Japan Railway Co. said on August 11.

Payment processor RBS WorldPay Inc. has class A certified Way Systems Inc.’s way5000 mobile point-of-sale device for use on its network.

Credit unions are expanding beyond Apple's iPhone to develop mobile banking applications for other devices, in particular those running the Google Android operating system.