Payments

Guardian Credit Union plans to offer its members the Buzz Points merchant-funded debit loyalty program, which emphasizes social media interaction.

On Track Innovations Ltd. plans to concentrate more time and money on its payments division after closing the sale of its SmartID business to SuperCom Ltd. last week, the Israel-based payments technology provider says.

Guardian Credit Union plans to offer its members the Buzz Points merchant-funded debit loyalty program, which emphasizes social media interaction.

HARRISBURG, Pa. -- The massive Target card data breach has members of Pennsylvania State Employees CU viewing the credit union's Facebook page in record numbers.

Even though nonbanks seem to be taking the lead in the mobile wallet race, U.S. consumers still put more trust in banks to protect their money.

Google Wallet users who request the accompanying plastic card can activate that card through the wallet's mobile app, a process that will become increasingly common as mobile payments advance, experts say.

The payments industry is full of big ideas that haven't always found the right audience. As we enter 2014, a few trends are bringing new relevance to some older technologies.

Target Corp. faces almost two dozen lawsuits filed by customers after a computer security breach exposed data on 40 million debit and credit cards.

TipperCoin is attempting to combine two concepts that have faced strong headwinds in the past year: digital currency and Twitter-based payments.

CUNA is urging credit unions to keep a tally of their costs from the Target breach, and plans to open a data collection website next week where CUs can report their numbers.

Emerging payments developers shouldn't feel forced to place all their bets on one platform or another. In the shorter term, successful future models of banking will be hybrids.

In the past few years, the payments industry has experienced a flood of new offerings, from consumer-facing giants like PayPal and Google to Silicon Valley startups such as Square.

SACRAMENTO, Calif. - Golden 1 Credit Union reported that approximately 67,000 members were affected by the massive Target Corp. card data security breach and it will replace all of their debit and credit cards.

Sacramento, Calif. -- Golden 1 Credit Union will replace the debit and credit cards of members affected by the Target data breach

Sony Corp., which launched its new PlayStation 4 video game console last month, is updating and promoting the payment options consumers can use with its new and older PlayStation systems.

Target Corp. faces almost two dozen lawsuits filed by customers after a computer security breach exposed data on 40 million debit and credit cards.

American Express has been ordered by federal regulators to pay nearly $76 million to settle allegations that it used to deceptive marketing and unfair billing practices to sell credit card add-on products to its customers.

Small Business Payments Co. recently launched its WorkBench cash management platform, allowing businesses to make credit card and e-check payments, with other features planned for the future.

The Minneapolis-based bank has been using mobile and digital watermark technology internally at board meetings to add multimedia elements to what would otherwise be static reports. It is now extending that technology to shopping and payments.

Decoupled debit cards, which draw funds from an account at a separate issuer, are typically framed as a low-cost alternative to cards issued by credit unions and banks.