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Debt buyer Asta Funding Inc. Feb. 9 reported a decline in revenue due to a sharp drop in cash collections for its fiscal year first quarter ended Dec. 31.

Merchant surcharges for debit and credit card purchases in the United Kingdom are unfair, and merchants should be upfront regarding any additional fees they might charge, contends Which?, a UK-based consumer-protection advocacy group.

Monitise PLC more than tripled its revenue during the six months ended Dec. 31 compared with the same period a year earlier as the mobile-payments company worked to expand its customer base.

VeriFone Systems Inc. is taking its PayWare Mobile point-of-sale service outside the United States for the first time and is adding acceptance for EMV chip-and-PIN cards and Near Field Communication-enabled devices, the company announced Feb. 14 at Mobile World Congress in Spain.

As European and Chinese payment card issuers steadily move to support EMV-only cards that lack a magnetic stripe to conduct transactions, global competitive pressure may force the U.S. to adopt EMV chip-and-PIN technology, a top exec from a major international card manufacturer contends.

A goodwill impairment stemming from acquisitions Diebold Inc. made in Europe a decade ago helped generate a fourth-quarter loss, though the ATM maker is having some success in the U.S. with smaller banks, company officials noted during a Feb. 14 earnings call with analysts.

Consumers interested in contactless payment say they find the process easy and fast to use, according to research from Javelin Strategy & Research.

Consumers interested in contactless payment say they find the process easy and fast to use, according to research from Javelin Strategy & Research.

Banks are still debating the use of two-factor authentication for account access, even though hackers are getting more cunning and the tech bellwether Google Inc. just endorsed the extra layer of security.

Until a few years ago, payment card processors and merchant acquirers found it relatively easy to incorporate biannual April and October updates of interchange-rate tables and other mandates from the payment networks into their systems.

The U.S. is closer to EMV readiness than many realize, and it may not cost as much as previously feared, suggests a newly crafted “roadmap” to U.S. adoption of EMV chip-and-PIN technology.

With the law of supply and demand at work - more buyers chasing fewer deals - debt buyers continue to see portfolio prices remain stubbornly high, regardless of the age of the debt.

Many South Koreans may have to pay more in income taxes this year if the government removes the relief it granted 12 years ago on credit card spending when it announces its taxation policy next month.

Visa Inc. this weekend will host a session in Phoenix around its FIFA World Cup-branded Financial Soccer educational video game to help improve financial literacy among teens, Jason Alderman, Visa senior director of financial education, tells PaymentsSource.

Global Payments Inc. has promoted James R. Hicks to president of its Global Payments Asia Pacific Ltd. unit, where he will oversee the merchant processor’s payment operations in 11 Asian countries, the Atlanta-based company announced Feb. 11.

As the prevalence of high-deductible health care insurance plans rises, driving up consumers’ initial out-of-pocket medical expenses, doctors and medical clinics are seeking new ways to collect payments through credit and debit cards.

Cineplex Entertainment, which supports 132 theaters in Canada serving more than 70 million visitors each year, is giving consumers the option to pay for tickets from their PayPal account, the Toronto-based company announced Feb. 11.

The Chicago credit bureau TransUnion LLC has introduced two scores designed to help debt collectors target consumers who are most likely to make payments.

MasterCard Worldwide launched a beta version of its developer’s portal early last month, but the card brand has invited only about 1,000 programmers to participate, a MasterCard spokesperson said Feb. 10.

PayPal Inc. is pushing to expand use of mobile-wallet services as it stakes out its turf in the mobile-payments market, executives said Feb. 10 during a presentation at parent eBay Inc.’s analyst and investors day.