Credit

Mutual of Omaha Bank, on a growth streak since its 2007 launch, has signed a long-term merchant-services agreement with First Data Corp., the companies announced Aug. 30.

In a move exemplifying efforts to move more cash and check payments to credit and debit cards, a national social network of babysitters and parents called SitterPals.com has signed up to use Square Inc.’s service to accept credit card payments for their services, the company announced Aug. 31.

Alaric Systems Ltd. has issued its newest version of credit card fraud-protection software for financial institutions, card processors and retailers, the London-based company said Aug. 30 in announcing the release of Fractals 3.7.

With competition increasing among card issuers for affluent customers who often travel, JPMorgan Chase & Co. is going on the road to promote its new United MileagePlus Explorer card.

To increase its subscriber base of frequent travelers, Citibank Philippines is teaming with the country’s largest national airline Cebu Pacific Ltd. to launch a cobranded credit card.

U.S. banks are beginning to ramp up their credit card offerings as part of broader strategies to offset declining debit card revenue resulting from new Federal Reserve debit-interchange rules going into effect Oct. 1, certain analysts suggest.

The wireless carriers involved in mobile-payments venture Isis reportedly plan to invest more than $100 million into the project.

Consumers have filed 7,923 lawsuits against collection agencies and creditors this year through Aug. 15, a record-setting pace that easily tops the 7,169 lawsuits filed through the same period last year.

The average U.S. bankcard charge-off rate dropped sharply in June, registering the second-largest monthly decline since the Bankruptcy Reform Act took effect in 2005, according to the latest data from Fitch Ratings Inc.

An agreement in which Accertify Inc. will provide credit card fraud protection for Frontier Airlines illustrates how non-major airlines are boosting security as criminals shift their attention to them when major airlines thwart their attempts, fraud-prevention experts say.

Online payments are not being adopted uniformly, particularly in the business banking segment, leading Bill.com, a firm that exists in part to take paper out of billing, to introduce an option that enables users to tap the Web to trigger printed bills that can be mailed at a lower rates.

Intuit Inc.’s deal to sell its GoPayment software application and card reader at Verizon Wireless stores could significantly accelerate competition in the fast-growing market for smaller-ticket mobile payments, one analyst suggests.

Many of the nation’s largest card issuers this summer are raising the ante on rewards for affluent cardholders, but at least one issuer is dangling an enhanced card-rewards deal accessible to middle-income consumers.

Despite increasing activity involving mobile payments, consumers still trust credit card companies more than companies such as Google Inc., eBay Inc. or Facebook Inc.

Steve Jobs' resignation as Apple Inc.’s chief executive may prove a mixed bag—but a critically important one—for banks and the payments industry.

Boku Inc. has inked an agreement with two French wireless phone carriers to offer its carrier-billing service, a deal which will extend Boku’s reach to 32 million customers in France.

ACI Worldwide Inc. tossed the ball back into S1 Corp.'s court on Thursday as the two companies continue to squabble over competing acquisition proposals.

Debt Relief USA Inc. has agreed to settle Federal Trade Commission charges that it lured consumers into paying thousands of dollars in upfront fees to reduce their credit card debt but in many cases left them deeper in debt.

The debit card likely will not go the way of the paper check, but its days as a single-purpose product are looking increasingly numbered.

A new mobile credit card reader to be offered in the United States by a European startup will accept magnetic stripe cards for payment, but the company is not concerned the U.S. move to EMV cards will affect merchant interest in the device.