Cards

A surging Indian economy is boosting overall payment card use in India, though the use of debit cards is growing significantly faster than that of credit cards, according to data from India’s central bank.

Financial institutions, mobile-phone networks, service providers, payment companies and transaction processors in both developed and emerging markets will be able to offer a wide variety of mobile banking and payments services under a enhanced technology platform Monitise PLC announced Oct. 14.

Meta Financial Group Inc.'s shares fell more than 30% Wednesday on news that the Office of Thrift Supervision has ordered its MetaBank subsidiary, a major issuer of prepaid debit cards, to scrap its iAdvance credit product after determining the bank misrepresented the product.

Discover Financial Services said Wednesday that it had signed a merchant acquirer agreement with First National Bank Alaska.

Mobile access to medical finances is becoming more important for employees — and their banks.

Chartway FCU said yesterday it has implemented the FIS Mobile Banking platform from Fidelity National Information Services.

Chartway FCU said yesterday it has implemented the FIS Mobile Banking platform from Fidelity National Information Services.

Pennsylvania State Employees CU has introduced mobile banking through Firethorn Holdings LLC, a wholly owned unit of Qualcomm Inc.

JPMorgan Chase & Co. on Oct. 13 reported third quarter increases in both net income and sales volume for its Card Services unit, aided by continued reductions in charge-offs and delinquencies and by a rise in consumer card use.

Cubic Corp. has launched an updated application that enables consumers in one German city to purchase public-transportation tickets using Apple Inc. iPhones, which display purchased tickets as barcodes scanned at turnstiles for entry, the transportation ticketing company announced Oct. 6.

Credit unions on Tuesday were exploring whether to sign on to a suit filed by Twin Cities bank TCF Financial challenging the constitutionality of the new interchange amendment that may cap fees on debit card transactions.

Card-skimming attacks are on the rise this year as crooks devise relatively simple, inexpensive new ways to compromise payment terminals, the Payment Council Industry Security Standards Council’s top technology executive told attendees last week at SourceMedia Inc.’s ATM, Debit & Prepaid Forum.

Card-skimming attacks are on the rise this year as crooks devise relatively simple, inexpensive new ways to compromise payment terminals, the Payment Council Industry Security Standards Council’s top technology executive told attendees last week at SourceMedia Inc.’s ATM, Debit & Prepaid Forum.

Global Payments Inc. announced on Oct. 11 a major delay in upgrading U.S. merchants to a new authorization system.

Other debit card issuers are likely to pledge support for TCF Financial Corp.’s Oct. 12 lawsuit filed against the Federal Reserve Board that challenges the constitutionality of the provision within the Dodd-Frank Act requiring the Fed to set debit interchange rates, analysts say.

Merchant acquirers once again will be able to offer merchants dynamic currency conversion on Visa Inc.’s network now that the card brand has ended a six-month moratorium on expanded use of such services.

When PXT Payments first introduced a smart debit card program for municipal parking payments in 2006, little did it know then the system also would become a way for municipalities to keep currency flowing throughout the local economy.

Merchants wanting to integrate their transaction data into other business-management software have a new option.

TCF Financial Corp.’s lawsuit seeking to block the Federal Reserve Board from capping debit card interchange rates is about more than preserving revenue; even more harmful restrictions could be imposed on banks if the industry stands idle, according to William Cooper, TCF chairman and chief executive.

When two veteran travel and Internet business executives saw how online travel bookings blossomed with such sites as Travelocity and Expedia in the early 2000s, they envisioned providing the same kind of do-it-yourself packaging for tourist attractions.