Payments

Virtual Piggy has two major challenges as mobile commerce expands. The youth-focused alternative payments provider has to tackle the generation gap between its users and the parents that supervise transactions, and it must maintain consistency between digital channels.

Emerging payments technologies like mobile banking and new prepaid tools present an opportunity to better serve the millions of unbanked and underbanked consumers in the United States, according to the president of global payments options at American Express.

PayPal's long-watched partnership with Discover, which will allow Discover merchants to accept PayPal payments at the point of sale, is on track to launch April 19.

Alliance Data Systems Corp. announced Tuesday that its Retail Services business has signed a long-term agreement to offer private-label credit card services for luxury retailer Barneys New York.

PHILADELPHIA – Freedom CU has awarded $1,000 to one member following the “It Pays To Use Your Freedom Visa” sweepstakes.

After exiting the credit card business for several years, a growing number of CUs are relaunching their cards programs via a third-party arrangement that gives the credit union better control over servicing.

Mansel Guerry understands the role partnerships play in helping many credit unions, especially small ones, play bigger to take on the large banks.

Noting the credit union community's continuing improvement in many key performance areas, Bob Hackney said it's time to begin focusing hard on cards portfolios again.

Monitoring the activity of your cardholders provides valuable insights that should not be ignored. Unfortunately, most banks don’t give this crucial aspect of their business the attention it deserves.

McDonalds' foray into mobile debit in Canada is helping spark a national expansion that includes broader adoption of the technology by issuers and merchants.

The United States has long resisted adopting the EMV smart-card standard to replace magnetic-stripe credit and debit cards. But the card networks report success in the years-long push to modernize plastic payments.

PXT Payments, which operates the mobile payments and rewards app "looped in," is partnering with Boston College-based startup Jebbit for a student-focused marketing program that combines mobile payments and gaming.

MUSCLE SHOALS, Ala. – Listerhill CU is replacing all campus identification cards at the University of North Alabama with a “one-card” that also can act as a credit union debit/ATM card.

Bank-issued credit card delinquencies fell to 2.47% in the fourth quarter ended Dec. 31, the lowest mark since 1994, the American Bankers Association reported Tuesday.

In a few short years, Starbucks became one of the most noteworthy companies in mobile payments. These 11 decisions are the key ingredients in its strategy.

HARTFORD, Conn. – Hartford Healthcare FCU on Thursday said it has contracted with Covera, a unit of the CU Association of New York, for both credit and debit/EFT processing.

Cashcloud SA, a start-up venture in Luxembourg, is testing a mobile wallet and rewards currency throughout much of Europe.

EBay and its payments subsidiary PayPal are aggressively mining consumers' spending data, which they say is vital as shopping expands across mobile, online and physical shopping channels.

Fort Community CU is now among a growing number of credit unions leveraging local merchant-funded rewards programs to drive debit usage and differentiate its card.

Ten debit networks agreed last week to adopt a common U.S. debit application identifier and work with Discover Financial Services to license the D-Payment Application Specification, known as D-PAS, as the foundation for a common U.S. debit chip payment platform.