Cards

U.S. Bancorp will be adding a mobile remote deposit capture service to its mobile banking features, the Minneapolis-based institution announced March 14.

Apple Inc. boasts that its iPhone “changes everything,” but against the expectations of many bankers, it may not be changing payments–at least, not this year.

The Girl Scouts of Ohio’s Heartland Council has begun using AppNinjas Inc.’s Swipe Credit Card Terminal for iPhone to accept credit and debit cards from consumers buying members’ cookies, the organization announced March 9.

National Payment Card Association in June will begin marketing an open-loop decoupled debit card this summer, according to Joe Randazza, its chief executive.

Yespay International Ltd. has released its application programming interface specifications that merchants may use to integrate Yespay’s mobile-based services into their point-of-sale systems, the London-based payment-services provider announced on March 11.

WASHINGTON – Visa and MasterCard are telling their credit union and bank owners the uncertainty they will face over litigation costs for a pending antitrust case over the networks’ anti-steering provisions will continue indefinitely, even as the controversy escalates over the Federal Reserve’s proposed rules on debit fees.

Apple Inc. may not be building a contactless payment capability into its next iPhone.

TCF Financial Corp.'s William Cooper is rethinking his long-held belief that economies of scale don't matter in banking.

China UnionPay has signed an acceptance agreement with US-based Citibank that will see UnionPay cards being accepted in seven other Asian nations, a spokesperson for China’s bankcard association confirms PaymentsSource.

A stock analyst on March 11 upgraded shares of Green Dot Corp., contending recent concerns over the prepaid card company’s regulatory risks are overblown.

Continued global expansion of EMV smart card programs helped drive revenue and profit growth last year for Gemalto NV’s Secure Transactions unit, which includes banking cards, the France-based smart card vendor announced March 11.

Seven Bank Ltd. has signed an agreement with U.S.-based The Western Union Co. to offer Western Union’s funds-transfer services in Japan.

WASHINGTON – Senator Dick Durbin insisted yesterday he will fight every effort to delay the pending implementation of his initiative to lower interchange fees paid to credit unions and banks.

WASHINGTON — In a rare show of unity, the leading bank and credit union industry groups filed a joint friend-of-the-court brief on Friday to support TCF Financial Corp.'s lawsuit against implementation of a rule that would limit interchange fees on debit cards.

WASHINGTON — Bankers and other financial executives continued their full-court press to delay pending restrictions on debit interchange fees, even as lawmakers prepared to move forward on plans to delay the new requirements.

As the health care industry eyes new systems to streamline and improve the collection of payments from patients, New York-based Phreesia Inc. is promoting a tablet-like device that records patients’ personal and insurance information and doubles as a card-payment terminal.

A year after testing mobile capabilities with its customers, Wow Bao, an Asian restaurant with three Chicago locations, is planning to launch a mobile gift card program with Mocapay Inc. by the end of April, PaymentsSource has learned.

The ongoing fight between Square Inc. and rival VeriFone Systems Inc. around payment security highlights the lack of common technical standards for mobile acceptance devices.

ORLANDO, Fla.–Social-network participation is approaching 1 billion consumers globally across such different platforms as Facebook, Twitter and Foursquare. But prepaid industry executives and merchants are split about how the medium could improve closed-loop gift card sales.

Consumers in India might have to pay fees if they want to manage their bank accounts through their mobile phones, according to a Reserve Bank of India official.