Payments

JPMorgan Chase (JPM), which is bracing for a crackdown over its credit card debt collections practices, is trying to give regulators less ammunition.

Credit unions that wait too long to convert members' mag-stripe plastic cards to the new EMV standard could find their payments cards hot sellers on the black market, several analysts are warning.

Reducing fraud losses and meeting the major card issuers' liability shift deadlines are primary reasons CUs and community banks are preparing for EMV, according to a new survey from the Members Group.

With the housing market recovering, Wells Fargo plans to ramp up the marketing of a credit card that allows customers to use reward points to pay down their mortgage. Wells, the largest home mortgage lender, is sending new solicitations for its Home Rebate Card, which it introduced in 2007 just before the housing market collapsed.

Square Inc. has ended its gift card service, according to a report from Reuters, about half a year after launching the program.

Birch Coffee has used Square's mobile card reader for its delivery service for about two years, and was one of the first to switch to the new Square Market e-commerce site ahead its launch.

It's been an eventful year so far in the payments industry. Exciting new technologies, dramatic executive turnover and ongoing courtroom drama have defined 2013's first six months.

Webster Bank's plotting its move into mobile payments, and part of its strategy is to let others make the mistakes, particularly when it comes to tapping payments data for purposes such as marketing.

Space travel and tourism are achievable dreams for the near future, and PayPal aims to reach the final frontier before its rivals do.

Bank of America, which is testing the use of QR codes for payment at five merchants and uses the same technology at the teller line, reports success in using the codes to enroll customers in its mobile banking app.

Square Inc. now allows its merchants to establish an online store through the Square Register app.

Square Inc. is active in the U.S., Canada and Japan — and a recent post to its Twitter account indicates its next move is imminent.

VeriFone is testing a mobile point of sale system built on the Windows 8 Pro operating system for use on tablets that integrate with retailers' existing systems.

Banks may believe they can provide the best mobile wallet experience — but most have done very little to create their own product.

SimpleTuition's SmarterBucks has launched a blog that's designed to add expert commentary to a program in which card payments contribute to student loan repayment.

The U.S. Supreme Court reinforced companies' power to funnel legal disputes into arbitration, ruling in favor of American Express Co. in an antitrust clash with retailers over the credit cards they must accept.

JPMorgan Chase, Bank of America Corp., Capital One Financial Corp. and Discover Financial Services reported Monday that their credit card delinquencies and net charge-off rate fell in May from April.

WOODLAND, Calif. – Yolo FCU said it is reissuing credit and debit cards for its members whose card information may have been breached.

The inconvenience associated with long waiting periods-sometimes seven days-for a replacement debit/credit card became too burdensome for Fort Community Credit Union. A faster solution was needed to meet members' expectations.

Square has completed a major overhaul of the cloud-based Square Wallet, which allows consumers to make purchases from a linked payment card by "checking in" at a Square merchant. Here are some of the key differences in the new Wallet app.