Payments

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.

One of the first successful adopters of in-store mobile payments and digital rewards, Starbucks plans to launch new initiatives that will expand the company’s loyalty and payment programs across channels.

A pending MasterCard "staged wallet" fee, set to take effect in June, is setting a new tone for the emerging payments landscape.

Capital One Financial Corp. reported that the 30-day delinquency rate and chargeoffs for U.S. credit cards dropped in February, according to a filing with the Securities and Exchange Commission.

Independent sales organizations and agents can use automated clearing house and credit card data to identify the most likely prospects for transaction services, a vendor says.

Apple's Passbook wallet is a blank canvas for developers of mobile payment apps. Some Passbook apps take a conventional approach to payments, and others put a more imaginative spin on what a mobile wallet can be.

U.S. retail credit card chargeoffs reached a six-year low in February as payment rates improved, according to Fitch Ratings.

WASHINGTON – Senate Republicans said this morning they will continue to block a vote on President Obama’s choice to head the Consumer Financial Protection Bureau until the President agrees to change the structure of the fledgling agency.

A new study has found that 70% of all ATM users buy prepaid cards, but just one in 20 credit union members buy their prepaid cards from their credit union.

Diving into data analytics for the card base without expertise-whether in-house or a third party--to accurately assess the findings can leave the credit union with a lot of data and few actionable plans.

Take small steps first, have a long-term focus, and avoid coming up with a lot of data that can't be meaningfully interpreted.