Payments

Visa has hired Ryan McInerney to be its president. McInerney, previously the chief executive of JPMorgan Chase's consumer bank, fills a position left vacant since John Partridge retired in March. Visa also appointed Elizabeth Buse and Bill Sheedy to new roles.

DES MOINES, Iowa and RANCHO CUCAMONGA, Calif. – Security Service FCU, San Antonio, has partnered with The Members Group (TMG) and CO-OP Financial Services for processing of the $7-billion credit union’s credit card portfolio.

CHICAGO – An analysis by TransUnion found the national credit card delinquency rate declined to .69% during the first quarter of this year, down from .73% last year.

Sprint's Boost Mobile prepaid phone service developed a mobile wallet as a way to provide financial services for its underbanked target audience.

EBay Inc. said PayPal will be available in 2 million retail stores this year as it takes on Square Inc. and Intuit Inc. in the market for mobile payments.

Google and Square have entered the notoriously challenging person-to-person payment field, sidestepping one of the major hurdles other companies have faced: signing up new users.

Swipely has secured a $12 million Series B round of financing, which will fund its nationwide expansion, the payments and marketing company announced today.

The rate of credit card payments at least 90 days overdue fell to 0.69% in the first quarter ended March 31 from 0.85% in the year-ago period, a nearly 19% drop, according to credit reporting agency TransUnion.

CARPENTERIA, Calif. – All general purpose credit, debit, and prepaid cards issued in the U.S. (both consumer and commercial) generated $4.202 trillion in purchase volume at merchants in 2012, up 7.8% over 2011, according to new data released by The Nilson Report.

MasterCard is part of a joint venture that will launch the Zuum mobile payments service this month. The venture is touting Zuum as the first service of its kind in Brazil.

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.