Payments

PayWare Mobile users that have Apple Inc.’s iPhones would be able to accept PayPal funds by bumping their phones with PayPal's users' iPhones under an agreement PayPal Inc. and VeriFone Systems Inc. announced Oct. 26.

MasterCard Inc. has completed its acquisition of DataCash Group PLC.

Developing business applications for mobile banking could help banks solve one of the quandaries of the emerging channel: how to make money in it.

Mobile is taking Manhattan through the latest expansion of Starbucks Corp.’s payment trial.

Financial institutions should focus on marketing to individuals between the ages of 18 and 34 to grow their emerging consumer-payments businesses. But the so-called Millennial Generation surprisingly is nonplussed by mobile payments, despite its growing exposure in the market, suggest the results of a recent study.

Five credit unions have agreed to use the remote deposit capture services from Eastern Corporate Federal Credit Union and its wholly owned subsidiary Vertifi Software LLC, Eastern Corporate announced Oct. 21.

A cacophony of marketing voices is urging ISOs and acquirers to consider mobile point-of-sale services as a way to grow revenue and potentially reach new merchants.

LAS VEGAS — In their efforts to sign people up for mobile banking, banks can be their own worst enemy.

Zimbabwe’s first mobile-payment system launches next month.

EBay Inc.’s payment unit, which includes PayPal Inc. and Bill Me Later, continues to gain momentum as it expands its offerings into mobile and contactless payments.

Five of the nation’s largest credit card issuers reported improvements in September charge-off rates on outstanding receivables, prompting Moody’s Investors Service to suggest in a report this week that August’s uptick in charge-off rates was a blip, not the reversal of an overall trend of improving charge-off rates.

Dynamic Card Solutions’ mobile-payments personalization platform has begun supporting Tyfone Inc.’s SideTap microSD memory card for contactless payments, the Englewood, Colo.-based provider of instant card-issuing technology reported on Oct. 19.

NCR Corp. said Tuesday that it had bought Mobiqa Ltd., a mobile provider of tickets, boarding passes, downloadable applications and coupons.

KENSINGTON, Md. – Signal Financial FCU said it has increased the signature debit usage of its cardholding members by 80% through CO-OP Financial Services’ Revelation, a Web-based tool that gives it the ability to analyze cardholder transaction data.

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.

Ventura County CU has installed S1 Corp’s mobile banking application.

Austin, Texas-based University Federal Credit Union has contracted with Firethorn Holdings LLC, a unit of Qualcomm Inc., to provide its members with mobile banking services.

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.

ALEXANDRIA, Va. – Pentagon FCU is offering 3% cash back on electronics and sporting good purchases on its PenFed VISA Platinum Cash Rewards Card.

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