Credit

Online retailer Overstock.com is teaming with MasterCard Worldwide and First National Bank of Omaha to issue a cobranded credit card.

Qatar National Bank Ltd. has launched the first mobile-to-mobile funds-transfer service in Qatar, the Doha-based bank announced Sept. 22.

Credit cardholders from Standard Chartered Bank Bangladesh Pvt. Ltd. may make purchases on installment under an agreement the issuer announced Sept. 24 with Dhaka-based Advanced Chemical Industries Ltd.

Alexandria, Va.-based CommonWealth One FCU is paying members up to $1.50 per bill to teach them how to enroll in its online bill payment service.

American Express Co. has lost its second key executive to a retail banking company in the past 10 days.

Pivotal Payments, a merchant acquirer in Melville, N.Y., has agreed to purchase up to 33,000 payment terminals from Hypercom Corp.

MasterCard Worldwide is “tailoring strategies” around specific foreign-market situations to expand its global card-business opportunities, Walter Macnee, the card brand’s president of international markets, told attendees at the company’s symposium for media and analysts held Sept. 23 at MasterCard’s headquarters in Purchase, N.Y.

MasterCard Worldwide expects to increase its U.S. debit market share as a result of new network-routing rules included in pending federal changes in debit card interchange policies, Chris McWilton, MasterCard’s U.S. Markets president, said Sept. 23 at the company’s symposium for media and analysts at its headquarters in Purchase, N.Y.

Sainsbury’s Finance, a joint venture of Lloyds Banking Group and J Sainsbury PLC, has launched a credit card that enables consumers to receive benefits both at home and while traveling abroad.

Bharti Airtel Ltd. has become the first mobile operator in India to receive a license from the Reserve Bank of India to offer mobile-payment services, the New Delhi-based company announced Sept. 22.

Net 1 UEPS Technologies Inc. will buy a 98.73% stake in KSNet Inc., a South Korea-based payment processor, the South Africa-based payments-technology provider announced last week.

The Treasury Department's chief banking regulator said Wednesday the creation of new financial products will be key to shifting low-income households into the traditional banking system, reports Dow Jones.

Australia and New Zealand Banking Group Ltd., Australia's third-biggest lender by market value, has been sued by customers seeking to recoup about $48 million in fees, reports Bloomberg News.

A judge has denied a motion by Visa Inc. and MasterCard Inc. to dismiss a lawsuit filed against them by SmartMetric Inc., according to court filings published Wednesday.

American Express Co.’s launch this week of a social media iPhone application that enables users to share information about their purchases represents one of the boldest moves lately by a credit card issuer and one that competitors already are watching closely, analysts say.

A recent partnership between Western Union Co. and Toronto, Canada-based electronic-wallet provider EnStream LP will enable Canadian consumers to send funds both domestically and internationally using their mobile phones. The companies plan to launch a pilot in Canada in December.

Bank of the West is planning to offer its small-business customers an ACH payment service that could make costly wire transfers unnecessary.

Walmart Japan Holdings G.K. and Japan-based card issuer Credit Saison Co. Ltd. on Oct. 1 plan to roll out the Walmart Card Saison American Express Card, the retailer announced earlier this month.

PayMate India Pvt. Ltd. has signed an agreement with Bank of Ceylon to launch mobile payment and banking services in Sri Lanka, the Mumbai-based mobile-payments provider announced last week.

By more than doubling its card-issuance total this year, Sberbank Ltd. has became one of Russia’s top five credit card issuers by number of cards issued, a spokesperson for the bank tells PaymentsSource.