Credit

India’s widespread highway network soon could see the installation of an electronic toll-collection system that would use radio frequency identification technology for accepting payments.

To improve merchant and consumer comfort with online spending, MasterCard Worldwide has formed a partnership with Silver Tail Systems Inc. to distribute Silver Tail's fraud-fighting analytics to merchants.

Visa Inc. has launched a mobile-banking product with Monitise PLC, pitting the card network against major technology vendors.

Healthy global transaction-volume growth pushed Visa Inc.’s net income for final quarter of 2011 to more than $1 billion, the card brand announced Feb. 8.

Consumer revolving debt is on the rise again, but it is still too early for lenders that earn profits on outstanding debt to exhale.

Continued growth in Wright Express Corp.’s fleet and payroll card businesses and in its operations in North America and Australia helped fuel double-digit fourth-quarter growth for the fleet card company.

Bankcard customers that earn a free TV through Fiserv Inc.’s UChoose Rewards program no longer have to wait days for delivery. Now they can drive to a local Best Buy Co. Inc. store and pick it up minutes after redeeming the award.

This story has been revised from its original version.

Being late on paying one’s mobile-phone bill could affect a consumer’s chances of being approved for a credit card under a new initiative by Credit Information Bureau of India Ltd., India’s first and largest consumer credit bureau.

Coordinated cyberattacks against financial institutions are not likely to disappear anytime soon, but a recent surge unfolding in Brazil should heighten payments industry security awareness in light of the country’s growing electronic-payments market.

Google Inc. will not officially acknowledged it and AT&T Inc. declines to comment, but mobile-device, search-engine and payments observers on Feb. 3 were abuzz over a report that AT&T subscribers with Android-powered Galaxy Nexus smartphones equipped with Near Field Communication chips and an AT&T SIM card now may download the Google Wallet.

For a product claiming to protect consumers from unforeseen misfortunes, banks' credit card payment-protection plans have made plenty of enemies. A federal probe could give those opponents the upper hand for the first time.

Datacard Group has made an investment in DeviceFidelity Inc., the maker of instant card-issuance technology announced Feb. 6.

The Durbin amendment to the Dodd-Frank law has sapped debit card revenue, but swipe fees are contributing a growing share of earnings at large credit card businesses.

A new service from Visa Inc. will help issuing banks get a security boost from chip cards without the costly and time-consuming technology investments that normally would be required.

Hammering the final nail in what can be called Barclays Bank’s credit card misadventure in India, Mumbai-based Kotak Mahindra Bank Ltd. has acquired the nonperforming card portfolio of the British bank, a source within Kotak Mahindra tell PaymentsSource tells PaymentsSource.

The results of diverse strategic initiatives around the world helped buoy MasterCard Worldwide’s overall processed transactions during last year’s fourth quarter.

Credit cardholders across the United Arab Emirates received some relief Jan. 31 when the country’s central bank announced a cap on the annual interest rates card issuers in that country can charge.

This is an updated version of a story posted earlier.

HSBC Corp. Ltd. is working with MakeMyTrip, one of India’s major travel booking sites, to launch a cobranded credit card targeting India’s consumers who frequently travel, the issuer announced Jan. 30.