Technology

Online Resources Corp. said it has signed up more than 40 utilities for its bill payment services in the past six months.

A new iPhone application that lets consumers rack up reward points by simply walking in to stores could give banks and card issuers the foundation for a truly mobile loyalty program.

Certain definitions within new Internal Revenue Service rules requiring payment processors and merchant acquirers to track merchants’ transactions and report them to the IRS beginning next year are creating additional hassles, some industry observers say.

Mitek Systems Inc. on Aug. 18 announced it has received a patent from the United States Patent and Trademark Office for its mobile remote-deposit capture application.

The city government of Hong Kong recently ordered officials for Octopus Cards Ltd to cooperate with an investigation surrounding the inappropriate sharing of customer data related to a rewards program for mass-transit fare-payment cards, according to local media reports.

PayPal Inc.'s next round of mobile payment features, including its rumored future as an additional payment system for Google Inc. phones, shows the strength of PayPal's mobile strategy and the weakness of Google's historical approach to payments.

Tight supply has sent prices for the freshest portfolios of charged-off consumer debts soaring in recent weeks to as much as 12 cents on the dollar.

The week after Wells Fargo & Co. announced the closing of its storefront subprime lending unit, Citigroup Inc.'s chief executive delivered an impassioned defense of keeping alive his similar operation, CitiFinancial.

Legions of potential investors want to buy a piece of the merchant-acquiring business, but most independent sales organizations would prefer not to sell. Both camps appear to believe the industry represents a safe haven in hard times and promising opportunities during a recovery.

Acculynk Inc. Aug. 17 announced that the NetWorks Inc. electronic funds transfer network would support the company’s Internet PIN-debit payment service.