Technology

If the banking industry was seeking clarity on the trend in consumer loan delinquencies, it did not receive it in the latest American Bankers Association data.

Beaverton, Ore.-based First Tech Credit Union is warning its members of a new malicious banking application it discovered that apparently is designed to steal online banking account details on Google's new Android cellphones.

U.S. Bancorp's merchant acquiring unit, Elavon, has started a hosted payment gateway it calls Fusebox.

Gemalto has increased its capital investment to become the majority shareholder in mobile-payments firm Netsize, the company announced Tuesday. Amstercam-based Gemalto has an option to buy the company at a later date, but it did not disclose terms of the transaction.

The fee structure of eBay Inc.’s Bill Me Later instant credit service might violate a consumer-protection law in California, Hagens Berman Sobol Shapiro LLP alleges. The Seattle-based law firm last week said it filed a lawsuit against the San Jose, Calif.-based company on behalf of consumers and is seeking class-action status.

Mophie, a Paw Paw, Mich.-based provider of technology accessory products such as smartphone batteries, last week at the International Consumer Electronics Show in Las Vegas unveiled details regarding its payment card reader for Apple Inc.’s iPhone (see story) , according OhGizmo.com, a technology blog.

Two point-of-sale terminal makers on Jan. 11 announced product updates. Ingenico S.A. says its new iSC350 payment terminal can display full-motion video on its consumer-facing screen with stereo sound.

Does the world need another automated clearing house processor?

Warning that the weak U.S. economy will continue to drag down consumer spending this year, Wells Fargo & Co. issued a blanket downgrade of the transaction processing segment.

Large retailers’ efforts to attract more business are adversely affecting transaction fee revenue at Global Payments Inc., the processor said Jan. 7 when announcing its earnings for its fiscal second quarter ended Nov. 30, 2009.