Credit

Intuit, Inc., and several credit union defendants have asked a federal court here to dismiss a patent infringement suit brought by MShift over its mobile banking technology, saying the company’s patent is outmoded and not pertinent to their technology.

The next street performer you see may be marketing automated banking products.

Two point-of-sale terminal makers recently introduced new products or updates to their product lines.

The Bank of Namibia late last month authorized Mobicash Payment Solutions Pvt. Ltd. to offer a new mobile-payment service in the country, according to a Mobicash spokesperson. The service, which is scheduled to launch in October, will enable the institution’s customers to use their mobile phones to pay for goods and person-to-person funds transfers.

State-owned telecommunication operator Bharat Sanchar Nigam Ltd. on Sept. 13 launched a service that enables customers who have credit cards to pay their telco bills using their mobile phones, according to a spokesperson for the India-based company.

Domestic spending on Visa-branded cards in the U.S. continued to grow during the second three months of this year, while the economy and market effects took their toll on MasterCard Worldwide.

MasterCard Inc. is trying to reach the small but growing number of people who might be ready for mobile payments by sending them time-sensitive offers that can help them save money and become more comfortable using their phones to make purchases.

MasterCard Inc. has appointed Betty K. DeVita the president in charge of the payment network's Canadian operations.

The College of the Holy Cross is adopting a campus card program to let students, faculty and staff spend, on and off campus.

PayPal Inc. has hired an American Express Co. veteran, Leonard Shen, as its chief compliance officer.

In what Discover Financial Services says is a first for the payment card industry, the Riverwoods, Ill.-based card company on Sept. 13 announced an agreement in which it will offer consumers optional extended-warranty services through SquareTrade for electronics and appliances bought with Discover cards.

In a move one analyst says might be tied to poor results following a change in company sales strategy, Heartland Payment Systems Inc. has reassigned its chief sales officer to a regional director position, the Princeton, N.J.-based payment processor announced Friday in an 8-K report filed with the Securities and Exchange Commission.

Commuter-benefits provider TransitCenter Inc. has begun participating in the six-month contactless-payment trial MasterCard Worldwide is leading along with three New York-area transit agencies.

U.S. consumers’ average credit card debt fell during the first eight months of this year, while the average credit score also inched down from the start of the year, according to new data Credit Karma released Sept. 13.

Rancho Cucamonga, Calif.-based Co-op Financial Services will add credit card processing to its debit card transaction processing business line.

Visa Inc. and MasterCard Worldwide have experienced mixed results in the U.S. issuance of debit cards carrying their logos. But both brands have seen the issuance of credit cards with their brand marks tumble as issuers cut their exposures to financial risk.

The analytics provider CoreLogic Inc. has two new products it says will help online lenders more accurately assess the risk associated with nontraditional credit applicants.

A new venture capital firm focused on funding technology companies catering to the growing underbanked population has made its first investment, in GoalSpring Financial Inc., a San Francisco startup marketing an online debt management program.

The number of consumers swiping their credit cards dropped dramatically last year, according to a Javelin Strategy and Research report released this month.

Person-to-person payment systems are taking off, but person-to-person payments are not.