Payments

More credit unions need to use data analytics-and get better at using the tools-to drive payments strategies, according to several experts who say the big banks have a huge leg up in this area with credit cards.

The Federal Reserve issued a report saying that even though card issuers reported lower interchange revenues from debit card transactions in 2012 it has no plans to change the rules governing Durbin amendment's cap on swipe fees, as the rules gave it the power to do.

Global Credit Union has launched new branding, including a new logo, a new look in its branches and upgrades to technology used in the lending process.

The predicted "race to the bottom" in PIN network debit interchange rates may have begun, according to one new analysis of debit cards.

Samsung and Visa will likely demonstrate the full potential of their contactless mobile payments alliance at this week’s unveiling of the Samsung Galaxy S IV smartphone.

SOUTH BURLINGTON, Vt. – NorthCountry FCU has signed with IQR Consulting to have IQR’s data analysts review its portfolio performance.

PayPal’s most recent updates to its tools for programmers reflect a desire to simplify the process of integrating with mobile apps and other new channels.

American Express is doing a lot to shed its image as the card for the elite. In recent years Amex has worked with Twitter, Facebook, Foursquare, video game companies and other new partners to win the favor of young adults.

WILLISTON, Vt. – New England FCU has signed with IQR Consulting to have IQR’s data analysts review its portfolio performance.

INDIANAPOLIS – Ely Lilly FCU has signed with IQR Consulting to have IQR’s data analysts review its portfolio performance.

Citigroup Inc., the world’s biggest credit-card lender, is facing rising costs from the misselling of so-called add-on card products in the U.K. and U.S.

The 2013 Mobile World Congress in Barcelona, produced by the mobile operators group GSMA, was the launching point for many significant payments initiatives.

The rate of credit card payments at least 90 days overdue increased to 0.85% in the fourth quarter from 0.78% a year earlier, according to TransUnion.

AUSTIN, Texas – fisoc, a company that provides the Buzz Points merchant-funded loyalty program that enables credit unions and banks to connect consumers and merchants through social media engagement and rewards, announced four more credit unions and a bank as customers.

Fraud losses on U.S. credit and debit cards, after years of decline, now appear to be on the rise again. And one key culprit, according to experts, is this country's slow adoption of technology that will improve security.

MasterCard Inc. today announced MasterPass, a digital wallet that supports mobile payments at the point of sale and online payments without the need to type a card number each time.

Today’s modern payment systems have their genesis in a number of older ventures that plied everything from the Web to biometrics to enable digital commerce. Some are gone, and some have evolved unrecognizably into their current form. Here’s a look.

After gaining momentum last year for its Payzur person-to-person payment system, Atlanta-based online PIN debit provider Acculynk has gone into a higher gear with transactions routing over the Pulse network.

Seeing an opportunity to mitigate the growing problem of student loan debt, student finance companies such as SimpleTuition and Sallie Mae are expanding debt management offers, including the use of card payment rewards.

The national credit card delinquency rate increased in the fourth quarter compared with both the year-ago period and the previous quarter, according to TransUnion.