The new Isis mobile-payments venture has recruited some merchants as it builds the acceptance side of its network, the Isis executive overseeing the merchant effort said on Wednesday. “We do have signed merchants at this point,” Jim Stapleton, head of sales and account management at Isis and a veteran of …

Congress heard conflicting testimony Thursday on whether implementation of new debit card restrictions should be delayed. The rules, which were proposed by the Federal Reserve in December as directed by the Durbin Amendment to the Dodd-Frank Act, came under attack in House of Representatives subcommittee testimony from financial-institution and network …

The rocketing popularity of Google Inc.’s Android operating system for smart phones could also propel near-field communication (NFC) technology for mobile financial services now that NXP Semiconductor and Giesecke & Devrient have introduced NFC software for Android phones. The open-source code, announced this week at a major telecom conference in …

JPMorgan Chase & Co. plans to use Mitek Systems Inc.’s Mobile Deposit software in future versions of its QuickDeposit service for mobile remote deposit capture across multiple smart-phone operating platforms. The announcement furthered Mitek’s lead as the top vendor in the fast-growing mobile-capture niche. Citing confidentiality agreements with customers, Mitek …

Despite being exempt from pending debit card interchange regulations, small banks seem to be convinced that their revenues are about to take a hit and are planning to raise account fees or reduce access to debit cards to compensate, according to survey results from the Independent Community Bankers of America. …

First Data Corp., one of the largest merchant processors in the country, said on Monday it will offer an Internet PIN debit option to its merchant clients starting some time in the second quarter. The option will be available to the company’s 300,000 merchants that derive at least some of …

The Electronic Transactions Association on Thursday released what it called “guiding principles” that would govern how payment card networks communicate with and implement operational changes that affect merchant acquirers. The guidelines ask the networks to release changes to interchange schedules and operational rules just twice a year and give processors …

In a move that could open up a significant chunk of the desktop market for digitized check processing, Panini North America this week introduced what are apparently the first check scanners inherently capable of working with Apple Macintosh computers. The development “opens up a heretofore unreachable segment for remote deposit …

Visa Inc. on Wednesday said it will relieve merchants outside the U.S. of the requirement to validate compliance with the Payment Card Industry data-security standard (PCI) if the merchants process at least three-quarters of their Visa transactions from chip-enabled terminals. In a busy day at the world’s largest payments network, …

The bane of payment cards and to a lesser extent demand-deposit accounts, identity fraud took less of a toll by some measures in 2010 than it has in the seven preceding years, according to new findings from Javelin Strategy & Research. Javelin’s annual study found that 3.5% of U.S. adults …