Technology

HSBC Finance Corp. has promoted Patrick “Pat” Burke to CEO of the company’s U.S. consumer finance division. Burke also serves as senior vide president and CEO of HSBC’s credit card and retail business. He succeeds Niall Booker, who was recently promoted to CEO of HSBC North America Holdings Inc.

Global private equity firms Bain Capital and Advent International on Aug. 6 signed an agreement with The Royal Bank of Scotland Group PLC to acquire its subsidiary business, RBS WorldPay, for an enterprise value of up to £2.025 billion (US$3.2 billion or 2.44 billion euros), including a £200 million contingent consideration.

USAA Federal Savings Bank is shifting mobile banking into high gear by offering auto loans through customers' phones.

Consumers Credit Union in Waukegan, Ill., has joined the list of financial services companies using Fiserv Inc.'s Acumen account processing software.

Reductions in consumer card use in casinos is adversely affecting Global Cash Access Holdings Inc.’s financial performance, Scott Betts, the company’s president and CEO, informed analysts during an Aug. 4 conference call to discuss second-quarter earnings.

Turkish bank Akbank TAS is hoping to bring contactless mobile payments to its customers through a partnership agreement announced this week with Visa Europe.

Asta Funding Inc., a publicly owned debt buyer, reported net income of $3.1 million for its third quarter ended June 30 as compared to net income of $1.5 million for the year-ago period. Revenues for Q3 were $12.1 million as compared to $17.2 million in the year-ago period.

Point-of-sale terminal maker Hypercom Corp. late on Aug. 4 reported revenues of $103.9 million for the second quarter ended June 30, down 1.6% from $105.6 million during the same period last year. However, the Scottsdale, Ariz.-based company reported a $1.26 million net loss, in part because of component shortages that affected revenue; it reported net income of $1.26 million during the same period last year.

State Farm Bank is the latest financial services company to offer a remote deposit capture service to its mobile customers.

Plastyc Inc. has revamped its mobile banking website for prepaid card customers.