Because such open-platform payment providers as Pay Pal Inc., IP Commerce Inc., Amazon.com Inc. and Ixaris Systems Ltd. are moving into new markets such as mobile commerce to provide secure payment systems to merchants, they should carefully monitor their susceptibility to fraud risk and potential market changes, a new report suggests.

Dead phone batteries. Wrong merchant terminals. Terminals turned off. Terminals unrepaired. No terminals at all.

As credit card portfolio health continues to improve and consumer spending gradually picks up, card issuers are poised to see the first increase in overall credit card receivables next year, Moody’s Investors Service predicts in a Dec. 21 report.

An Ingenico S.A. board member reportedly contends a takeover bid for the France-based point-of-sale terminal maker could be renewed.

Citibank Korea Inc. is working with South Korea-based telecommunication operator KT Corp. to launch a free mobile wallet for its credit cardholders called Citi Mobile Card, the issuer announced Dec. 21.

Debt buyer Portfolio Recovery Associates' shares reached a 52-week high on Friday, with stock trading as high as $76.80. The stock previously had closed at $74.20. At mid-day on Monday, the stock was trading at $76.17.

The Federal Reserve Board on Wednesday approved an interim rule amending Regulation Z, which implements the Truth in Lending Act (TILA).

Only two of the 2,150 U.S. credit unions with credit card receivables of $1 million or more sold portfolios during the third quarter ended Sept. 30, as many buyers still remain wary about overall credit union health, according to AssetExchange, a Portland, Ore.-based credit union card broker.

The U.S. Department of the Treasury issued a final rule Dec. 21 to move to electronic payments instead of checks for federal benefits and nontax payments.

The purported functions supported by Apple Inc.’s often-rumored iPhone 5 could greatly impact the NFC-enabled smartphone market over the next two years, suggests a report released Dec. 15 by Mercator Advisory Group.

Heathrow Express has launched a free mobile-phone application designed to enable consumers to purchase train tickets and receive them directly to their phones, the United Kingdom-based train company reported Dec. 16.

An advertising company that offers Facebook Inc. credits to users who buy certain products says it has expanded its reach to more than 80 million users.

ELGIN, Ill.-Corporate America Family CU is one of the first credit unions to offer person-to-person payments through S1 Corp. and its PM Systems subsidiary's new deal with PayPal.

Many indicators from financial institutions, consumers and merchants suggest the United States payments industry is ready to adopt EMV chip-and-PIN technology, a new report suggests.

Ten merchants have signed on to use First Data Corp.’s eGift Social system for sending virtual gift cards online, the Atlanta-based transaction processor announced Dec. 17.

Citibank reported Wednesday that its charge-off rate on credit cards fell to 9.4% of balances from 10.3% in October, the largest drop among the top six U.S. credit card issuers for November.



The promise of personal financial management is to provide account data in a single view — but not all viewers are single.

GRAND RAPIDS, Mich. – Xtend Inc. said it has signed two west coast credit unions to its Xtension Call Center for inbound member support calls.

TOLEDO, Ohio – Directions CU has signed with eDoc Innovations to implement the company’s CheckLogic Lite remote deposit capture program for small business members.

Asta Funding Inc., a publicly owned debt buyer, Tuesday reported net income of $3.1 million for the fiscal year ended Sept. 30, compared to a net loss of $90.7 million during fiscal year 2009.