Payments

Developers at Fidelity National Information Services say the speed and open nature the bank technology provider's latest product will promote greater adoption of person-to-person payments.

Despite some glitches that are hampering vigorous adoption, the companies targeting mobile payments are finding success in forging brand connections. The problem is their connections are with narrow constituencies, and are often based on competencies beyond mobile payments.

Mobile wallets showcase many features that could transform the way consumers pay, but for many users the most appealing feature is the ability to make sense of all their receipts.

ShopKeep, which provides an iPad point of sale system, began supporting payments from SCVNGR's LevelUp loyalty and mobile payment system this week. One early adopter is already reporting success with the combined system.

The use of electronic payments can have a positive impact on national economies, with nearly $127 billion added to the U.S.'s gross domestic product (GDP) in the past four years, according to a study conducted for Visa by Moody's Analytics.

Visa's V.me digital wallet is picking up momentum and the initiative is "right on the point of the spear" of the card network's product development strategy, Visa says.

Loss mitigation strategies for the payments business are getting a technology makeover that includes the same kind of emerging analysis used to attract consumers in the first place.

A crime ring based in New Jersey created thousands of fake identities to obtain 25,000 credit cards and steal more than $200 million in one of the largest scams of its type, the Justice Department said.

As many as 65% of the consumers testing the Isis Mobile Wallet are revisiting merchants often or taking advantage of mobile offers, an Isis executive says.

PHILADELPHIA – Police and Fire FCU on Tuesday said it has renewed its relationship with First Data and the STAR Network.

MACH, looking for a way to sell carrier billing services in the U.S. and expand in other markets, says it’s found the right partner in mobile payments company payvia.

What did mobile wallets look like before Apple and its peers invented the consumer smartphone market and launched App Stores to distribute systems like Passbook, Isis and Google Wallet?

Quick-response (QR) codes, the increasingly common square bar codes used in advertising and mobile payments, are stepping into new territory as a tool for bill payment.

CARSON CITY, Nev. – Carson High School now has its own “Senators” debit card for student checking accounts, designed by students through a contest held by Greater Nevada CU, which has a branch inside of the high school.

JACKSON, Mich. – Members are being given the option of choosing the card image for their debit or Visa cards for an additional fee, as part of American 1 CU’s new Instant Issue program.

State Employees CU, one of just three credit unions restricted by enactment of the Durbin amendment, said the provision limiting fees on debit transactions cost it about $40 million in lost revenue in 2012.

The CARD Act has improved disclosures to consumers, but it has had the opposite effect when it comes to its intended goal of reducing cardholder costs, according to a new analysis.

A new study shows Americans age 50 and older carry more credit card debt than younger people.

Fifth Third Bancorp has agreed to buy a credit card portfolio from Quad City Bank & Trust.

The prepaid card provider Plastyc Inc. has added a mobile remote deposit capture feature that provides instant access to funds.