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A mobile payments business model tested in India, in which Citigroup holds onto transaction fees but subsidizes the cost of the phone, has proven a hit among all the key players.
March 10 -
The FFIEC's online banking policies may be out-of-date; arrests in possible Calif. card skimming ring; suspected account thief swallows a Flash drive to avoid skimming charges; and more.
March 9 -
Fiserv Inc. is suing a former executive of its CheckFree Corp. unit, claiming he is using a confidential customer list to solicit customers on behalf of Charles River Systems Inc.
March 9 -
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Citigroup Inc. is planning to make more money available to donate through the mobile charity application CauseWorld.
March 9 -
Aithent Inc. said Charter Oak Federal Credit Union has agreed to use its Fraud Manager software.
March 8 -
Visa Inc. said Monday that it has promoted Elizabeth Buse to group executive for its international business.
March 8 -
Bank of New York Mellon's treasury services unit hopes that offering MasterCard's Payment Gateway service will entice some of these Luddite corporate clients to implement electronic payments.
March 8 -
VeriFone Holdings Inc. says that selling its mobile phone payment terminals through Apple Inc. retail stores will deliver payment-card acceptance to an important new market: very small merchants.
March 5 -
The wireless communications technology provider Qualcomm Inc. of San Diego has hired Rocco Fabiano as the president of its Firethorn Holdings LLC unit.
March 5 -
Lee Kennedy has stepped down as the vice chairman of Fidelity National Information Services Inc.
March 5 -
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Nokia Corp. plans to team up with Yes Bank of Mumbai to test Nokia Money, a mobile-commerce platform, according to an executive at the Finnish handset maker.
March 4 -
Heartland Payment Systems Inc. is expanding into payroll management with a system called PlusOne Payroll.
March 4 -
The Denver mobile loyalty and gift card technology vendor took the wraps off a system last week that consumers can use to make purchases with their phones.
March 4 -
Financial results at two point of sale terminal makers are improving, in large part because of increasing global demand for electronic payment systems.
March 3 -
Japan Net Bank Ltd. is offering customers a "one-time debit" service to combat growing online card fraud.
March 3 -
Hoping to drive up transaction volume, Barclays Group PLC is raising the transaction size limit for consumer contactless payment cards in the U.K.
March 3 -
Palmetto Bank in Greenville, S.C., has signed an integrated-services contract with Diebold Inc. — a service that is becoming more important to the automated teller machine maker and its rivals as a way to counter declining sales to U.S. banks.
March 3 -
