Cards

Heartland Payment Systems reported favorable third-quarter earnings Oct. 27, but it is still too early to tell if its “Durbin Dollars” promotion is paying off, an analyst says.

Apriva LLC plans to launch a mobile wallet next month that could help independent sales organizations and agents stake their claim on part of the mobile-payments market.

Linkable Networks Inc. is putting a new spin on merchant-funded rewards with a system that enables consumers to link retail offers they see in various advertisements online, in print and on television directly to a credit or debit card account.

Bracing for the loss of some debit transactions as a result of new Federal Reserve rules requiring debit cards to carry at least two card network brands, Visa Inc. next year plans to ramp up a series of incentives for merchants and acquirers, Joe Saunders, Visa chairman and CEO, told analysts Oct. 26.

Singapore's Infocomm Development Authority has put together an industry group to develop a system under which consumers may pay for taxi fares and small purchases with their mobile phones.

You can leave home without your American Express card now if you are heading to Neiman Marcus.

Diebold Inc. experienced drops in third-quarter revenue and profitability, but the ATM manufacturer’s top executive pointed to gains it made in North America during an Oct. 27 conference call with analysts to discuss the company’s earnings.

Mobile e-commerce is taking off rapidly in China, according to a report released Oct. 26 by the Beijing-based iResearch Consulting Group.

MoneyGram International Inc. on Oct. 27 reported solid third-quarter earnings growth, with a 58% increase in net income to $15.8 million from $10 million during the same period last year. Revenue increased 9.9%, to $321.9 million from $292.9 million.

CHICAGO— The International Anti-Counterfeiting Coalition will launch a portal-based reporting system to help acquirers monitor and get rid of fraudulent online merchants, Robert Caldwell, founding partner of Bellevue, Wash.-based G2 Web Services, told attendees here Oct. 27 during an Electronics Transactions Association leadership summit.

In many homes, the mom is in charge of the household finances because she often makes most of the spending decisions while caring for her children.

The transaction fee-driven autumn of discontent among big banks' customers would seem to be tailor made for BankSimple, whose founders have spent lots of time over the past year or so writing blogs and selling the idea of frustration with large banks as a consumer-acquisition play.

Banks are combating fraud with technology on a number of fronts, according to a Novarica study released this week.

Visa Inc. on Oct. 24 reported fiscal fourth-quarter net income of $880 million, up 13.7% from $774 million a year ago. Operating revenue for the quarter ended Sept. 30 rose 14.3% to $2.4 billion from $2.1 billion.

SACRAMENTO, Calif. – First U.S. Community CU has signed with Vantiv for single-sourced comprehensive electronic processing services.

Helped by strong transaction growth across all sectors, transaction processor Euronet Worldwide Inc. reported a healthy increase in third quarter revenue and positive adjusted cash earnings, the transaction processor announced Oct. 26.

CHICAGO–Google Inc., Isis and PayPal Inc. each are attempting to position their mobile wallets as the one consumers will prefer to use on their smartphones.

Banks that stopped issuing credit cards during the recession are showing renewed interest in getting back into the business, signaling a positive trend that could bode well for payments processors next year, contends the top executive at Total Systems Services Inc., or TSYS.

The Commonwealth Bank of Australia on Oct. 26 unveiled a mobile-payment platform to enable iPhone-owning customers to do online banking, instantly send funds to Facebook friends or to anyone’s email address or telephone number, and, with the use of a special cover, make contactless payments.

The Federal Deposit Insurance Corp. has ordered West Coast Bank in Lake Oswego, Ore., to improve oversight of its overdraft program and reimburse customers who incurred overdraft fees last year using their debit or ATM cards.