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MUMBAI, INDIA–A company that enables India’s banking customers to conduct instant interbank mobile funds transfers is planning to extend the service to enable them to also pay for purchases at merchant locations, the firm’s chief executive told PaymentsSource here March 3 at a technology summit organized by the Indian Banks’ Association.

AT&T Inc. has added WorldPay US Inc. as a processor for the mobile-merchant payment initiative the telecommunication company launched last year, according to an entry posted March 1 on WorldPay’s blog.

Tee-On Golf System Inc.’s announced partnership earlier this week with Yespay International Ltd. will enable Canadian golf courses using Tee-On’s tee-time booking software to accept EMV chip-and-PIN payment cards, according to London-based Yespay.

Discover Financial Services ranks first in credit card satisfaction, home page satisfaction, ease of applying for cards online, and design and organization, according to a Keynote Competitive Research study on card-marketing websites.

Asset Acceptance Capital Corp., which buys defaulted consumer debt from credit card issuers and other lenders, on March 3 reported total revenue of $47.5 million for the fourth quarter ended Dec. 31, up 154% from $18.7 million a year earlier. The company’s net loss dropped 65.3%, to 7 million from $20.2 million.

Despite naming its product Virtual Wallet, PNC Financial Services Group Inc. has decided that its Web-centric bank account should be firmly grounded in the real world.

Hoping to increase overall loyalty, PNC Bank NA, a member of The PNC Financial Services Group Inc., is adding new credit cards to its portfolio whose rewards are based on the consumer’s relationship with the bank, the Pittsburgh-based issuer announced March 1.

Western Union Co. has introduced a mobile Web version of its foreign-exchange payment service that enables small and midsize businesses with international ties to conduct transactions using smartphones, the company announced March 2.

ATM independent sales organizations are worried about declining interchange rates, rising costs and pending legislation, but the majority are still looking to expand their businesses within the next year, the results of a recent survey suggest.

Citizens Financial Group Inc. said Wednesday that it will offer its commercial card customers a spending control service from MasterCard Inc., the banking company said Wednesday.

KB Financial Group has spun off its KB Kookmin Card credit card unit to help boost the program’s card base and to develop more financial products, a spokesperson for the South Korea-based company tells PaymentsSource.

WASHINGTON—An effort to delay proposed debit-interchange rules continued to build momentum March 2 as bankers and lawmakers called for a more effective exemption for small financial institutions.

Merchants’ security concerns are driving the development and sales of new payment hardware at VeriFone Systems Inc., the top executive at the payment-terminal maker told analysts during a March 1 conference call to discuss fiscal first quarter earnings.

As it looks to generate more revenue and to enable issuers of its cards to better analyze their customers’ transactions, MasterCard Worldwide is exploring ways to secure more volume for its processing switch from cards carrying the network’s brand, especially outside the U.S., Chris McWilton, MasterCard president of U.S. Markets, said during a March 1 presentation.

With fewer credit cards in their wallets after the recession, U.S. consumers are tapping more of the total credit lines available on the cards they do have while racking up less overall debt than they were a year ago, according to data Experian released March 2.

American Express Co. has completed its purchase of the European marketing service company Loyalty Partner, the company announced March 1.

Dwolla, a low-cost mobile-payments provider, has launched of what it is calling the first location-based payment technology, which will enable users to check in at various retailers and use their mobile phones to pay for purchases, the company. announced March 2.

Helped largely by the 2010 Vancouver Winter Olympic Games, spending by Visa cardholders visiting Canada last year rose 10.3%, to $6.4 billion from $5.8 billion the previous year, Visa Inc. announced Feb. 28.

A director of a Buffalo, N.Y. collection agency has been sentenced to two years probation and fined $28,000 after he admitted selling personal information to fraudulent debt collectors.

It would be easy to miss the most important lesson from Bank of America Corp.'s goodwill charge on its card portfolio — or take away the wrong one.