Payments

Paidpiper Inc., once a poster child of MasterCard Inc.'s push to work with small developers, is finally ready to launch its product — without its previous reliance on MasterCard.

If they haven't already, retailers should begin getting a clearer picture of how to deploy a mobile wallet and loyalty program to their customers.

CO-OP Financial Services is offering a card-based local merchant rewards program that encourages credit union members to shop within a small area.

HAUPPAUGE, N.Y. – Island FCU is introducing two new low-rate MasterCard offerings.

Two payments technology veterans are working on a mobile wallet that would not require changes to the hardware and software at the point of sale.

The march toward EMV continues, but as one meeting here made clear, credit unions remain unsure at what point they should jump in.

Saying consumers want greater control over their payments cards, CO-OP Financial Services has introduced a service that allows members to use their smartphones to exercise greater control over their card usage.

Despite shrinking per-swipe debit interchange revenue, debit rewards are here to stay. But those CUs using rewards programs effectively-generating more transactions to offset the impact of the Durbin rules-are broadening their base of rewards.

WestStar CU has slammed the brakes-at least for this credit union-on the so-called "race to the bottom" in PIN network debit interchange, and in the process expects to actually boost its debit interchange revenue.

During the CSCU Solutions conference here, credit unions had a host of questions related to EMV cards and standards for a panel of experts. Here's a look at some of the questions asked.

USF FCU has introduced affinity debit and credit cards tied to the University of South Florida that it expects will keep members in the fold long-term.

Mastercard's chief product officer believes there are four trends in consumer behavior and payments that credit unions should be watching.

Canada is presenting many opportunities to the payments companies operating within its borders and in the U.S. Here are some of the most recent examples.

E-commerce company LivingSocial revealed last week it endured a breach in which attackers accessed its users' encrypted passwords. And while no payment data was exposed, cardholders should still be concerned.

CHICAGO – American consumers have come to expect some sort of reward with the plastic cards they used, as evidenced by the barrage of non-stop advertising by the national card programs.

As mobile payments companies seek a receptive audience, many are turning their attention to restaurants. And the food industry, in turn, is increasingly receptive to putting mobile payments on their menu.

Pulse, a Discover Financial Services debit and ATM network, is partnering with fisoc Inc. to roll out the Buzz Points loyalty program to financial institutions.

DES MOINES, Iowa–After 23 years with The Members Group, Jeff Russell is moving on, taking over as CEO of insurance company Delta Dental of Iowa here on May 3.Russell, CEO of TMG Financial Services and senior advisor for The Members Group, will serve his last day at TMG April 26. Patrick Jury, CEO of the Iowa Credit Union League, will serve as acting CEO of TMG Financial Services while an executive search begins for the new CEO of TMG-FS.

The first deadline in the U.S. payments migration to EMV has passed, and while the risk to most CUs may be small for non-compliance, experts say it's a risk credit unions should evaluate if they choose not to comply.