Cards

In a ruling that will affect hundreds of credit unions, a federal judge agreed Friday to dismiss a suit by MShift claiming that Intuit Financial Services, formerly Digital Insight Corp., is infringing on its patent for mobile banking.

Wayzata, Minn.-based TCF National Bank announced Tuesday it is suing the U.S. Federal Reserve to block new limits on debit-card transaction fees, one of the first lawsuits against a major provision of the Dodd-Frank financial overhaul law, reports Dow Jones.

PayPal Inc. said its new mobile remote deposit capture feature is a hit among its mobile app users.

Wells Fargo & Co. is moving ahead with the deployment of a new device from NCR Corp. that allows both checks and cash to be deposited in the same slot of an ATM.

Wells Fargo & Co. is moving ahead with the deployment of a new device from NCR Corp. that allows both checks and cash to be deposited in the same slot of an ATM.

Fiserv Inc. is breaking down the barriers for small merchants to present statements within online banking sites, a service more commonly limited to high-volume billers.

VeriFone Systems Inc. said it is pressing ahead with its hostile takeover bid for Hypercom Corp., despite Hypercom's increasingly vocal rejection.

Point-of-sale terminal maker VeriFone Systems Inc. says it will continue to try to buy Hypercom Corp., its Scottsdale, Ariz.-based rival, even though VeriFone’s $5.25 per share offer is more than a $1 shy of the $6.40 price of Hypercom shares Friday morning.

Merchants accepting payments via mobile phones experienced the highest card-not-present fraud volume in 2009, facing on average 3,385 attempts to commit fraudulent transactions each month, new research shows, suggesting the need for higher security as more merchants accept mobile payments.

A global relief organization and a local mobile-phone provider in Haiti recently completed a test of its Mobile Money funds-transfer project in which Haitians affected by the Jan. 12 earthquake used mobile phones to receive payment for work and to make purchases at a local grocery store.

East Japan Railway Co. during the first half of next year plans to offer a mobile fare-payment service for its network supported by mobile network carrier KDDI Corp.

Usage of mobile person-to-person payment services in Africa is expected to explode in the next five years, according to a new research report.

The town of Brookline, Mass., has launched a prepaid card program that allows residents to pay for parking with a reloadable card that is also accepted by many of the town's merchants (see story).

Wendy's/Arby's Group Inc., Beall's Inc. and Luby's Inc. have renewed multi-year card processing agreements with Fifth Third Processing Solutions LLC, the Cincinnati company said Wednesday.

An old payment system may look new again, if Deluxe Corp.'s ad campaign around checks captures consumers' imaginations.

Hypercom Corp. has withdrawn its lawsuit filed Sept. 23 against VeriFone Systems Inc. over allegations of violating a confidentiality agreement. The Scottsdale, Ariz.-based terminal maker announced the withdrawal virtually seconds after PaymentsSource reported the lawsuit in a bulletin (see story).

Hypercom Corp. is suing VeriFone Systems Inc. for disclosing its $284 million bid for Hypercom, Bloomberg is reporting.

Trustwave, best known for testing and fixing payment-network vulnerabilities, believes the time is right to also offer a physical security-evaluation service.

U.S. Bancorp is teaming with Monitise PLC to offer mobile-banking services to the bank’s Visa-branded AccelaPay relodable prepaid payroll card.

CurveNorth Inc., a Silverado, Calif.-based company that makes operation-management software for independent sales organizations and acquirers, has added the merchant-screening service from CoreLogic Inc.’s CredCo division to its offerings, CoreLogic says Oct. 5.