American Express has reported financial results for the fourth quarter 2011. Net income of $1.2 billion, up 12 percent from $1.1 billion in the year-ago period. Kenneth I. Chenault, chairman and chief executive officer, American Express commented:

“Cardmembers spent a record amount on their American Express cards, continuing a trend that has translated into overall share gains during the last two years. Billed business rose 11%, showing broad-based improvements from the strong levels of a year ago. Online spending was strong as we capitalized on the accelerating popularity of digital commerce. Revolving credit balances grew, but at a much slower rate than spending as Cardmembers continued to manage their debt and household finances more cautiously. Credit quality remained excellent, with past-due loans and write-offs at historically low levels.

Over on Payments Views, our sister site, Glenbrook's Russ Jones blogs about The First Natural Law of Mobile Payments. Here's a hint.

There are lots of different mobile payment domains, lots of different use cases, and lots of different solutions — but if they don’t involve a mobile device to some degree, we certainly can’t call them mobile payments!

Bank of America has reported financial results for the fourth quarter 2011.

Card Services reported net income of $1.0 billion, compared to $1.3 billion in the year-ago quarter. The decrease in net income is due to lower revenue, partially offset by lower credit costs. Revenue declined 24 percent to $4.1 billion from the year-ago quarter, driven by a decrease in net interest income of $647 million from lower average loans and yields. Also contributing to the decline in revenue was lower noninterest income due to the implementation of new interchange fee rules in the fourth quarter of 2011 as a result of the Durbin Amendment, which reduced revenue by $430 million.

On the web:

• Taxicab Drivers Riled Up Over 5% Credit-Card Fee - WSJ.com
• Card.io Reaches Out to Devs, Offers Up Credit Card Payment Accounts to Joe Normal - Engadget
• CHARGE Anywhere Releases Audio Jack Card Reader for BlackBerry smartphones - intomobile
• MasterCard Seeks Partnership with Swedish m-payments JV - Totaltele
• PayPal Will Be Expanding Mobile Payments Test To 51 Bay Area Home Depot Stores - TechCrunch

On the wires:

• TSYS Signs Long-Term Processing Agreement with BancorpSouth
• Cash and Prepaid Converge as TxVia Partners With Allpoint Network
• PayPro Global Extends Its Payment Portfolio With the Implementation of Worldwide SMS Micropayments

American Express announced an operating agreement with Lianlian Group which will allow Lianlian Group to use Serve in products and services it develops for its consumer and business customers in China.

The Serve platform, which American Express will license to Lianlian Group, is expected to help power a new Lianlian Group digital wallet that consumers can use to top up mobile phone minutes, pay bills and purchase products or services. American Express has also made an equity investment in Lianlian Pay Inc., an overseas company of the Lianlian group of companies (collectively “Lianlian Group”).

PayPal's parent eBay announced financial results for 4Q2011.

PayPal ended the quarter with 106.3 million active registered accounts, a 13% increase year over year. On average, PayPal added a million new accounts every month in 2011. PayPal revenue for the quarter increased 28% year over year driven primarily by continued merchant and consumer adoption as well as increased penetration on eBay. In the fourth quarter, revenue from PayPal's international markets exceeded revenue from the U.S. for the first time, reflecting the company's strong global footprint and growth in emerging markets. PayPal's net total payment volume (TPV) grew 24% to $33.4 billion in the fourth quarter of 2011.

eBay reported that the PayPal 'take rate' fell slightly to 3.71% in 4Q2011.

Syncada from Visa announced that its global financial supply chain network processed more than $21 billion in payments during 2011, a substantial increase from 2010 and a record in annual payments for the company.

BilltoMobile has announced the availability of one-click processing for Mobile Web transactions on its Direct Carrier Billing (DCB) platform.

BilltoMobile's deeper integration with US carrier networks enables it to identify a wireless subscriber's phone number when they make purchases through Mobile Web on their handsets. In a one-screen user flow, a user is asked to accept the Carrier's Terms of Use via an opt-in check box and then to opt in a second time on the same screen by confirming the exact amount to be charged to the network-identified phone number. BilltoMobile's proprietary risk and fraud system, which already processes billions of dollars in mobile payment transactions annually in the US and Korea, ensures the security of the purchase is maintained.

