Visa has announced financial results for its fiscal fourth quarter and full-year 2010 which ended September 30, 2010 with GAAP net operating revenue for the quarter of $2.1 billion, an increase of 13% over the prior year and driven by “strong contributions across all revenue categories, in particular data processing and international transaction revenues.” GAAP net operating revenue in the full-year was $8.1 billion, an increase of 17% over the prior year. Some quarterly highlights: Payments volume growth, on a constant dollar basis for the three months ended June 30, 2010 on which fiscal fourth quarter service revenue is recognized,…

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Visa has announced a number of enhancements to the Authorize.Net Developer Center, a resource that enables “independent developers to create applications supporting electronic payments and related services for major payment networks including VisaNet.” The Developer Center builds on Authorize.Net’s existing platform, which Visa acquired as part of the purchase of CyberSource earlier this year. Besides an improved developer program, what’s new here is a PCI-friendly card acceptance technique called the Direct Post Method. “Because customer billing data posts directly to Authorize.Net without touching the merchant server, the merchant can retain control over the receipting experience without incurring PCI DSS overhead.”

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Ixaris has announced the launch of Ixaris Opn (pronounced “open”), an application development platform that helps developers create payment applications for financial institutions and specialized market segments. With a long history of partnering with global payment networks such as Visa, MasterCard and Swift, Ixaris will offer financial institutions the means to offer payment services through a publicly-accessible application development and operating platform. Ixaris Opn avoids cumbersome integration with banks’ own IT systems, thereby freeing them to bring new payment services to market. The development community can use the platform to create customized payment apps that can incorporate mainstream payment networks…

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Netherlands company Margento maintains a mobile transaction service based on what it call “Data-over-Voice”, which essentially works the same as the French solution above – your phone transmits data via sound, which is read and decoded by a scanner at the point of sale. It has announced it is entering into a 50-50 joint venture with the services branch of multinational company Bertelsmann, Arvato Services. Margento and Arvato will be using the Data-over-Voice system for loyalty/coupon redemption, payments for products and services, balance top-up, mobile tickets, and electronic gift vouchers.

Via GoMo News

Starbucks is testing a mobile payment system in Seattle and Silicon Valley.
Starbucks Card Mobile app allows users to add money to their card account from the app using a credit card, and then use it to pay for Starbucks products by swiping a 2-D barcode on the screen.

Just enter your Starbucks Card number and your iPhone ‘becomes’ your Starbucks Card.
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Bank of America has announced the BankAmericard Basic™ Visa card. “The new card features one basic rate for all types of transactions, including balance transfers and cash advances. That rate, which is tied to the U.S. Prime Rate, will not change over the life of the account.” The new card will be available online at bankofamerica.com in October.

Key features of the BankAmericard Basic Visa card include:

• The interest rate is the same for all transactions, including purchases and cash advances, making it easy for customers to keep track of their interest rate at any given time.

• One interest rate — U.S. Prime plus a margin of 14 percent — that never changes for the life of the account. Rate increases and decreases will only occur if the Prime Rate changes.

• No over-the-limit fee.

• Easy- to-understand, single-page disclosure explains terms and conditions.

• One flat fee of $39 for late payments.