Payments

PETERBOROUGH, N.H. — Bank credit card growth last year outpaced credit union card growth for the first time since 2007, a figure cards experts say indicates much tougher competition is ahead for CUs, especially around rewards.

PayPal and the mobile technology provider QikServe are working to enable U.K. hospitality businesses to accept orders and payments through the PayPal smartphone app.

Online video game developer and publisher InnoGames has chosen payment processor Worldpay to manage its local and international transactions.

Mobile imaging is vital to Green Dot's GoBank account, which relies on the mobile device for nearly all customer interaction.

Apple CEO Tim Cook detailed in an April 23 earnings call what many have believed will be the foundation for Apple's entry into payments: a strong iTunes customer base.

Most financial institutions and issuers of debit and credit cards, as well as merchant branded private label payment schemes, miss three key areas of due diligence in their return on investment (ROI) analysis of card-linked offers (CLO) programs: Incremental merchant results (Performance), Consumer offer targeting (Relevancy) and Merchant offers (Content).

Fueled by a new round of funding, Tradeshift plans to keep changing the way businesses make and receive payments through an open, cloud-based platform that connects a half million companies.

After alerting its customers in January that its arts and crafts store chain had suffered a potential data breach, Michaels Stores Inc. confirmed last week that at least 2.6 million cards may have been affected.

American Express' Serve prepaid account has its roots as a digital wallet, but the card issuer is finding many of its enrollments are coming through a very non-digital process: in-person activations at mobile phone stores.

UOL BoaCompra and Ubisoft are partnering to allow online personal computer gamers in Latin America, Portugal, Spain and Turkey greater access to local payment methods.

Discover's not worried about the increase of alternative payment companies offering hefty rewards in an attempt to cut into interchange revenue, Chairman and CEO David Nelms told investors on April 22.

Travel agency Orbitz.com has added a Visa rewards card to its loyalty program for customers using the online airlines booking service.

Apple is interviewing payments industry executives, according to the technology news site Recode, suggesting the computing giant is getting closer to launching a payments operation.

Card-linked marketing is a useful but underused method to reach consumers, according to a new survey of chief marketing officers by Bank of America and The CMO Club.

JPMorgan Chase will build on its developments in tokenization for a digital wallet that it plans to roll out by the end of the year.

Domino's Pizza customers with Android devices can now pay for their pizza through the Google Wallet.

Square is seeking a buyer, according to multiple reports, but the company's official statement indicates otherwise.

A successful e-business has two essential ingredients. It must be easy to make payments, and it must come up quickly when consumers are searching online.

TAMPA, Fla. — Suncoast Credit Union is the first federally insured CU to introduce credit card loan participations, a program the issuer says meets the needs of institutions wanting to jump back into credit cards with less risk and expense.

Biometric technology could eliminate the need to carry a payment card or even a smartphone by allowing users to authorize payments with a fingerprint, handprint, face or retina scan. But the technology has had a rocky past, and each new product comes with new quirks.