Payments

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.

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.