Credit

Corporations may gain more control over their working capital and speed the migration of business-to-business payments from checks to electronic payment channels through the use of two separate commercial card services Citigroup Inc. and American Express Co. recently launched, observers say.

Taiyuan Xinbao Parking Meter System Co. Ltd. plans to extend the deployment of contactless smart card technology from Legic Identsystems Ltd. to its parking-meter operations in China, the Germany-based technology provider announced earlier this month.

While most bank mobile apps are focused initially on iPhones, then move to Blackberry and Android in subsequent rollouts, it would appear that Android and iPhone are the way to go as BlackBerry falls behind its two rivals in sales.

A consumer group in Australia is criticizing Qantas Airways Ltd.'s plan to raise the card surcharge it imposes on purchases of international flights.

Discover Financial Services has begun to distribute credit cards and stickers that support its Zip contactless-payment service, the company announced Nov. 29.

Visa Inc. has announced a deal to promote e-commerce around the world in time for holiday shopping.

Visa Inc. is fattening its online shopping wallet, Rightcliq.

U.S. consumers’ credit scores dipped slightly during the recession and the total number of credit card accounts per household declined, but average credit scores remain well within the prime range, according to new data from Experian PLC.

Banks in India will be verifying applicants for Visa-branded payment cards using the Unique Identification Authority of India’s Aadhaar citizen identification-number scheme, a top official from the government authority tells PaymentsSource.

Banks in Malaysia are testing various promotions to win back credit card customers after an annual credit card tax introduced early this year sparked a sharp decline in the nation’s total credit card accounts.

American Express Co.’s recent announcement of a partnership with Walldorf, Germany-based business-software provider SAP could play a key role in the company’s efforts to expand its market share in routine commercial card and business-to-business payments, Andrew Jamison, vice president of B2B product development for AmEx’s Global Commercial Card unit, tells PaymentsSource.

Bundle Corp. is catering to a different appetite with its newest personal financial management tool: restaurant ratings.

Calling it a first-of-its-kind agreement, TMG Financial Services and Desjardins Bank of Florida, a subsidiary of Desjardins Group of Canada, have entered into an agreement to offer a consumer rewards credit card to bank clients in the United States.

Calling it a first-of-its-kind agreement, TMG Financial Services and Desjardins Bank of Florida, a subsidiary of Desjardins Group of Canada, have entered into an agreement to offer a consumer rewards credit card to bank clients in the United States.

Michigan State University FCU said yesterday it renewed its contract with Card Services for CUs to process its 86,000 credit and 116,000 signature debit accounts.

U.S. consumer credit card charge-off and delinquency rates fell once again in October as recession-related credit card losses continued to abate, according to new data Moody’s Investors Service released Nov. 22.

Omnego Inc. has launched a mobile wallet application that converts physical loyalty cards including stores’ coupons, rewards and other merchant updates into digital formats usable on mobile devices such as smart phones, the Toronto-based mobile technology company recently announced.

Consumers in the northern part of the state of Haryana in India soon may begin paying their electricity bills online, according to Uttar Haryana Bijli Vitran Nigam, a state-owned power utility.

Two major retail chains in Australia recently announced deals to accept contactless cards by the end of this year.

Instant-redemption opportunities, such as receiving cash back at the register, are causing more consumers to choose one card-based loyalty program over another, while airline mileage-earning programs are less alluring, according to new research from Chicago-based Mintel Comperemedia.