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Mobile wallet and commerce provider Mozido continues to spread its wings with the launch of contactless payment capabilities for TWallet users in Indonesia.

It used to be that chargebacks were just another cost of doing business. But with the e-commerce world growing by leaps and bounds, online merchants are experiencing a corresponding spike in chargeback rates that's eroding their bottom lines and jeopardizing their merchant accounts.

Achieva Credit Union is believed to be the first institution of its kind to complete a whole-bank acquisition. The deal could provide a template for other credit unions keen on buying banks.

Merchants today face the daunting task of investing in several payment technology upgrades at once, and the confusion surrounding this process could bolster many pre-existing security vulnerabilities, argues point of sale security expert Chris Strand.

In a report assessing the impact of a 2009 reform law, the agency cited concerns on debt collection, deceptive rewards programs and so-called deferred interest products.

While Apple Pay has been received favorably since its launch last year, Google was technically the first mobile payments system on the block with their since re-branded Google Wallet. Android Pay is their latest foray into mobile payments and Google is set to drive agenda forward with significant advantages in adoption, capability, and compatibility.

A quick look at who’s climbing the credit union ladder.

Several lawmakers criticized efforts to include controversial banking policy riders in a yearend deal on Wednesday evening.

Northern Trust in Chicago has agreed to acquire Aviate Global, an institutional equity brokerage firm in the U.K.

A federal appeals court has ruled that Visa and MasterCard were coerced by law enforcement into cutting ties with a website that runs sex-related ads. The decision is a powerful statement in the debate over how far government officials can go in enlisting financial institutions as their deputies.