Payments

ARLINGTON, Va. -- As more details about the massive Target data breach trickle in, NAFCU and CUNA are taking aim at retailers to help prevent another large theft of consumer data.

Card payments account for more than two-thirds of all noncash payments in the U.S., and the number of checks written for payment is less than half of what is was a decade ago, according to the Federal Reserve Bank Services' 2013 payments study.

Square, Google, PayPal and many other mobile payment providers overhauled their technology in 2013. Here's a look at how things changed, on the surface and underneath.

IDAHO FALLS, Idaho -- East Idaho Credit Union has shut down hundreds of its members' debit cards due to the Target breach

WASHINGTON -- Credit and debit cards now account for more than two-thirds of all noncash payments, according to the just-released 2013 Federal Reserve Payments Study.

Mozido LLC, a white-label mobile technology provider, is piloting a person-to-person payment method using Bluetooth Low Energy (BLE) technology, allowing users within proximity of each other to transfer funds with their mobile devices.

Retail giant Target confirmed Thursday morning that the credit and debit card data of 40 million of its shoppers has been compromised. The company says the problem has been identified and resolved.

HUTCHINSON, Kan. -- A revamped version of a credit card that gives back to the community is still not seeing the kind of numbers necessary to declare the refurbished card a success or failure.

WASHINGTON -- The Durbin Amendment's sting, for the majority of credit unions, continued to be less painful than expected throughout 2013.

Flipkart Payment Gateway Services has launched a consumer-facing version of PayZippy, allowing shoppers in India to make secure online transactions with numerous merchants.

Thanks to new regulations, and those that may be coming down the road, many credit unions ratcheted up their concerns about non-interest income this year.

Loop Commerce is attempting to stake its position in e-commerce by offering payments technology that provides a gift's recipient some control over what is being purchased.

HARRISBURG, Pa. -- With Target reporting that its stores have been hit with a massive credit and debit card attack involving up to 40 million accounts, credit unions across the nation are moving to inform their members and gather more information on the security breach.

PayPal's corporate parent eBay has completed its $800 million acquisition of Braintree.

Retail giant Target confirmed Thursday morning that the credit and debit card data of 40 million of its shoppers has been compromised. The company says the problem has been identified and resolved.

MasterCard, eServGlobal and Bics have formed HomeSend, a joint venture that allows consumers to send money to and from mobile money accounts, cards, bank accounts or cash outlets.

La Caixa Bank says it will soon launch the largest mobile payment venture in Europe, once again placing the bank at the center of a major European payments initiative.

Oink, which was previously called Virtual Piggy, is ready to expand its youth-oriented online payments business to include merchants with a physical presence.

Jerome Cle has stepped down as CEO of SCCP Group. He will remain active as a board member and strategic advisor to the mobile payment technology provider.

Epay, a prepaid product provider and distribution network, is now offering its digital gift card through PayPal's Digital Gift store, which launched in early December.