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Merchant processor WorldPay is reselling mobile-payments technology from vendor CellPoint Mobile that will allow clients’ customers to conduct transactions in several ways.

Finnish handset maker Nokia Corp. is working with Near Field Communication technology developer Proxama Ltd. to develop loyalty and advertising applications, the companies announced April 19.

Datacard Group has launched its SuperCAT II card encoder, which enables bank customers to select or change a card’s PIN at a branch, the company announced April 18.

Selling mobile-processing services can prove quite profitable for independent sales organizations, observers say.

An estimated 515 different collection agencies and creditors were sued between March 16-31, the highest half-month period thus far in 2011 and up from 417 sued between March 1-15, according to data from U.S. District Courts.

To combat card fraud, banks in Malaysia starting in January must issue transaction alerts via text messages to their credit cardholders under an April 14 order from Bank Negara Malaysia, the country’s central bank.

Richard Davis, the top executive at U.S. Bancorp and chairman of the Financial Services Roundtable, told analysts April 19 it is a toss-up as to whether the Federal Reserve Board would press ahead with its proposed 12-cent cap on debit card interchange.

Richard Davis, the top executive at U.S. Bancorp and chairman of the Financial Services Roundtable, told analysts April 19 it is a toss-up as to whether the Federal Reserve Board would press ahead with its proposed 12-cent cap on debit card interchange.

A U.S. appellate court has approved Minnesota’s TCF Bank’s request for an expedited appeal of a lower court ruling denying a bid to block the Federal Reserve’s final rule on interchange charges, setting up a three-way race between the courts, the Fed and Congress on the controversial effort to limit the lucrative fees.

The Obama administration announced Friday the release of a strategy to protect consumer and business identities in cyberspace.

The availability of NFC smartphones — an ingredient many say is necessary for mobile payments systems to take off — may be a less onerous problem by 2014, a report from Juniper Research said.

Early data indicate consumers survived the holidays with less financial distress than in the previous few years, and the average U.S. credit card charge-off rate for most major issuers remains on track to continue declining for at least the next few months, according to analysts at Moody’s Investors Service.

Citing increased international growth, Citigroup Inc. on April 18 reported an $864 million profit for its Citi-branded credit card operation for the first quarter ended March 31, up 397% from $174 million during the same period a year earlier.

Visa Europe is expressing dissatisfaction with last week’s General Court of the European Union’s decision to uphold the 10.2 million euro (US14.7 million or £8.7 million) fine imposed on the company for refusing to do business with a U.S. bank, saying it had already settled the dispute in 2006.

AisleBuyer LLC, a Boston company, is selling mobile software that enables a consumer to scan an image of a payment card and use it to pay for in-store and online purchases.

Corporation Bank Ltd. has launched a mobile wallet to enable its customers to make purchases with their mobile handsets, a spokesperson for the Mangalore-based bank tells PaymentsSource.

The Reserve Bank of India is asking the nation’s credit card issuers not to authorize payments to companies offering online foreign-exchange trading to the country’s citizens.

Instead of worrying about the negative impact legislation may have on card programs, community-based financial institutions should analyze what cardholders want from a rewards program by examining their card use and create programs that cater to those results, a new white paper suggests.

When calculating the biggest losers of the Durbin amendment’s cap on debit fee count among them Navy FCU, the nation’s largest credit union and seventh-largest issuer of Visa debit cards.

Jeroo Inc. said it is testing a mobile payment technology called Scan&Ship Enterprise.