Payments

WASHINGTON – U.S. Public Interest Group, the leading consumer lobby on Capitol Hill, called on lawmakers to reject efforts to delay implementation of the cuts in debit fees, saying the issue has been studied long enough and the cuts will help consumers.

Merchants that want to accept payments from Google Inc.’s mobile wallet must go through a few more steps than simply enabling customers to “tap and pay.”

Star One Credit Union chose Tyfone Inc. for mobile banking services partly because of the vendor’s Near Field Communication-based contactless payment capabilities, the $5.6 billion credit union said May 31.

PNC Financial Services Group Inc. is making its mobile check capture technology available to its main customer base after a successful rollout with customers of its online-centric Virtual Wallet account.

American Express Co.’s top executive on June 1 poked proverbial holes in Google Inc.’s new mobile wallet, arguing in favor of a competing payments system his company is testing.

Mobile-banking customers are three times more likely to use mobile payments than are consumers generally, new research shows.

Mobile-banking customers are three times more likely to use mobile payments than are consumers generally, new research shows.

BISMARCK, N.D. – Capital CU said yesterday it signed with CO-OP Financial Services to process payments for its signature and PIN debit card programs.

This story was updated from its original version.

GE Capital Retail Finance and Alliance Data Systems Corp. on May 24 each announced extensions to long-term proprietary card programs.

Mopay Inc. on May 25 announced a new platform for mobile payments.

Starbucks Corp. is known for its nonalcoholic beverages, but the success of its mobile payments application has forced it to contend with a bootlegger.

PIERRE, S.D.-Lawyers for the Federal Reserve told a federal appeals court that expectations by Minnesota's TCF Bank for a continued revenue stream from debit transactions are not dependent on the free market but on card giant Visa, which paid the bank $100 million in debit fees last year.

After testing Mocapay’s mobile-marketing consumer engagement platform in November, Dazbog Coffee now plans to use it to launch mobile marketing promotions and mobile prepaid gift cards at 21 locations in Colorado and Wyoming, Doug Dwyre, Mocapay president, tells PaymentsSource.

The proverbial battle over mobile payments has turned into a legal one.

Banks are not yet able to meet the demand for mobile check deposit, according to a Javelin Strategy and Research study released on May 24.

The emphasis on broad merchant participation at the outset of development of the Google Wallet sets it apart from certain other initiatives and could be the crucial element in driving consumer adoption, according to at least one smart card industry executive.

Charles Schwab Corp. and Fidelity Investments have rolled out mobile check deposit services to their customers.

Google Inc.’s new mobile payment system puts pressure on Isis, the wireless carrier-backed joint venture trying to develop a competing system.

Sequent Software, a maker of products and services enabling Near Field Communication-based mobile payments, on May 25 announced the selection of Vivotech Inc. as its partner in developing mobile wallet-based NFC payment technology for commercial customers.