Singapore's Infocomm Development Authority has put together an industry group to develop a system under which consumers may pay for taxi fares and small purchases with their mobile phones.

ARNOLD, Mo. – Arsenal CU said it has implemented Financial Management Solutions Inc.’s ContactCenter Management System.

CHICAGO–Google Inc., Isis and PayPal Inc. each are attempting to position their mobile wallets as the one consumers will prefer to use on their smartphones.

The nation’s largest credit card issuers in September reported significantly fewer charge-offs than a month earlier, driving the average bankcard charge-off rate to its lowest level since 2007, according to new data Moody’s Investors Service released Oct. 26.

Two new Blackberry devices are the first Subscriber Identity Module-based Near Field Communication smartphones to receive MasterCard Worldwide PayPass certification, Research In Motion Ltd. announced Oct. 26.

The Commonwealth Bank of Australia on Oct. 26 unveiled a mobile-payment platform to enable iPhone-owning customers to do online banking, instantly send funds to Facebook friends or to anyone’s email address or telephone number, and, with the use of a special cover, make contactless payments.

PLEASANTON, Calif. – 1st United Services FCU has contracted with Geezeo for the company’s Referral Engine.

Taking mobile payments to new heights, MasterCard Worldwide soon will conduct a test of contactless-based payments at 30,000 feet, enabling passengers to purchase refreshments using its contactless PayPass technology aboard planes from WestJet, a Calgary, Alberta-based airline.

CHICAGO–The mobile-commerce market is littered with various wallet models, acceptance devices and applications, and this is forcing merchant-service providers to seek out ways to bring the elements together to help retailers maximize the channel’s potential, notes one mobile-payments executive.

The Beijing branch of China Telecom Corp. Ltd. has begun enabling customers to make payments using their China UnionPay cards over its mobile network as part of a pilot that launched Oct. 20.

Roughly half of adults in major global markets are interested in mobile payments because of the ease and simplicity they offer, but significant doubts persist about mobile-payment security, according to a study of consumers in the U.S., Canada, Great Britain, Germany and Malaysia released in early October.

The recent spate of credit card portfolio sales is helping boost more than just the buyers and seller. The behind-the-scenes players are seeing potential opportunities, too.

Genome projects map the relationship between human DNA and musical preferences, so why not that of consumers and their cards?

VIRGINIA BEACH, Va. – Virginia Beach Schools FCU has signed with Geezeo to deploy the company’s Referral Engine solution.

Accepting card payments with a mobile phone is becoming as American as baseball and apple pie now that Wal-Mart Stores Inc. is selling the Square Inc. reader that turns any smartphone into a card-acceptance device.

The recent arrests in New York related to what some have called the biggest counterfeit credit card scheme in U.S. history prompted some observers to suggest that recent actions in the U.S. to adopt chip card technology could put an end to such crimes.

Performance reports from Oct. 17 seemed to confirm the new equilibrium in the credit card universe.

TALLAHASSEE, Fla. – United Solutions Co., A CUSO owned by five area credit unions and one former credit union, has agreed to license the card customization technology owned by Serverside Group, becoming the first of more than a dozen credit union and bank defendants to settle a patent infringement suit brought in June by the London-based owner of credit card customization patents.

Experian PLC published a report Monday that showed business insolvencies across the United Kingdom rose in September as the country continues to be affected by economic troubles and the euro zone crisis.

The Commercial Collection Agency Association (CCAA) of the Commercial Law League of America reported Monday that members saw a year-over-year decline of 21% in the volume of accounts placed for collection, according to Annette Waggoner, executive director at CCAA.