Credit

JPMorgan Chase & Co. is trying to fix its consumer website after a failure late Monday left more than 16.5 million customers without access to online banking, reports Bloomberg News.

Citigroup Inc. has appointed Jud Linville CEO of its Citi Cards credit card business. He replaces Paul Galant, whom Citi named CEO of a new unit called Global Enterprise Payments.

Facebook Inc. wants more people to "like" its virtual currency system as it bids to become a more serious player in payments.

MasterCard Worldwide’s Sept. 14 announcement of its agreement to enter into a payments business-development deal with China UnionPay, along with news that Global Payments Inc. has gained permission to process card payments in China, suggests U.S.-based card players may be moving closer to cracking open the potentially lucrative Chinese market, analysts say.

Card-manufacturing startup Dynamics Inc. this week is unveiling details of Card 2.0, a computing platform usable in payment cards that changes the information on magnetic stripes and erases the stripe data when turned off.

Interbank FX LLC’s recent partnership with GlobalCollect will enable the Salt Lake City-based company to process credit card transactions for its international clients, Netherlands-based GlobalCollect reported on Sept. 13.

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.