Credit

With pilots nearly complete, mobile-imaging software provider Mitek Systems, perhaps best known for its check capture technology, expects the launch soon of similar imaging services to help users make payments instead of just deposits.

Consumer use of payment cards is very much in flux, and contradictory trends are making it hard for issuers to react.

Consumers are increasingly using payment cards at vending machines, and the owners of the devices are reaping the benefits through higher ticket sales and increased transaction volume.

Citigroup launched a credit card for business owners that allows users to earn rewards across their business and personal spending.

Fraud is eating 1.5% of the revenue from airline tickets sold online as merchants struggle to block criminals without making the purchase process too cumbersome for consumers.

Square has shut out independent sales organizations as distributors of its mobile card reader. Now one ISO has gone on the offensive by offering its own.

The online music station Pandora is all about variety, but JPMorgan Chase is attempting to limit its selection in one area: advertising.

Discover Financial Services may be having more success than its peers in getting consumers to revolve balances from month to month — which is where more profits lie.

Each day, the payments industry receives signals that consumers are happier using a contactless card system to pay transit fares than they are using the cards in stores.

Turning a phone into a credit card reader is no longer anything special. Square, facing increasing competition from bigger rivals, is adding features to its small plastic card reader to make it a more fleshed-out product for merchants.

Alliance Data Systems Corp. has agreed to buy the $475 million private-label credit card portfolio of Bon-Ton Stores Inc., a 275-store chain with outlets in 23 states.

Discover Financial Services saw stronger revenue during its second quarter but lower net income compared with a year earlier, the company said June 19.

WASHINGTON — The Consumer Financial Protection Bureau will begin publishing credit card complaints June 19 in a searchable database, allowing the public for the first time to scrutinize the way individual banks handle complaints.

For international travelers, a new pact between a Citigroup Hong Kong unit and Planet Payment Inc. should take the mystery out of currency exchange rates on a purchase-by-purchase basis.

Consider it the beginning of the Next Generation for Card Express Inc. — literally. Launched in 1995 by Alan Safahi as a prepaid card provider supporting corporate cards, CardEx soon plans to venture into the consumer market. And Safahi's son, Sean, will lead the initiative as the firm's new CEO.

Standalone contactless payment cards may be headed for extinction in the U.S. The tap-and-pay card technology that began to emerge in the U.S. in 2005 never caught fire, as relatively few merchants adapted their payment terminals to accommodate it.

The Chicago area’s transit authorities are a step closer to a cross-platform open-payment system that will enable riders to use open-loop contactless cards to access buses and trains.

Credit card offers mailed to consumers tapered off sharply in recent months after a resurgence in the wake of the recession, indicating a shift in large-issuer strategies.

SAN FRANCISCO–Cash isn't just some crude means used by the unbanked; affluent bank customers use it as well. To encourage spending among banked consumers, PayPal Inc. is expanding the ways consumers can fund their accounts with bills and coins.

The personal information of certain merchants may have been exposed in addition to the consumer data breach Global Payments reported in March, the processor said June 12.