A mobile-payments effort seemingly designed to exclude banks may accomplish the exact opposite.

MasterCard Worldwide continues its realignment of top executives, most notably with last week’s announcement of the pending departure of emerging-payments head Josh Peirez and a new executive appointed to lead the card network’s franchise development.

Online-payment service provider PayPal Inc. plans to deploy a new and different approach to target consumers, merchants and developers in its quest to expand in Japan, the payments unit of online auction site eBay Inc. announced in late July.

Experian's latest monthly Business Benchmark Report shows that businesses of all sizes were relatively stable in the first half of 2010, with only slight variations in the average percentage of dollars delinquent and percentage of dollars severely delinquent.

AT&T Inc., Verizon Communications Inc. and T-Mobile USA are attempting to create a system to bypass credit and debit cards and allow consumers to pay for purchases by smartphones, Bloomberg News reported Monday, citing unnamed sources.

LAS VEGAS-A credit union pioneering a no bricks-and-mortar, online-only strategy believes other CUs will need to look to the same model.

Bling Nation Ltd. has begun issuing its mobile payment stickers to employees of PayPal Inc. at PayPal's headquarters in San Jose.

U.S. consumer credit charge-off rates continued declining in June, continuing a trend underscoring the improving health of card issuers’ portfolios.

The virtual gift card provider Giftango Corp. said eight incentive and loyalty companies have signed with it to date.

Mobile banking through mobile devices such as cellular phones, smart phones and personal digital assistants has more than doubled globally since 2008 with consumers in the Asia-Pacific region, Central and Eastern Europe and the United States at the forefront, new research from KPMG International suggests.

IPay POS Credit Card Terminal, the new version of the mobile-payment acceptance application called ProcessAway, now works with multiple gateways and comes with a card reader to accommodate card-present transactions, according to Randy Palermo, who developed the application that works on Apple Inc.’s iPhone.

Taiwan’s Taipei Fubon Commercial Bank Ltd. and department store Uni-Hankyu this week announced a chip-based cobranded MasterCard credit card that also functions as a transit card, the bank said.

American Express Co. is looking at potential acquisitions that would strengthen its competitive position in alternative payments as credit conditions continue to improve and competition heats up for high-end consumers.

WINSTON-SALEM, N.C. – Members CU has contracted with tw telecom to provide it with a suite of managed IP VPN, voice, data and Internet services in 20 state-wide locations.

Citing positive customer reviews regarding its mobile-payments service, Starbucks Corp. plans to expand the scheme later this year, CEO Howard Schultz revealed July 21 during an earnings conference call with analysts.

Home Trust Co., a Canadian issuer of Visa-branded credit cards and one of Canada’s leading trust companies, has chosen Gemalto to manage its conversion from magnetic-stripe to EMV chip-and-PIN cards, the France-based chip card maker announced July 27. Terms were not disclosed.

Bharat Sanchar Nigam Ltd. has signed a partnership agreement with Mumbai-based Union Bank of India to launch a bill-payment and mobile top-up service in India, a spokesperson for the Delhi-based telecommunication operator tells PaymentsSource.

The U.S. banking industry’s reliance on mag-stripe credit and debit cards threatens to turn the country into a magnet for more card-based fraud, said a payments executive with the Federal Reserve Bank of Atlanta in a blog posting last week.

Citigroup Inc. has told its U.S. mobile banking customers they should upgrade to a new application for Apple Inc.'s iPhone after the bank's original version was found to have a security flaw, reports Dow Jones.

Chase Paymentech Solutions LLC will offer a New York startup's mobile coupon technology to its merchant customers under an agreement the companies finalized last week.