Cards

Jack Henry & Associates Inc. said Tuesday that eight credit unions have agreed to use its banking software platform.

Lending Club Corp. is lowering its person-to-person loan rate to better compete with credit cards.

After experiencing success with a similar initiative supported by MasterCard Worldwide, Online Resources Corp.’s efforts to encourage payment card acceptance by utilities is beginning to receive the backing of other card brands.

The Merchants Payments Coalition is crying foul about Bank of America Corp.’s announcement this week that it took a $10.4 billion third-quarter goodwill charge to counter impending reductions in debit-interchange income.

NetSpend Holdings Inc.’s initial day as a public company fared well, but it might have done better had it debuted on the market a week earlier, according to one analyst.

NetSpend Holdings Inc.’s initial day as a public company fared well, but it might have done better had it debuted on the market a week earlier, according to one analyst.

Visa Europe has launched a fraud-management service to help combat fraudulent cross-border ATM transactions, which are becoming an ideal target for fraudsters in countries without EMV chip-and-PIN technology, the company announced Oct. 18.

Dynamic Card Solutions’ mobile-payments personalization platform has begun supporting Tyfone Inc.’s SideTap microSD memory card for contactless payments, the Englewood, Colo.-based provider of instant card-issuing technology reported on Oct. 19.

Established companies such as MoneyGram International Inc. and Western Union Co. long have been the forerunners in the funds-transfer market. Two startups, however, are seeking to provide alternative transfer methods using payment channels familiar to consumers.

NCR Corp. said Tuesday that it had bought Mobiqa Ltd., a mobile provider of tickets, boarding passes, downloadable applications and coupons.

In its initial day as a public company, NetSpend Holdings Inc.’s stock price rose 18% Oct. 19, closing at $13, up $2. Shares peaked at $13.47.

Online Resources Corp. has launched a program to offer utility companies a lower-cost card-acceptance option when their customers pay their bills with a Visa-branded card, the financial-services provider reported Oct. 5.

Point-of-sale terminals five years from now may not look much different from today’s devices, but big changes are anticipated for the software running on them, new research suggests.

Some tourist attractions throughout the U.S. have had a boost in business generated by a prepaid smart card program operated by Boston-based Smart Destinations Inc.

After more than a year of negotiations, Visa Inc. has begun to create a debit business in Canada, as the country’s regulatory environment for payments appears to have settled.

The Federal Reserve Board on Oct. 19 announced a proposed rule to clarify certain aspects of Credit Card Accountability, Responsibility and Disclosure Act that went into effect earlier this year.

Bank of China and China UnionPay on Oct. 12 jointly launched a dual-currency debit card in the Philippines through the bank’s operation in Manila, the first time a Chinese bank has issued such a card abroad.

The association representing independent Little Caesars franchisees has endorsed Heartland Payment Systems Inc. for payroll and transaction-processing services.

Bank of America Corp.’s Global Card Services unit on Oct. 19 reported a net loss of $9.87 billion for the third quarter ended Sept. 30; the issuer reported a $955 million loss during the same period last year. This past quarter’s loss includes a $10.4 billion goodwill-impairment charge that did not exist in 2009’s third quarter.

NetSpend Holdings Inc. on Oct. 19 begins trading on The Nasdaq Stock Market LLC under the ticker symbol “NTSP.” In an announcement Oct. 18, the company priced its initial public offering of 18.5 million shares of common stock at $11 per share.