Payments

Michigan State University FCU here has unveiled a program it calls "Balance Shield" that permits members to overdraft their checking accounts by $5 before any fees kick in.

Alternative digital payments for the on-the-go consumer go well beyond the standard fare of Near Field Communication chips and QR codes. Here’s a look at some of the most imaginative mobile payments options devised.

U.S. consumers have yet to regain their appetite for revolving debt, a trend that's leaving credit card issuers hungry for profits.

American Express Co. posted a first-quarter profit that exceeded analysts’ estimates as consumers increased their spending on its cards.

ST. LOUIS – Anheuser-Busch Employees’ CU has selected Vantiv for debit and credit processing services under a multi-year agreement.

For PayPal, mobile devices aren't just new instruments of payment. They are also a way to attract new active users.

Fiserv today launched Popmoney Instant Payments, an update to its person-to-person payment service that allows recipients to see funds in their account within second of when the transaction is initiated.

American Express has promoted Edward P. Gilligan to the role of president, the company announced April 15.

JPMorgan Chase kicked off the first-quarter earnings season by announcing record high profits of $6.5 billion, but the results did little to boost investor confidence in bank earnings or ease scrutiny of the bank's business.

U.S. credit card delinquencies fell in March at Capital One Financial Corp. compared with a month earlier.

Saying that today it takes the checking account AND the payment card to become a member's PFI, CO-OP Financial Services shared advice on tuning up card portfolios.

Evertec Inc., a significant acquirer processor and card issuer in Latin America and the Caribbean region for 25 years, is casting part of its business as that market's Square Inc. and looking to supercharge its payments business after its April 12 initial public offering.

The 25th Card Forum & Expo brought hundreds of payments professionals together in Boca Raton, Fla. to share strategies and ideas. Here's a recap of some of the most talked about subjects from the event.

Lawyers for plaintiffs in a Visa Inc. and MasterCard Inc. antitrust case over interchange fees asked for final approval of a settlement along with $720 million in legal fees and $27 million in expenses.

MoonClerk is a new company that's targeting a distinct segment of the payments technology market—the startups and small businesses that want to build a Web payment acceptance engine, but don't have the right tech expertise in-house.

NEW YORK – The Retail Industry Leaders Association, which represents retail giants including Walmart Stores, Target and Home Depot, on Wednesday said it will not endorse the proposed $7.2-billion antitrust settlement with Visa and MasterCard, adding a major foe to the deal.

Mobile payment provider Payleven is adding two new features to lure larger businesses—the ability to manage multiple chip-and-PIN card readers from a single master account and support for both mobile and stationary printer systems.

If you're looking for Swedish cash, don't go to a Swedish bank. Most of the country's biggest lenders have stopped manual cash-handling services in 65 percent to 75 percent of their local branches. They say cash is out as Swedes rely on credit cards, the Internet and mobile phones to make all their payments.

The retailer-driven Merchant Customer Exchange mobile payments venture is making a lot of noise, though it has yet to reveal its product. But since the final MCX app will interact with those made by its individual retailers, CVS Caremark Corp. can serve as an early example of the venture's potential.

As the Merchant Customer Exchange asserts its position in the mobile wallet market, it emphasizes that the path to a consumer’s physical wallet runs through retailers.