Credit

Citigroup Inc. is reporting total revenues from Citi-branded cards of $4.16 billion for the third quarter ended Sept. 30, up 76.3% from $2.36 billion during the same three months last year. Citi card income from continuing operations totaled $454 million, up considerably from $6 million a year earlier.

Staples Inc. earlier this month began offering its customers the option to deposit certain store rebates into their PayPal accounts, a spokesperson for the Framingham, Mass.-based retailers confirms to PaymentsSource.

Visa Inc. is hoping to harness the power of the 180 million-plus National Football League fans with the latest phase of the card brand’s “Go Fans” marketing campaign.

Companies continue to release mobile point-of-sale acceptance services amid few, if any, signs of the trend abating.

Despite an increase in spending on Visa Inc. cards in both July and September (August saw a decline), card-spending growth dropped during the third quarter as consumers remained cautious about their finances, according to Visa Europe’s UK Expenditure Index released on Oct. 7.

Another Indian state is beginning to enable local consumers to pay utility bills online to make the collection process quicker and smoother.

A shakeout among debt-relief firms is likely as such companies restructure their operations to conform with new Federal Trade Commission rules that take effect this month, experts say.

A lawmaker from the ruling party in South Korea reportedly is calling on representatives of local governments and public firms to stop accepting free overseas trips from credit card firms, calling the widespread practice “unethical” and akin to bribe-taking.

Mobile payments settled over the automated clearinghouse system officially have entered the mobile-payments space, but not without sparking debate.

A fresh take on the interactive payment card may be the farthest the technology has come in the United States, but the cards' cost may prevent them from reaching beyond niche customer segments.

Credit card issuers, bruised over the past two years by significant economic setbacks and regulatory changes, face the possibility of yet another shock, one analyst contends: a large, branch-based issuer potentially taking over another issuer or a major card network.

First National Bank of Omaha will be the first major financial institution to extend Cardlytics Inc.’s merchant-funded bankcard rewards to credit cardholders, adding it to the company’s rewards service the issuer already plans to offer to its prepaid and debit cardholders, Cardlytics announced this week.

Russian banks have issued 70 million Visa credit and debit cards over the past decade, the card company reported this week as it celebrated its 10th anniversary in Russia.

A surging Indian economy is boosting overall payment card use in India, though the use of debit cards is growing significantly faster than that of credit cards, according to data from India’s central bank.

HSBC North America Holdings Inc. on Oct. 14 announced long-term contract renewals with four U.S. merchants for private-label credit card programs.

Financial institutions, mobile-phone networks, service providers, payment companies and transaction processors in both developed and emerging markets will be able to offer a wide variety of mobile banking and payments services under a enhanced technology platform Monitise PLC announced Oct. 14.

Mobile access to medical finances is becoming more important for employees — and their banks.

Chartway FCU said yesterday it has implemented the FIS Mobile Banking platform from Fidelity National Information Services.

Chartway FCU said yesterday it has implemented the FIS Mobile Banking platform from Fidelity National Information Services.

Pennsylvania State Employees CU has introduced mobile banking through Firethorn Holdings LLC, a wholly owned unit of Qualcomm Inc.