Payment cards

The three credit unions from Connecticut will receive a variety of services from the credit union service organization, including bill pay.

Consumers who own multiple cards often use them as budgeting tools — a credit card for entertainment, a prepaid card for groceries, etc. — but that method typically can't be applied to any purchases that are paid in installments.

Even among the experts in the payments industry, people still use cash. Banks can't ignore this, according to Paul Amisano, senior vice president for enterprise digital and payments strategy at BB&T.

Visa, Mountain America Credit Union and Fingerprints AB were thrilled with their biometric card test, but also faced the grim realization that real world infrastructure may not be as accommodating.

While the card networks have greatly benefited by the global boom in e-commerce, they are confronted with the corresponding growth in digital advertising. This will increasingly lead them to seek out data-sharing deals like Mastercard's reported arrangement with Google, which could prove vital to the networks' future survival.

Payments CUSO said it converted a ‘record number’ of credit, debit accounts in 4 months.

ATM jackpotting is a growing threat throughout the United States, with thieves attempting to attack the most vulnerable locations possible, according to Paul Albright, executive vice president of Outsource ATM.

Even as the payments landscape has become increasingly complicated and convoluted over the past several years, many industry players have not kept pace with their payments testing methods or tools, writes Steve Gilde, director of global product marketing for Paragon Application Systems.

One expert says the U.S. lags behind other countries, but changes are coming soon – and fast.