Visa has announced with Gap, "a leading global specialty retailer", to deliver real-time discounts and promotions to consumers via SMS text messages. Gap customers who opt-in to participate in the service are notified of money-saving discounts or promotions in real-time while shopping.

Intuit has announced that its iPad-optimized GoPayment app is now available on the App Store.

This optimized version of the GoPayment app makes mobile payments easier with a new layout that takes full advantage of iPad's large, high-resolution display and Multi-Touch interface. It also includes new features such as the ability to add product photos, making it easier to find a product and complete a sale. GoPayment is also compatible with the free Intuit Credit Card Reader letting users save time by swiping credit cards instead of entering card data manually.

Capital One has reported first quarter 2011 financial results. In its credit card business, first quarter Domestic Card purchase volumes grew $3.0 billion, or 13.8%, from 1Q2010 but declined by $2.0 billion, or 7.3%, compared to 4Q2010 due to seasonal patterns. The net charge-off rate for Domestic Cards improved 108 basis points to 6.20% from 7.28% in the prior quarter.

On the wires:

• Fiserv Launches Enhanced Relationship Rewards for Premier, Now with Loyalty Points
• IronKey Research Finds UK Organisations Fearful of Organised Cyber Crime

On the web:

• Business Standard: RuPay Network Likely to be Rolled Out in 18 months in India
• NetBanker Blog: 30 Most Popular iPad Apps from U.S. Banks and Other Financial Services Companies
• Skatter Tech: Apple Stores Now Stocking Square Card Readers
• Freshbooks Blog: PayPal Business Payments – $0.50 Flat Fee Online Payments
• Digital Money: Contactless in Chaos