Payments

With interest in mobile payments growing, First Data Corp. and South Korea-based SK C&C Co. Ltd. reportedly plan to collaborate to enable consumers in the United States, Canada and Mexico to use their mobile phones in place of physical wallets to initiate payment.

UMonitor’s financial-institution customers now may offer consumers person-to-person funds-transfer services to make payments via mobile phones or e-mail, the Web-based division of Memphis, Tenn.-based Parsam Technologies LLC reported on Sept. 14.

Most of the top credit card issuers reported increases in chargeoffs in regulatory filings this week, reversing a trend of several months of decline.

Payment processor Global Payments Inc. will sell VeriFone Systems Inc.’s PayWare Mobile service in Canada, VeriFone announced Wednesday.

Mobile operator du, the commercially branded name of the Emirates Integrated Telecommunications Co., has launched an automated payment service to enable its postpaid customers to pay bills using their mobile phones, the Dubai-based company earlier this month.

KETTERING, Ohio – Day Air CU has introduced an instant card issuing program, allowing members to receive their credit and debit cards the same day they open an account.

Intuit, Inc., and several credit union defendants have asked a federal court here to dismiss a patent infringement suit brought by MShift over its mobile banking technology, saying the company’s patent is outmoded and not pertinent to their technology.

The Bank of Namibia late last month authorized Mobicash Payment Solutions Pvt. Ltd. to offer a new mobile-payment service in the country, according to a Mobicash spokesperson. The service, which is scheduled to launch in October, will enable the institution’s customers to use their mobile phones to pay for goods and person-to-person funds transfers.

State-owned telecommunication operator Bharat Sanchar Nigam Ltd. on Sept. 13 launched a service that enables customers who have credit cards to pay their telco bills using their mobile phones, according to a spokesperson for the India-based company.

Card issuers within the past two years dramatically reduced consumers’ borrowing capacity to reduce the risk of losses during the recession. But new data suggest the bulk of the credit-line cuts came from closing inactive card accounts, not slashing active borrowers’ credit lines, Moody’s Investors Service noted in a report last week.

MasterCard Inc. is trying to reach the small but growing number of people who might be ready for mobile payments by sending them time-sensitive offers that can help them save money and become more comfortable using their phones to make purchases.

U.S. consumers’ average credit card debt fell during the first eight months of this year, while the average credit score also inched down from the start of the year, according to new data Credit Karma released Sept. 13.

RANCHO CUCAMONGA, Calif.-CO-OP Financial Services is adding credit card processing to its debit card transaction processing business line.

The electronic-billing technology company Transactis Inc. has acquired OfferIQ, a mobile coupon service provider for banks and merchants, the companies said Thursday.

Some credit card issuers are using a “dirty trick” to get around the new Credit CARD Act by marketing small-business cards to consumers, according to U.S. Sen. Charles Schumer, D-N.Y.

A claims administrator for the Federal Trade Commission on Thursday began mailing more than 22,000 checks to consumers who were victims of a deceptive telemarketing operation called Remote Response.

A Netherlands-based group consisting of banks and mobile operators has agreed to form a joint-venture company to support Near Field Communication mobile payments at the point of sale in 2012.

ANZ Banking Group has launched an application for Apple Inc.’s iPhone that enables customers to transfer funds to other mobile-phone uses in Australia, an official for the Melbourne-based bank tells PaymentsSource.

The mobile payment tech company Vivotech Inc. said Wednesday that it is working with DeviceFidelity Inc. to provide contactless payment capabilities for smartphones that can accept microSD memory cards.

MasterCard Inc. on Wednesday released a dedicated application for BlackBerry owners who want to use MoneySend, the card company's mobile person-to-person payment system.