Payment processing

Bank of America Corp.’s Global Card Services unit on Oct. 19 reported a net loss of $9.87 billion for the third quarter ended Sept. 30; the issuer reported a $955 million loss during the same period last year. This past quarter’s loss includes a $10.4 billion goodwill-impairment charge that did not exist in 2009’s third quarter.

In rewriting Huntington Bancshares Inc.'s mobile and online banking strategy, Jeff Dennes faces a challenge he didn't have at USAA Federal Savings Bank: a large branch network.

Mitek Systems Inc. is debuting a mobile application that enables consumers to pay their bills using images of the bills captured with their smartphones.

Citigroup Inc. is reporting total revenues from Citi-branded cards of $4.16 billion for the third quarter ended Sept. 30, up 76.3% from $2.36 billion during the same three months last year. Citi card income from continuing operations totaled $454 million, up considerably from $6 million a year earlier.

The Paysafecard Group has brought its prepaid voucher product to the United States as it tries to capture a piece of the online gaming market.

Staples Inc. earlier this month began offering its customers the option to deposit certain store rebates into their PayPal accounts, a spokesperson for the Framingham, Mass.-based retailers confirms to PaymentsSource.

Companies continue to release mobile point-of-sale acceptance services amid few, if any, signs of the trend abating.

Independent sales organizations and acquirers will have work to do because of the Federal Reserve Board’s impending regulations that will set policy for establishing “reasonable and proportional” debit card interchange rates, panelists at the Western States Acquirers Association conference in San Diego told attendees this week.

Mobile payments settled over the automated clearinghouse system officially have entered the mobile-payments space, but not without sparking debate.

Mobile-payments company mPayy Inc. has added reloadable prepaid debit and payroll cards as an option to fund its accounts, the company announced Oct. 12.

A surging Indian economy is boosting overall payment card use in India, though the use of debit cards is growing significantly faster than that of credit cards, according to data from India’s central bank.

Financial institutions, mobile-phone networks, service providers, payment companies and transaction processors in both developed and emerging markets will be able to offer a wide variety of mobile banking and payments services under a enhanced technology platform Monitise PLC announced Oct. 14.

Mobile access to medical finances is becoming more important for employees — and their banks.

Chartway FCU said yesterday it has implemented the FIS Mobile Banking platform from Fidelity National Information Services.

Chartway FCU said yesterday it has implemented the FIS Mobile Banking platform from Fidelity National Information Services.

JPMorgan Chase & Co. on Oct. 13 reported third quarter increases in both net income and sales volume for its Card Services unit, aided by continued reductions in charge-offs and delinquencies and by a rise in consumer card use.

Card-skimming attacks are on the rise this year as crooks devise relatively simple, inexpensive new ways to compromise payment terminals, the Payment Council Industry Security Standards Council’s top technology executive told attendees last week at SourceMedia Inc.’s ATM, Debit & Prepaid Forum.

Card-skimming attacks are on the rise this year as crooks devise relatively simple, inexpensive new ways to compromise payment terminals, the Payment Council Industry Security Standards Council’s top technology executive told attendees last week at SourceMedia Inc.’s ATM, Debit & Prepaid Forum.

Global Payments Inc. announced on Oct. 11 a major delay in upgrading U.S. merchants to a new authorization system.

Merchant acquirers once again will be able to offer merchants dynamic currency conversion on Visa Inc.’s network now that the card brand has ended a six-month moratorium on expanded use of such services.