The credit outlook at the top six card issuers is getting brighter, with both chargeoffs and delinquencies falling again in July.

Vivotech Inc., a Santa Clara, Calif.-based contactless technology company, is adding encryption services from Voltage Security Inc. to transactions made with Vivotech’s Vivopay products.

Fannie Mae has announced that lenders selling the company mortgages are not required to run a second credit report before a borrower closes a home loan application.

Sberbank, Russia’s largest bank, last month officially abandoned plans to develop its Sberkart payment card program into a national payment system that would compete with Visa and MasterCard.

The Bank of China Hong Kong Limited and China UnionPay have begun offering a Shenzhen-Hong Kong cross-border automatic payment service through a BOC credit card, the bank recently announced.

A security vendor is trying to sell transaction monitoring services directly to consumers, a technology that until now has been offered primarily to banks.

KeyBank is offering customers text-based banking services through Fiserv Inc.'s Mobile Money program, the Brookfield, Wis., bank technology vendor said Wednesday.

Online Resources Corp.'s newest chief executive said the online banking and bill-pay vendor will become a more focused company under his leadership.

Apriva, a Scottsdale, Ariz.-based wireless-payments company, says it is working with MWJ LLC, an Atlanta-based vending-machine operator, on cashless vending services at 48 vending machines at Hartsfield-Jackson Atlanta International Airport.

PayPal Inc. is planning to turn off its PayPal Plug-In service, which lets users fund purchases at merchants that do not typically accept PayPal.

India’s UTI Mutual Fund is partnering with mobile-payments provider mChek Pvt. Ltd. to launch UTI Mobile, a service that enables investors to initiate payment instructions for investing in mutual funds from a mobile phone, a spokesperson for the Mumbai-based asset management company tells PaymentsSource.

Life Insurance Corp. of India Ltd. policyholders soon will be able to use their mobile phones to pay their insurance premiums, a spokesperson for the government-owned insurer tells PaymentsSource.

The percentage of U.S. homeowners with so-called "underwater mortgages" dropped in the second quarter as more homes entered the foreclosure process - even as price declined slowed, according to Zillow.com, a real estate Web site.

U.S. credit card borrowers shed $4.5 billion in debt in June, continuing the pattern of reducing overall outstanding receivables that began in the fall of 2008, according to a Federal Reserve G.19 report on consumer credit released Friday.

WEST JORDAN, Utah-Mountain America CU here has become the first credit union to offer a custom application for Apple's iPad tablet computer as part of the CU's massive move into mobile banking on Apple, Android, Blackberry, Palm and Windows Mobile devices.

WEST JORDAN, Utah-CUs can kill two birds with one stone and develop a simple mobile banking application that responds like an iPhone application but works on both iPhones and iPads, according to Tony Rasmussen, SVP-eServices at MACU.

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.

U.S. credit card borrowers shed $4.5 billion in debt in June, continuing the pattern of reducing overall outstanding receivables that began in the fall of 2008, according to a Federal Reserve G.19 report on consumer credit released Aug. 6.

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.