Younger credit cardholders are more likely than the general population to apply for a new card in the next year, new survey data from Auriemma Consulting Group suggest.

Massachusetts Attorney General Martha Coakley's office announced Monday amendments to its Debt Collection Regulations that will modernize current regulations to include how companies may contact consumers by cell phone and through text messages.

Yespay International Ltd. has released its application programming interface specifications that merchants may use to integrate Yespay’s mobile-based services into their point-of-sale systems, the London-based payment-services provider announced on March 11.

Apple Inc. may not be building a contactless payment capability into its next iPhone.

The number of personal bankruptcy filings in February rose to 102,686, up 11% from January but down 8% from a year earlier, according to the American Bankruptcy Institute and the National Bankruptcy Research Center.

PORTSMOUTH, N.H. – Service CU has introduced its first mobile banking app and FinanceWorks, a free personal financial management system powered by Intuit’s Quicken.

American Express Co.’s plans to test an application program interface that connects its cardholders with social media giant Foursquare Labs Inc. creates a “powerful combination of digital behavior and spending behavior,” David Wolf, AmEx vice president of global marketing capabilities, tells PaymentsSource.

U.S. consumer credit card defaults declined again in January, reaching their lowest levels in more than two years as the economy gradually stabilized and more consumers were able to meet their payment obligations, according to new data from Fitch Ratings Inc. and Standard & Poor’s.

A year after testing mobile capabilities with its customers, Wow Bao, an Asian restaurant with three Chicago locations, is planning to launch a mobile gift card program with Mocapay Inc. by the end of April, PaymentsSource has learned.

The ongoing fight between Square Inc. and rival VeriFone Systems Inc. around payment security highlights the lack of common technical standards for mobile acceptance devices.

For the 11th consecutive year, identity theft topped the Federal Trade Commission’s annual list of consumer complaints. Credit cards ranked 10th in 2010, according to the FTC, which released the list March 8.

Consumers in India might have to pay fees if they want to manage their bank accounts through their mobile phones, according to a Reserve Bank of India official.

With online orders on the increase, Domino’s Pizza Group Ltd. in the United Kingdom has decided to add PayPal Inc. as a payment method, the global pizza chain announced March 7.

Competition to secure merchant users of mobile payment-acceptance services is on the rise. As a result, many companies have begun offering various options to appeal to small merchants.

The Federal Trade Commission will host a public workshop on April 28 to examine how debt collectors are using new technologies and how this affects consumers.

For some banks, social media is becoming much more than just a popularity contest on Facebook and Twitter.

Tanla Solutions Ltd. has launched a set of programming tools to allow micropayments within smartphone applications.

Regions Financial Corp. has updated its mobile banking capabilities to enable customers to transfer funds among internal accounts, pay bills and receive text alerts about balances and other details.

Hoping to appeal to small merchants looking for a means to process payment card transactions through mobile devices, Impact PaySystem LLC has begun offering a card-swipe device from iPhoneSwiper, initially for free, the companies announced March 5.

SAN DIEGO – Mitek Systems, which makes a popular mobile banking solution, has rolled out an application for mobile payments companies which it says offers consumers a convenient way to enroll their checking accounts.