Credit

USA Technologies Inc. recently announced that the number of vending machines equipped with its wireless ePort Connect Service technology enabling credit and debit card acceptance has increased 58% within the past year and is on track to hit 100,000 by yearend.

Sberbank, Russia’s largest bank, last month officially abandoned plans to develop its Sberkart payment card program into a national payment system that would compete with Visa and MasterCard.

The Bank of China Hong Kong Limited and China UnionPay have begun offering a Shenzhen-Hong Kong cross-border automatic payment service through a BOC credit card, the bank recently announced.

NICE, France – A Russian national authorities believe may be one of the biggest sellers of stolen credit card data over the Internet was arrested here on a U.S. warrant last week and is waiting to be extradited to the U.S. to face charges.

A security vendor is trying to sell transaction monitoring services directly to consumers, a technology that until now has been offered primarily to banks.

The newest updates to the PCI Data Security Standard and the Payment Application Data Security Standard consist mostly of clarifications and additional guidance, says Bob Russo, general manager of the Payment Card Industry Security Standards Council that oversees the standards.

Newspaper publishers are recognizing consumers are using less cash and are making a move toward accepting plastic at vending machines.

BNP Paribas Le Caire, a Cairo-based subsidiary of the Paris-based bank, has launched the first contactless credit card in Egypt, the BNP Paribas Platinum MasterCard.

Singapore American School has selected The CBord Group Inc.’s CS Gold one-card program to manage the school’s card program that also will meet the needs of Singapore’s contactless marketplace, the Ithaca-based company announced July 27.

A unique merchant-funded cardholder rewards program just got a powerful new marketing channel — and, thanks to regulatory reform, a stronger pitch to make to banks.

KeyBank is offering customers text-based banking services through Fiserv Inc.'s Mobile Money program, the Brookfield, Wis., bank technology vendor said Wednesday.

Small-business owners now have more ways to interact with other entrepreneurs on the Visa Business Network.

Combined net income for South Korea’s six credit card companies dropped by 8.7% during the first six months of this year compared with the same period last year primarily because two of them reported losses, data from the country’s Financial Supervisory Commission reveal.

TechProcess Solutions Ltd. will provide online-payment services to customers of Standard Chartered Bank India under a deal the Mumbai-based company announced last week.

Shinhan Card Co. Ltd. of South Korea plans sell a 14.9% stake in BC Card Co. Ltd. to the country’s second-largest mobile carrier KT Corp., local newspaper The Korea Herald reports.

Thailand’s Bangkok Smartcard System Co. Ltd. has inked a partnership deal appointing Vix Erg Pty. Ltd. as a partner in the design and delivery of a smart card clearinghouse service for micropayments, the Australia-based technology vendor announced last week.

Apriva, a Scottsdale, Ariz.-based wireless-payments company, says it is working with MWJ LLC, an Atlanta-based vending-machine operator, on cashless vending services at 48 vending machines at Hartsfield-Jackson Atlanta International Airport.

The Brazilian state-run bank Caixa Economica Federal, the state-controlled Banco do Brasil SA and private bank Banco Bradesco SA have signed a memorandum of understanding to jointly operate the recently created credit card company ELO, reports Dow Jones.

First Data Corp.’s formation of the Banc of America Merchant Services LLC alliance with Bank of America Corp. in June of last year is paying dividends for the transaction processor.

Despite brick-and-mortar merchants and restaurants still experiencing a year-over-year decrease in credit and signature-debit card sales, the decline is becoming more moderate, and is even increasing at high-end restaurants, as the economy continues to slowly recover, new research suggests.