Payments

American consumers have come to expect some sort of reward with the plastic cards they use.

WEST JORDAN, Utah – Mountain America Credit Union has introduced a prepaid card without monthly maintenance, deposit or other fees.

Square, PayPal, Groupon and others recently revealed a flurry of new technology at the point of sale, demonstrating just how capable tablets and smartphones are at handling payments and other needs for small merchants.

VENTURA, Calif. – Ventura County CU here has entered into a partnership with FOODShare of Ventura County and leading restaurant loyalty program MOGL, which encourages its members to “eat out, cash in and do good” in an effort to generate more than 100,000 donated meals to fight hunger in Ventura County.

BIRMINGHAM, Ala. – As credit unions turn a greater focus to credit cards, so too has the competition.

Chargeoffs at Capital One Financial Corp.'s U.S. card business fell to 4.61% in April from 4.69% in March, according to a Securities and Exchange Commission (SEC) filing.

BIRMINGHAM, Ala. – Overall credit card debt fell for the first time this year during the month of March, according to data just released by the Federal Reserve.

The identities of the card processing companies whose systems were breached in a massive cyber offensive have surfaced.

Google is not including a physical payments card as part of its mobile wallet, at least for the immediate future, according to the tech news site allthingsd.com.

PHOENIX – Arizona State CU has rolled out a Choice Rewards credit card, which it said offers members multiple ways to redeem their points, including donating to local and national charities.

Southwest Airlines, Pacific Convenience & Fuels LLC, RaceTrac and Brinker International Inc. have joined the retailer-driven effort to establish a mobile wallet for merchants and consumers, the Irving, Texas-based MCX announced May 9. Brinker is the parent company of Chili’s Grill & Bar and Maggiano’s Little Italy.

Near Field Communication technology has many detractors, yet it continues to advance as a mobile payments instrument. Banks should thus view NFC as an opportunity to ensure they stay relevant to customers' payments, according to a new Celent report.

Advantage Refreshments knows its vending machines look just like those operated by rivals, so it's trying to attract repeat business with a loyalty program from payments hardware maker USA Technologies.

Koupah, which is providing a new point of sale card acceptance tablet, aims to offset credit card transaction fees with ads.

Osama Bedier, Google’s vice president of wallet and payments, is leaving Google.

SPOKANE, Wash. – Spokane Teachers CU has signed data miner IQR Consulting to review its cardholder segments and make recommendations for promotional campaigns.

As state and federal regulators sharpen their focus on mobile cramming, some wireless carrier advocates question whether the issue of unauthorized third-party is a growing problem for carrier-billed mobile payments.

CardFlight aims to make in-person purchases easier by enabling merchants to accept swiped card payments within their own mobile apps.

Consumer borrowing rose $8 billion in March from February to $2.81 trillion, the smallest uptick in eight months, according to the Federal Reserve's G.19 report released Tuesday.

American Express Co. said Chief Financial Officer Daniel T. Henry is retiring later this year.