Credit

Toronto-Dominion Bank's mobile banking application has been downloaded more than 100,000 times in the first 10 days since its release.

SEATTLE — Nacha is pushing forward with a program aimed at making online bill presentment less costly for banks to offer their customers.

The loyalty-rewards program provider Vesdia Corp. is teaming with the technology developer Cardlytics to target merchant offers to cardholders based on their spending histories.

The activist shareholder Evelyn Y. Davis made her presence felt at American Express Co.'s annual meeting Monday, complaining about not receiving paper statements, among other things.

Competition is intensifying among global commercial card providers, especially for several large U.S.-based issuers seeking growth in markets abroad.

Visa Inc. felt the effects of the global economic recession in 2009, as U.S. consumers transacted less on credit. But strong gains in Visa’s U.S. debit card volume during the year helped to offset the slowdown in credit card use, and the company’s overall profits soared.

Fiserv Inc. plans to offer a same-day bill-payment service to banks by the second half of the year through a partnership with the Minneapolis-based funds-transfer company MoneyGram International Inc.

Small-business owners’ confidence rose in April, and a growing number are reporting improving business conditions, according to new data Discover Financial Services released April 26.

One payments company and four investor groups remain in the running for RBS WorldPay Inc., the merchant-services division of United Kingdom-based Royal Bank of Scotland, according to a source with knowledge of the process.

Turkiye Garanti Bankasi AS, the Turkish bank in which General Electric Co. has a 21% stake, reportedly will pay gold to customers who sign up for a new credit card, the Istanbul newspaper Star reported last week.

Card fraud has slowed to a crawl at Las Vegas-based Clark County Credit Union and CIO Roy Holmstrom is wondering whether he should thank his card-fraud prevention system for the good news.

Apple Inc. has the power to make mobile payments huge, but not quite in the way bankers hope.

The Single Euro Payments Area, an initiative the European banking industry launched in 2002 to link European Union and other euro-based countries’ separate national payment systems into a standardized system, remains a work in progress. And not everyone believes the European Payments Council, which is responsible for the initiative that has seen several delays already, can complete the task by December 2012, as the European Commission has proposed.

Benefiting from an overall improved global economy, American Express Co. yesterday reported a 102.5% increase in net income for the first quarter ended March 31, more than double what it earned a year earlier.

TazTag, a France-based contactless-product maker, will include a Near Field Communication chip inside its TazCard, a 3.5-inch wide touchscreen card, according to Inside Contactless, a France-based contactless-chip maker.

Citing improving performance in its pared-down portfolio, Capital One Financial Corp. on April 22 reported its credit card unit earned $489.6 million in profits during the quarter ended March 31, up dramatically from $3.3 million a year ago. Total revenue was $2.83 billion, up 4.8% from $2.7 billion.

Increased revenue in several international markets contributed to positive first-quarter revenue growth for Ingenico SA, a France-based company. The company’s payment-terminal business experienced revenue growth after being “severely impacted” by the difficult economy in 2009, while its transaction-services business “performed in line with” company expectations, Ingenico noted April 21.

The credit card charge-off rate rose again in March, reaching a point that is “at or near a peak,” Moody’s Investors Service said in a report this week.

Shares of eBay Inc. reportedly had their biggest drop in more than a year Thursday after the company posted first-quarter earnings that missed estimates.

The Standard Online Tourism Architecture network, an e-tourism platform used by more than 16,000 travel operators in Malaysia, has reached an agreement with U.S.-based eBay’s Inc.’s PayPal online-payments service to enable member travel agents to make or receive cross-border payments online, according to a statement from Creative Advances Technology Sdn. Bhd., the network’s creator.