Credit

Oman’s BankDhofar has launched a promotion in which 25 credit cardholders will win back an entire purchase initiated with their cards, the bank announced Nov. 6.

More than half of the nation’s largest financial institutions offer mobile-banking services, which continue to evolve from being an extension of online banking to supporting person-to-person funds transfers and other payment capabilities, according to a new report from First Annapolis Consulting Inc.

USA Technologies Inc. generated $4.4 million in total revenue during its fiscal first quarter ended Sept. 30, up 15.8% from $3.8 million during the same period last year, the provider of wireless payment acceptance announced Nov. 10. The company reported a net loss for the quarter of $1.9 million, an improvement from the $2.9 million loss a year earlier.

NetSpend Holdings Inc. says it would not shy away from offering new credit products to its prepaid card customers despite regulators clamping down on its largest issuer.

U.S. consumers’ average credit card debt fell by 7% through the first 10 months of the year, while average credit scores in recent months stabilized, according to new data Credit Karma released Nov. 10.

A recent partnership involving PaymentVision and PayNearMe Inc. is enabling consumers to use cash to pay for online purchases and bills at 7-Eleven Inc. convenience stores, PaymentVision, a Gaithersburg, Md.-based electronic payment services provider, announced Nov. 8.

Discover Financial Services is offering extra cardholder benefits for the holiday season, the company announced Nov. 10.

Amalgamated Banks of South Africa Ltd. is partnering with card-technology provider Oberthur Technologies to issue a prepaid card supported by MasterCard’s PayPass contactless service.

The total number of consumer statute lawsuits filed in the Oct. 16-31 period reached 503, a slight increase from 497 in the first half of October and bringing the month's total to 1,000, according to data from U.S. District Courts.

Though the Consumer Financial Protection Bureau has jurisdiction over a wide range of financial products, Elizabeth Warren is making credit cards her top priority.

Bling Nation Ltd. said Tuesday that its mobile contactless payment system will be accepted by the regional grocery chain Brookshire Grocery Co.

Discover Financial Services Inc. said its senior vice president of finance and chief accounting officer, Mark A. Zaeske, plans to resign.

Releases of loan-loss reserves continued to fuel bank earnings in the third quarter, and there may be plenty of gas left in that tank.

Declines in same-store sales at small and midsize businesses appear to be easing up, suggests the Small Business Credit Sales Report.

Discover Financial Services is taking competition to heart with two major sports-sponsorship deals, signaling a major change in its allocation of marketing dollars. The deals involve the National Hockey League and college football’s Orange Bowl.

Kinecta Federal Credit Union has begun issuing contactless credit cards supported by MasterCard Worldwide’s PayPass service to new and existing members, the financial institution announced Nov. 9.

Culver Franchising System Inc. has become the third retailer to support First Data Corp.’s Facebook e-Gift Application, which enables consumers to provide recipients with a code to use to redeem funds provided as a gift at 426 locations, the fast-food restaurant chain announced Nov. 8.

Fundtech Ltd. has begun offering clients of its PayPlus USA service access to American Express Co.’s FX International Payments services, the global banking-transaction services provider announced Nov. 9.

U.S. households sent at least $11.7 billion abroad through remittances during a 12-month period between 2007 and 2008, and typical amounts sent ranged between $500 and $1,000, the U.S. Census Bureau said in a report released Nov. 8.

With mobile access now widely accepted as a consumer channel, more banks are turning their attention to businesses.