Technology

Banks are looking for more data to help them make lending decisions, beyond the simple matter of whether prospective borrowers pay their bills on time.

Aptys Solutions LLC last week introduced Active Archive, a platform that enables financial institutions to manage all saved payments data in a single location. Active Archive supports automated clearinghouse transactions, mobile payments, wire funds transfers and check-image exchanges.

Sage Payment Solutions, a merchant-services company with more than 155,000 merchants, has renewed its processing deal with TSYS Acquiring Solutions, a unit of Total System Services Inc., a Columbus, Ga.-based payment processor, TSYS announced July 19.

MasterCard Inc. said its issuers have agreed to the terms of a settlement agreement it reached with Heartland Payment Systems over the processor's 2008 data breach.

MasterCard Worldwide said July 15 that it received enough support from card issuers to proceed with a $41.4 million settlement in the Heartland Payments Systems breach, but dozens of credit unions and banks are still holding out as part of a class action lawsuit filed against Heartland.

The Bank of the Philippine Islands and Globe Telecom Inc. on July 14 launched a cashierless payment service to enable the Philippines-based telecommunication operator’s subscribers who also hold accounts at the bank to pay their Globe bills using the bank’s mobile and online-banking platforms

Visa Europe has launched a global information-management platform for its commercial cards called Visa IntelliLink Spend Management, the company announced July 15.

The use of mobile-banking services is increasing, but many consumers still prefer to bank online or at branches for more-complex transactions, new study data suggest.

By offering a mobile service that addresses a common need, JPMorgan Chase & Co. might also get people to use their phones for a type of payment of which few people are even aware.

Editor's Note: The following is a news release provided by the National Consumer Law Center. A link to the full report "The Debt Machine: How the Collection Industry Hounds Consumers and Overwhelms Courts," is included. Collections & Credit Risk is interested in hearing feedback from the collection and debt-buying industries. Contact Darren Waggoner at 815.463.9008 or write to darren.waggoner@sourcemedia.com. Please note if you do not want your comments published.