Payments

CHICAGO-Discover Financial Services plans to introduce a new quarterly survey offering insights into credit union members' spending habits and confidence levels.

SAN RAFAEL, Calif.-A decline in interest rates being paid on consumer deposits during July is being attributed by many analysts to a Reg E deadline that is nearly here.

DES MOINES, Iowa-It's time to leverage the pricing advantage credit cards offer.

DALLAS, Texas-Credit unions have a prime opportunity to make inroads in card services, thanks to new federal regulations.

The mobile banking and payments company ClairMail Inc. said it had strong revenue growth in the second quarter.

PayPal Inc. has updated its mobile payment application for Android phones.

ILoveVelvet, a New York-based payment-technology company, says its new Velvet Suite products can enable merchants to use Apple Inc.’s iPhone and iPad devices as retail point-of-sale terminals.

Credit card issuers have eliminated many practices lawmakers deemed unfair as a result of the Credit CARD Act, most of which went into effect in February. But certain other practices that could put consumers at risk are on the rise, according to a study the Pew Health Group’s Safe Credit Cards Project released last month.

USAA Federal Savings Bank is shifting mobile banking into high gear by offering auto loans through customers' phones.

Turkish bank Akbank TAS is hoping to bring contactless mobile payments to its customers through a partnership agreement announced this week with Visa Europe.

State Farm Bank is the latest financial services company to offer a remote deposit capture service to its mobile customers.

Plastyc Inc. has revamped its mobile banking website for prepaid card customers.

MasterCard Inc. on Aug. 3 reported net income of $458 million for the second quarter ended June 30, up 31.2% from $349 million during the same period last year. Revenues net of operating expenses totaled $1.37 billion, up 7% from $1.28 billion.

PURCHASE, N.Y. – MasterCard reported a 31% surge in second quarter profits yesterday, fueled by an increase in international transactions, price increases and cost cutting.

Lockport, N.Y.-based Cornerstone Community Federal Credit Union, the largest credit union based in Western New York, has introduced a mobile banking service.

A mobile-payments effort seemingly designed to exclude banks may accomplish the exact opposite.

AT&T Inc., Verizon Communications Inc. and T-Mobile USA are attempting to create a system to bypass credit and debit cards and allow consumers to pay for purchases by smartphones, Bloomberg News reported Monday, citing unnamed sources.

Bling Nation Ltd. has begun issuing its mobile payment stickers to employees of PayPal Inc. at PayPal's headquarters in San Jose.

Visa Inc. last week reported net income of $716 million for the fiscal third quarter ended June 30, down 1.8% from $729 million during the same period a year earlier. Net operating revenue was $2 billion, up 21.2% from $1.65 billion, driven by growth in data processing and international transaction revenue, the company said.

Mobile banking through mobile devices such as cellular phones, smart phones and personal digital assistants has more than doubled globally since 2008 with consumers in the Asia-Pacific region, Central and Eastern Europe and the United States at the forefront, new research from KPMG International suggests.