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MShift filed suit in federal court in San Francisco Friday claiming Digital Insight is infringing on its patent for the company’s pioneering mobile banking technology that Digital Insight is providing to hundreds of credit unions and banks.

Mopay Inc. has announced plans to expand its global presence. Under the initiative, the Germany-based mobile-payments company hopes to enable U.S. consumers to purchase virtual goods and other digital content using their mobile-phone accounts, the company notes in a recent press release. It also hopes to create a new revenue channel to U.S. gaming and social-network providers.

Citing lower overall expenses, Target Corp. today announced improved results for its credit card operations during its fiscal fourth quarter.

Discover Financial Services said compensation for its chief executive, David W. Nelms, fell 31% in fiscal 2009, reports Bloomberg News. Nelms received compensation totaling $5.69 million in the fiscal year ended Nov. 30, reports Bloomberg News.

Moody's Investors Service Inc. said Monday credit card charge-offs climbed sharply in January, though early-stage delinquencies declined for the third month in a row, reports Dow Jones.

Visa Inc.’s announced hiring today of Bill Gajda, a top global wireless carrier trade association executive, to lead its mobile-payments initiatives could help the network brand cut through some of industry-sector obstacles blocking mobile-payment development, observers say. Gajda is chief commercial officer at the GSM Association, an international telecommunication organization that develops worldwide wireless standards for mobile communications, and after joining Visa he will continue as president of the GSM Foundation.

A payment breach at an unnamed Helsinki, Finland, business has exposed transaction records from more than 100,000 payment cards to hackers, reports YLE, a news service of the Finnish Broadcasting Co.

Hana Card Co. and South Korea-based telecommunication operator SK Telecom Co. plan to launch a mobile credit card payment service in March under a new joint venture, an official from the credit card company tells PaymentsSource.

ABN Amro Bank NV slowly is shutting down its credit card business in India, an official from the Dutch lender’s India operations tells PaymentsSource on the condition of anonymity.

Today, after nine months of intense and sometimes-frantic preparation, credit card issuers must be in compliance with most provisions of a law that fundamentally changed some industry practices.

Recent research says when it comes to choosing between making a mortgage payment and paying a credit card bill, cash-strapped U.S. consumers are increasingly picking the latter, reports Dow Jones.

Mumbai-based ICICI Bank has stopped accepting and soliciting applications for credit cards, according to local media reports.

China’s Supreme People’s Court and the Supreme People’s Procuratorate announced this week a judicial interpretation that clarifies several laws related to credit card fraud. The announcement is part of the recent crackdown by China on card crimes (see story).

Dejavoo Systems has signed a distribution deal enabling Tasq Technology Inc. to resell Dejavoo products, the Syosset, N.Y.-based point-of-sale equipment maker announced today. Tasq is a Rocklin, Calif.-based POS-equipment distributor.

Euronet Worldwide Inc., which conducts about 75% of its operations outside the United States, last week reported fourth-quarter revenue of $285.6 million, up 11.7% from $255.7 million during the same period in 2008. Revenue for the year totaled $1.03 billion, down 1.9% from $1.05 billion in 2008.

Citing the first quarter as a good time for consumers to focus on organizing finances, MasterCard Worldwide has begun re-running a “Priceless” television advertisement launched a year ago to promote the card brand’s bill-pay services, Steve Carnevale, MasterCard vice president of U.S. commerce development, tells PaymentsSource.

Vivotech Inc. and Zapa Technology Ltd. have forged a partnership to manage mobile-based rewards and payments for merchants in Europe, the companies announced on Feb. 18.

The Office of the Comptroller of the Currency announced a formal enforcement agreement Thursday with Capital One Bank for unfair credit card closing practices between 2004 and 2006.

Despite the dimming prospects for the creation of an independent Consumer Financial Protection Agency, Elizabeth Warren isn't ready to consider alternatives.

U.S. banks may be dropping their resistance to one of the world's fastest-growing payment card security formats, despite the prospect of increased costs.