Credit

More and more banks in Nigeria have begun shifting to EMV chip-and-PIN cards following various directives and warnings from the Central Bank of Nigeria, an official from the bank tells PaymentsSource.

ATLANTA – Delta Community CU has introduced its own mobile banking program, which it said will provide both consumer and business services members with convenient and secure access to real-time account information through their cell phones, smart phones, PDAs or other mobile devices.

Nokia Corp.’s decision last week to include an NFC chip in every one of its smart phones starting next year finally could help move the technology from scattered worldwide pilots to a major rollout and widespread consumer adoption, observers say.

Consumers with rewards-based cards prefer lower-value benefits such as cash-back incentives to longer-term perks such as airline miles, survey data suggest.

Point-of-sale terminal makers want to be known for more than solely selling hardware. All three of the major terminal makers–Ingenico S.A., Hypercom Corp. and VeriFone Systems Inc.–are turning to recurring service revenue to bolster their financial results.

KT Corp. expects soon to buy a stake in Korean credit card issuer BC Card Co., Korea’s second-largest mobile carrier announced June 16.

PayPal Inc. is beginning its second contest to encourage third-party software developers to create applications that tie into its payment system.

Mobile payments have yet to take off domestically, but NACHA is positioning the automated clearing house network to play a prominent role, if and when they do.

First Data Corp. said Thursday that The Bankers Bank of Oklahoma City will use its Internet banking technology.

Socialwise Inc. said three sports retailers plan to accept and promote its BillMyParents online payment system.

First Federal Savings Bank is doing something different from other banks that issue contactless payment stickers. It's doing something pink.

The Interac Association, which operates Canada’s sole PIN-debit network, is adding a contactless function to its EMV chip-and-PIN cards. Interac plans a national rollout in early 2011.

Eon Bank Bhd. is looking to add at least another 20,000 cardholders for its newly launched Visa Signature card over the next 12 months, a spokesperson for the Kuala Lumpur-based bank tells PaymentsSource.

Most cardholders in Singapore stay loyal to their first card issuer and have the highest outstanding balance with it, a first-time study by Credit Bureau Singapore Pte. Ltd. on credit card loyalty reveals.

Jeff Peiffer was so frustrated that his bank didn't offer an app for his phone that he made one himself, put it online — and watched it become one of the top finance downloads for Android handsets.

Credit card delinquencies and charge-offs at credit unions remained near all-time highs, even as the average balance on card accounts continued to grow in the first quarter, according to AssetExchange, a card broker for credit unions.

Philanthropists in the United Arab Emirates soon will be able to use Dubai-based Beit Al Khair Society’s ATMs to make charitable donations, an official from the humanitarian services provider tells PaymentsSource.

Maybank Singapore Ltd. is encouraging holders of its credit cards to use Giro payments to pay their monthly card bills with the launch of its “Pocket me Giro” rewards program, the bank announced June 14.

Yandex Money Ltd. has launched a program to enable users of its online-payment service to deposit cash into their electronic wallets using credit and debit cards issued by any Russian bank, the Moscow-based company announced June 9.

(This story was corrected and updated on 6/21/10 a 9 a.m. CDT)