Payments

The charge-off rate on U.S. credit cards declined last month, along with the rate of card accounts past due, according to a March 26 report from Fitch Group’s Fitch Ratings Inc.

IMGCAP(1)]

SAN JOSE, Calif. – Tech CU is providing its members with an enhanced list of methods to prevent being the victims of fraud through mobile banking.

Fiserv Inc. Monday announced that SunTrust Banks Inc. will use its mobile-banking service that gives consumers more access to mobile-financial services.

Arkansans can now make payments to the state government over their mobile phones.

Three years ago banks rushed to be first to offer mobile text-message alerts notifying customers of suspicious credit and debit card transactions. Now Visa Inc. is trying to up the stakes by emphasizing the superior speed of its mobile transaction-notification service compared with other such services.

One of the new credit card law's lesser-known provisions is funneling distressed borrowers to credit counselors, an industry once tarred as predatory. In an ironic twist, that outcome pleases consumer advocates more than it does some bankers.

Prices for bad-debt portfolios have gone up in recent weeks, with prices for fresh debt improving at a faster rate than older receivables, according to several industry insiders.

NEW YORK – Municipal CU yesterday announced it has converted the processing of its 60,000 credit card accounts to PSCU Financial Services.

When The Fortunate Cup Coffee Cafe Inc. began accepting a new form of mobile payments last week, it also began to brew up more business for the bank that made it possible.

HOUSTON-Just 12 days into offering a new "family card," Texas Dow Employees CU has taken $1.4 million in transfers and expects it to bring in $3 million total given that early success.

Gift and loyalty services company SparkBase says its deal announced this week with Apriva will expand the potential number of merchants that can accept SparkBase products.

The mobile banking technology provider ClairMail Inc. announced a platform that it says makes it easier to adapt mobile banking systems as a bank's business and technology needs change.

Citigroup Inc. is learning many consumers today do not share its enthusiasm for mobile payments.

PayPal's new iPhone application is more than a payment system — the company is also trying to make it easier for people to use the app as a cash replacement.

MasterCard Worldwide for years has offered ATM Hunter only on its Web site, but interest in the ATM-finder service skyrocketed when the card brand made it available for smartphones, says Cheryl Guerin, MasterCard senior vice president, U.S. and digital marketing.

Credit card delinquency rates fell again in February, and the most promising signs in the data released this week were further declines in early-stage delinquencies - loans that are 30 to 60 days past due.

RALEIGH, N.C. – State Employees’ CU plans to roll out a stored value Visa card product later this month that will make it impossible for users prone to overdraft to spend more than they have.

First Data Corp. plans to use technology embedded into a digital memory card as the next step in evolving the payment processor’s contactless-payment technology.

Capital One Financial Corp. yesterday reported lower-than-expected charge-off and delinquency rates on its U.S. credit cards for February, prompting at least one securities firm to suggest credit card chargeoffs as a whole may begin to decline during the second quarter.