Payments

On its sixth day of intermittent website outages that began on Friday, Bank of America Corp. acknowledged its website troubles but would not cite the cause.

A regional rural bank in India on Sept. 29 launched a trial to test a new mobile-based version of India’s Kisan credit card, which farmers use to buy equipment and products such as fertilizer and seeds at a lower interest rate.

New regulations that are sweeping across the banking industry, particularly the Durbin amendment to the Dodd/Frank Act, have financial institutions and other card issuers scrambling to find alternative ways to boost fee income as traditional revenue streams tighten over time.

Passengers traveling by bus or train in Frankfurt, Germany, will have more options to pay for tickets using their mobile phones if they are carrying a Blackberry device when using the Rhein-Main Verkehrsverbund transportation system.

The launch of Amazon.com Inc.’s Kindle Fire in late September stoked the flames of the tablet war raging among providers such as Hewlett-Packard Co., Apple Inc., Research in Motion Inc. and Amazon Inc.

ALEXANDRIA, Va. – Pentagon FCU, which has been aggressively cutting fees on its cards and mortgage programs over the past 12 months, on Tuesday said it is eliminating the foreign transaction fee from the remainder of its credit card programs currently available in its card portfolio.

Controversy brewed in the Android Marketplace last week when Bank of America Corp. began rolling out a person-to-person payment feature in its mobile-banking application.

Apple Inc. is taking a pass on mobile payments for now as its new iPhone lacks a Near Field Communication chip.

OfficeMax Inc. customers may tap and pay using the Google Wallet mobile phone payment application at new checkout terminals the retailer has placed in more than 100 of its stores, the office-supply company announced Oct. 3.

Apriva LLC has released the Apriva Secure Communication Suite, which its ISS division designed to help secure mobile communications, the Scottsdale, Ariz.-based company announced Oct. 3.

Many bank risk-management executives worry that credit card delinquency rates, which have been declining for more than two years, may begin to rise again soon if the economy does not improve, according to new FICO survey data.

One hundred merchants across the U.S. will receive refunds from the Federal Trade Commission after being defrauded by an operation that provided debit and credit card processing services.

LIVE OAK, Texas – Randolph-Brooks FCU said it is has increased incentives to use its debit card by paying members 15 cents cash back on every debit card purchase through the end of the year.

Most banks design mobile sites as shrunken versions of online banking. Citigroup Inc.'s new website instead takes the lessons of mobile and blows them up for a bigger screen.

Banks are pushing mobile devices for payments, but an untapped–and more immediate–opportunity may involve using mobile phones to improve security on mainstream payment types, according to one security vendor.

PHILADELPHIA-Several days before the new debit interchange guidelines took effect, Visa and MasterCard were reportedly making a move to counter some of the impact of the Durbin rules, planning to raise fees merchants pay on small-ticket purchases.

NEW YORK – Bank of America said it will begin charging a $5 monthly fee in 2012 for all customers who make debit card purchases.

Banks and technology companies betting on mobile payments have to overcome a very basic hurdle: most Americans still do not have smartphones.

Borrowing money from a friend for a taxi ride, splitting the restaurant bill among a group of diners or sending funds to a student at college could become an easier and faster task through a new mobile-payment option Visa Europe is launching this week.

Mitek Systems Inc. has launched a single platform for remote deposit check capture and has formed a partnership that will help banks using its product fight duplicate-check fraud, the San Diego-based company announced Sept. 27.