Cards

Charles Schwab Corp. and Fidelity Investments have rolled out mobile check deposit services to their customers.

Alipay.com Co Ltd, China’s largest online payment service provider by transaction volume, has lost two of its major partners in China, according to reports.

OAK BROOK, Ill.–The Midwest Acquirers Association is forming local chapters to bring together acquiring-industry employers and prospective employees, provide members with payments-industry information, and share tips on selling and promoting payment services.

Google Inc.’s new mobile payment system puts pressure on Isis, the wireless carrier-backed joint venture trying to develop a competing system.

This story was updated from its original version.

This story has been updated from its original version.

Wincor Nixdorf AG said it will provide BB&T Corp. with automated teller machines and services for up to 100 locations in North Carolina and Florida.

Travelex Currency Services Inc., one of the few companies that offers U.S. residents cards that adhere to the EMV Integrated Circuit Card Specifications, has begun selling the cards online.

The new person-to-person payments company launched by three top banks may not be a PayPal-killer, but experts say the clearXchange venture is a clear threat to the dominant bank-focused payments services.

Axis Bank Ltd. on May 23 launched a reloadable prepaid card for children that their parents can manage remotely.

Bank of America Corp., Wells Fargo & Co. and JPMorgan Chase & Co. on Wednesday announced the launch of clearXchange, a person-to-person payments service that will let their customers send money directly to each other using an email address or mobile phone number.

Pasadena, Calif.-based Wescom Central CU said May 25 its Wescom Resources Group has signed with PayPal to offer Person-to-Person payment services to credit unions.

Bank of America Corp., Wells Fargo & Co. and JPMorgan Chase & Co. plan to debut a person-to-person payments service on Wednesday that lets customers send money to each other with an email address or mobile phone number, the Wall Street Journal reported Tuesday.

For $410 million, Bank of America Corp. has bought itself out of a massive class action over sorting of overdraft fees (see story).

Visa Inc. has launched a travel-themed marketing campaign in the U.S. that includes national television ads, a new Facebook application enabling consumers to chronicle their vacations and a sweepstakes via Facebook in which one participant will receive a $100,000 “trip of a lifetime,” the card brand announced May 23.

Payroll card providers may be missing an opportunity by failing to reach out enough to small businesses, new survey data suggest.

India’s domestic payment card scheme took a leap forward this month with the National Payments Corp. of India collaborating with two banks to launch RuPay-branded ATM cards.

Two-thirds of consumers surveyed last fall did not believe interchange regulations that that would limit how much retailers pay to accept debit cards would result in merchants lowering the prices they charge, according to research from Javelin Strategy & Research.

Two-thirds of consumers surveyed last fall did not believe interchange regulations that that would limit how much retailers pay to accept debit cards would result in merchants lowering the prices they charge, according to research from Javelin Strategy & Research.

VSoft Corp., a provider of popular remote deposit capture technology, announced May 23 it is partnering with Mitek Systems Inc. to provide Mitek’s patented Mobile Deposit to financial institutions leveraging VSoft’s Agile Mobile Capture service.