Technology

MShift filed suit in federal court in San Francisco Friday claiming Digital Insight is infringing on its patent for the company’s pioneering mobile banking technology that Digital Insight is providing to hundreds of credit unions and banks.

Mopay Inc. has announced plans to expand its global presence. Under the initiative, the Germany-based mobile-payments company hopes to enable U.S. consumers to purchase virtual goods and other digital content using their mobile-phone accounts, the company notes in a recent press release. It also hopes to create a new revenue channel to U.S. gaming and social-network providers.

Visa Inc.’s announced hiring today of Bill Gajda, a top global wireless carrier trade association executive, to lead its mobile-payments initiatives could help the network brand cut through some of industry-sector obstacles blocking mobile-payment development, observers say. Gajda is chief commercial officer at the GSM Association, an international telecommunication organization that develops worldwide wireless standards for mobile communications, and after joining Visa he will continue as president of the GSM Foundation.

A payment breach at an unnamed Helsinki, Finland, business has exposed transaction records from more than 100,000 payment cards to hackers, reports YLE, a news service of the Finnish Broadcasting Co.

Hana Card Co. and South Korea-based telecommunication operator SK Telecom Co. plan to launch a mobile credit card payment service in March under a new joint venture, an official from the credit card company tells PaymentsSource.

A record number of Americans were in danger of losing their homes in the fourth quarter, even as new delinquencies declined, the Mortgage Bankers Association reported.

Euronet Worldwide Inc., which conducts about 75% of its operations outside the United States, last week reported fourth-quarter revenue of $285.6 million, up 11.7% from $255.7 million during the same period in 2008. Revenue for the year totaled $1.03 billion, down 1.9% from $1.05 billion in 2008.

Bank of America Corp. said this week that late payments on credit card loans fell to 7.35% in January, the lowest in a year.

Despite a fourth quarter net loss Heartland Payment Systems Inc. attributes largely to breach-related expenses, the Princeton, N.J.-based payment processor sees “encouraging progress” in small and midsize merchant transaction-processing volume and same-store sales, Robert Carr, Heartland chairman and CEO, told analysts during a conference call this morning.

Fraudsters on the prowl for payment card data last year increasingly turned to the hospitality industry as a source for the valuable data, according to the Trustwave Global Security Report 2010 released yesterday.