Payments

Isis announced on Sept. 27 that several companies will launch mobile devices that implement its NFC and technology standards.

WARREN, Mich. – EXTRA CU has sold its $16-million credit card portfolio to TMG Financial Services.

The U.S. average credit card charge-off rate declined in August, resuming the general downward trend of the past two years following a slight uptick in July, according to a new Moody’s Investors Service report.

Banks tend to look at competitors in mobile payments with a wary eye, but they would be better off working with one segment of this group–telecommunication network providers, suggests Ernst & Young’s new report “Mobile Money 2011 (see report).

Kenya is proving to be a hub of mobile-finance innovation in the developing world, even as mobile-payment systems in the U.S. struggle to build an audience.

Google Wallet and its rivals are coming soon to bank customers’ mobile phones, but it turns out the vast majority of them could not care less, new research suggests.

MINNEAPOLIS – FICO was awarded eight new patents by the U.S. Patent and Trademark Office, including one for a new system of predicting, detecting and managing financial transaction device fraud using mass compromise analytics that could determine which cards need to be reissued after a data breach.

DEER PARK, Texas – Shell FCU has signed a full-service, single-sourced comprehensive electronic processing contract with Vantiv.

NEW YORK — MasterCard Inc. is preparing for the launch of Google Inc.’s mobile wallet within the next few weeks, but executives do not expect to see consumers regularly paying with their phones anytime soon.

GAINESVILLE, Fla. – Sunstate FCU has signed a single-source card processing contract with Vantiv.

PORTLAND, Ore. – Unitus Community CU is the first credit union to offer its members card customization through Member Access Pacific’s new contract with Serverside Group.

At least three of the nation’s largest credit card issuers, as a result of their strategic actions and market positioning, may eke out growth this year despite the sluggish economy, according to a new report from Keefe, Bruyette and Woods.

ALEXANDRIA, Va. – Pentagon FCU on Wednesday announced it has signed a contract extension until 2017 for credit and signature debit processing with PSCU Financial Services.

McGREGOR, Texas – Rocket FCU has signed with Vantiv for single-sourced electronic processing servicing, including: debit card services, card production, gateway services, debit portfolio management, fraud mitigation, enhanced chargeback processing and ATM driving.

LONDON – Monitise on Tuesday said it was awarded a UK patent for a “virtual payment card” that will allow consumers to make payments in shops and online with their mobile phone without divulging their card details.

In a move designed to streamline cross-border funds-transfers in the South Pacific, mobile funds-transfer service Vodafone MPAiSA Fiji on Sept. 9 announced new capabilities enabling consumers from Australia and New Zealand to send funds to anyone in Fiji with a Vodafone mobile phone.

Building on its growing momentum in contactless payments, Bank of Montreal is rolling out the Mobile PayPass Tag, a Near Field Communication-enabled sticker that consumers can attach to their mobile phones to make contactless payments in Canada, the bank announced Sept. 13.

ACI Worldwide has launched ACI Enterprise Banker 7.6, which will be fully enabled for mobile banking.

Citigroup Inc. has appointed several new people to the leadership team of its Citi Cards business.

South Africa’s First National Bank Ltd on Sept. 7 unveiled what it says is the nation’s first service enabling its customers to send funds to one another using only a cell phone number.