On the web:

• By 2020, Half of all Visa Europe’s Payments will be Mobile - GigaOM
• How Risky? The Elements of an Effective Payments Risk Management Program - Portals and Rails

On the wires:

• BillMyParents Exceeds 1 Million Real Time Teen Purchase Alerts
• NACHA Launches ACH Messaging Campaign and Microsite to Provide Resources and Encourage Understanding of ACH Network and Payments
• Swedish mobile operators select PayEx and Accumulate for their joint mobile payment service
• Target Corporation Temporarily Suspends Efforts to Sell Credit Card Receivables
• TransFirst and Equinox Payments Team to Expand Mobile Payments

On the web:

• Attack of the New Bank Fees - WSJ.com
• Rare Legal Fight Takes On PCI Security Standards and Fines - Wired.com
• La Caixa, Visa Europe to Blanket Barcelona with Contactless Payments - American Banker
• Swedish Carriers Pick Mobile Wallet Suppliers - NFC World
• Verizon Versus Google Wallet - IEEE Spectrum

On the wires:

• MaxMind and TeleSign Partner to Provide Best-in-Class Multilayer Fraud Prevention
• Moneris Launches PAYD, a New Mobile Payment Processing Service

JPMorgan Chase has reported financial results for the fourth quarter 2011.

• For its Card Services unit, Chase reported net income of $1.1 billion, a decrease of $497 million, or 32%, compared with the prior year. The decrease was driven by a $1.7 billion lower reduction in the allowance compared with the prior year, predominantly offset by lower net charge-offs.
• Excluding the Washington Mutual and Commercial Card portfolios, Card Services net revenue as a percentage of average loans was 11.64%, compared with 11.78% in the prior year and 11.68% in the prior quarter.
• Excluding the Washington Mutual and Commercial Card portfolios, Credit Card sales volume was $91.0 billion, up 9% compared with the prior year and 7% compared with the prior quarter; excluding also the impact of the Kohl's portfolio sale, sales volume was up 14% compared with prior year.

Ingenico announced its relationship with PayPal, "which will enable merchants with Ingenico POS devices to accept PayPal payment options."

"PayPal's vision for the future of shopping includes people making purchases anytime, anywhere and over any device. Ingenico is helping PayPal realize this vision by putting PayPal in stores and at the point of sale," said Don Kingsborough, vice president of retail and pre-paid products. "Millions of PayPal users will soon have several innovative ways to make purchases at many of their favorite retailers, including using Ingenico terminals to swipe their PayPal payment cards or to enter the mobile phone number and pin associated with their PayPal accounts."

Based on its chip deployment experience in other parts of the world, Visa has released a set of recommended implementation practices customized for the U.S. market. Visa also clarified that its roadmap in the U.S. is about deploying the EMV chip, not mandating the use of PIN.

Visa will continue to support a range of cardholder verification methods (CVMs) with EMV chip, including signature, online PIN and no-signature for low-value, low-risk transactions. In the longer term, we expect the industry will reduce or even eliminate its use of static verification methods, such as signature and PIN in favor of new and dynamic forms of cardholder verification.

The blog post on the Visa guidance is here; the "Visa Recommended Practices for EMV Chip Implementation in the U.S." are here in PDF format.

In its latest custom research report, RIS News looks at retailers’ incredible interest in tablets and finds that "While only 6% of respondents report that tablets are fully deployed in their stores today, another 28% are currently testing tablets in stores and an additional 31% plan to begin testing in 2012."

VeriFone has announced a bevy of new products and services at the NRF 101st Annual Conference & Expo in New York, including the VeriFone MX 900 series of terminals (NFC enabled), VeriFone HQ (cloud-based terminal management and diagnostics), and VeriFone PAYware Mobile Enterprise for Tablet. VeriFone also indicated it would be doing more in digital payments and mobile wallets over the months and years to come, including support "PayPal PIN and PayPal NFC".

On the web:

• Tablet Computers Take Wait Out of Waiting Tables - San Francisco Chronicle
• KDDI Launches NFC in Japan - NFC World

On the wires:

• New Mercator Report on POS Terminal Market
• NCR Unveils Cloud-Based Point of Sale for Independent Retailers at NRF 2012
• AisleBuyer Accelerates the Mobile Retail Revolution with Version 2.0
• AJB to Offer PayPal for Retail Payment Processing