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At least one school district will soon review hiring a collection agency to offset aid it is not receiving as a result of the state's budget crisis.

Instead of fighting to own customer data, banks need to embrace a new model: becoming personal data banks that help customers do more than manage money.

Visa's Digital Commerce App is allowing financial institutions to develop their own mobile wallets. Many of its clients are credit unions and larger community banks which may not otherwise have the resources to develop such a product internally.

Samsung Pay has launched in Australia with support from American Express and Citigroup, though it said it is expanding its "partnership ecosystem."

The Federal Reserve Bank of New York’s latest Survey of Consumer Expectations reveals that consumers’ earnings and household income expectations for the coming year declined slightly from April to May while credit availability perceptions compared to last year and the coming year remained unchanged.

American Express has joined Visa and MasterCard as a major card brand offering faster authorization at the point of sale to ease the perception that EMV payments take too long.

Barclays said it's letting staff in the U.S. take more time off after having a baby, following a trend on Wall Street to try and make it easier for bankers to "successfully integrate" their professional and personal lives.

Debt collectors, credit card companies and mortgage lenders have borne the brunt of the Consumer Financial Protection Bureau's public enforcement actions over the past four years, yet banks have paid the most in penalties and restitution, according to a new study released by an agency insider.

E-commerce merchant sites powered through IBM commerce solutions will soon be able to offer customers Apple Pay as a payment option.

Credit card issuers were among the worst performing U.S. stocks Tuesday after Synchrony Financial said it expects higher write-offs within the next year as consumers struggle to repay loans.