Credit

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.

JPMorgan Chase & Co. on Oct. 13 reported third quarter increases in both net income and sales volume for its Card Services unit, aided by continued reductions in charge-offs and delinquencies and by a rise in consumer card use.

U.S. consumers’ average credit scores fell two points during the third quarter ended Sept. 30, while the decline was sharper in certain regions in the South, according to new data Credit Karma released Oct. 13.

Bank card delinquencies fell 26 basis points to 3.62% of all accounts, the lowest mark since the first quarter of 2001 and far below the 15-year average of 3.93%, according to a report released last week by the American Bankers Association.

Cubic Corp. has launched an updated application that enables consumers in one German city to purchase public-transportation tickets using Apple Inc. iPhones, which display purchased tickets as barcodes scanned at turnstiles for entry, the transportation ticketing company announced Oct. 6.

Global Payments Inc. announced on Oct. 11 a major delay in upgrading U.S. merchants to a new authorization system.

Merchant acquirers once again will be able to offer merchants dynamic currency conversion on Visa Inc.’s network now that the card brand has ended a six-month moratorium on expanded use of such services.

Merchants wanting to integrate their transaction data into other business-management software have a new option.

In a ruling that will affect hundreds of credit unions, a federal judge agreed Friday to dismiss a suit by MShift claiming that Intuit Financial Services, formerly Digital Insight Corp., is infringing on its patent for mobile banking.