Payments

Israeli startup BuyCode Inc. has introduced the Pounce mobile payment app, allowing consumers to purchase products they see in print through image recognition technology.

AOL is adding a payments function to email by working with Hearst Corp.'s Manilla, a paperless bill and magazine subscription organizer.

PayPal offers no shortage of choices for loading their accounts, including Green Dot, MoneyGram, Coinstar and its own My Cash Card — but are consumers using them?

In the race to provide consumers with identity verification tools that are simple and easy to use, it's in everyone's best interest to ensure that businesses are not sacrificing data security in the process.

Chase Card Services says it will stick with the Isis mobile wallet venture as it prepares for a national rollout after nearly 10 months of testing. In doing so, the JPMorgan Chase unit also gives its endorsement to Isis' model of using Near Field Communication for contactless payments.

VeriFone has begun outfitting on-board payments systems on New York City's new street-hail livery cars.

Heartland School Solutions has launched mySchoolBucks, a mobile app that provides parents access to their children’s school related payments.

Canadian-based cooperative financial group Desjardins has reached an agreement with mobile technology provider Monitise to develop and deploy Near Field Communication-based mobile payments.

TECU here has seen an uptick in credit card transactions, outstanding balances and the number of cardholders since debuting its "Care Card," which allows members to donate the value of their card rewards to local nonprofits.

Recurring payments and online bill payments can help a CU remain top of wallet with their cardholders and even prevent cardholder attrition.

Many credit unions and vendors have built sophisticated metrics around various numbers inside CUs. But one area not being measured well is payments, according to one industry insider.

Credit unions have been hearing for some time about the security benefits of EMV, or chip-and-PIN cards.

If the Merchants Customer Exchange (MCX) succeeds, not only is credit union interchange revenue at risk but so is critical member transaction data.

Consumers will decide whether the Merchants Customer Exchange (MCX) becomes a viable payments network, say industry experts.

CUs should be learning as much as they can about the Merchants Customer Exchange (MCX) and paying attention to whether their cards can be part of the new merchant digital wallet, recommend two payments experts.

While credit unions and other analysts try to make sense of what a court ruling striking down the Fed's 2011 interchange cap of 21 cents might mean, at least one analyst sees an even lower interchange rate benefitting most credit unions.

Credit unions are being urged to pay close attention to the rapid emergence of "omni-commerce," as mobile is changing consumers' shopping habits, says Vantiv.

INDIANAPOLIS – FORUM CU announced the relaunch of its credit card program this year and has engaged The Members Group to assist in that effort.

PayPal co-founder Max Levchin is part of the team behind Glow, a fertility tracking service that uses a mobile app, crowdfunding and analysis to help women conceive children.

Blackbaud has added mobile payment capabilities intended for nonprofit and educational organizations to use at fundraising events.