Cards

Rampant data breaches have taught consumers that it is not always wise to store payment data with a third party, but soon such behavior may become the safer way to transact.

The Reserve Bank of India has authorized the transferring of funds from ATMs to mobile phones as part of an expansion of the country’s Interbank Mobile Payment Service, India’s central bank announced Nov. 9.

VeriFone Systems Inc. took another step Nov. 14 in its quest to break free of the constraints of the aging plastic card.

Clear2Pay NV SA has broadened its payment-systems testing capabilities with the purchase of ATM testing software provider Level Four Software Ltd., the payments technology company announced Nov. 14.

More consumers are accessing their credit card accounts online, but only a small percentage are using mobile applications to do so, new research suggests.

With questions about mobile-wallet use at the point of sale centering on technology, security, payment accounts and software applications, banks should focus on pushing Near Field Communication development to ensure they play a vital role in the future of mobile payments, a new study suggests.

For banks that struggle with the security and cost-effectiveness of their online-banking offerings to small businesses, a cloud-based service launched Nov. 10 offers a partial answer.

The U.S. is increasingly moving toward the EMV chip card standard as a panacea for credit card fraud, but it actually may be a Pandora's box.

Alternative-payments providers such as PayPal Inc., ProPay Inc., Square Inc. and SparkBase Inc. may be better-positioned than traditional payment card networks to cause the marketplace disruption needed to make mobile payments more mainstream, an Aite Group analyst suggests in a new report.

PayPal Inc. plans to provide a mobile payments system that would enable Chinese game developers on the Android mobile platform to tap new international markets including North America and Europe, the company recently announced.

Valve Corp., the company that provides the popular PC game platform Steam, disclosed Nov. 9 that it suffered a data breach this month.

Payments processor Vantiv known until July as Fifth Third Processing Solutions, on Nov. 10 filed to raise funds with an initial public offering that could be one of the biggest IPOs of the year.

As banks struggle to find new sources of profits, some are starting to expand services for low-income consumers they may have previously ignored.

With an eye toward reducing customer lines at movie theater box offices, NCR Corp. has developed a software application for scanning movie ticket information from a mobile phone, the terminal and software provider announced Nov. 9.

The burgeoning growth of mobile payments could become the tipping point for proposed national legislation that would force merchants to charge state sales taxes for the first time on many goods and services sold through online channels, a national tax expert tells PaymentsSource.

Star, First Data Corp.’s electronic funds transfer network, is moving forward with plans to focus more heavily on e-commerce by signing a nonbinding letter of intent to participate in CardinalCommerce Corp.’s Universal PIN Debit Service.

U.S. consumer interest in using mobile phones to make purchases and in receiving incentives and coupons to shop at retailers has doubled since last year, new research suggests.

The casino industry is turning a corner, but the long-term impact of the so-called Durbin amendment on Global Cash Access Holdings Inc.’s revenues remains unclear, executives from the company told analysts during a Nov. 9 conference call to discuss third-quarter earnings.

After analyzing the mobile-banking offerings of the top 25 retail banks by deposits, Javelin Strategy & Research has declared that JPMorgan Chase & Co. has the best, followed closely by Wells Fargo & Co. and Bank of America Corp.

Near the end of the Federal Reserve Bank of Chicago’s one-day payments symposium Sept. 26, Wal-Mart Stores Inc.’s Jamie Henry posed a question that had yet to be answered during the previous eight hours.