Payments

Visa has announced that 50 financial institutions-more than half of them credit unions-have launched Visa's V.me new digital wallet service.

SCVNGR's LevelUp is targeting a broader audience for its mobile-payment system by working with the prepaid card marketer NetSpend. The partnership represents new territory for both companies.

DOWNEY, Calif. – Financial Partners CU has rolled out a Platinum Rewards Card program with rewards that do not expire – unlike other credit card rewards.

TransUnion's analysis of Canadian credit trends found that the average consumer's debt (excluding mortgage) jumped 4.6 percent to $26,768 in the third quarter, the largest increase in nearly two years.

American Express Co.’s directors were sued by a shareholder over practices that led to a $112.5 million settlement of claims that it violated consumer safeguards.

The Members Group (TMG) has released a new white paper in which two payments experts explain the liability shift deadlines proposed by the major card networks are not EMV mandates.

A recent FIS consumer survey indicates it may not take a great deal of CU effort to encourage a sizeable portion of members to swipe their debit and credit cards more often.

There is no single definition of a “mobile wallet.” Each product differs vastly in its choice of technology, audience and the basic type of payment upon which it was built — but most fit into a few simple categories.

With credit card competition from banks heating up again, credit unions are responding to the challenge with marketing analytics, creative promotions, and simply greater attention to a lending product that’s essential to ROA.

EMV is coming, that’s certain. But what’s not clear is the final form in which EMV will be delivered.

While analytics are being touted as the best means to target members, at least three credit unions have found that creativity is not a bad second strategy.

Google has reinvented its mobile wallet a few times, and its latest reinvention, a rumored plastic card, raises questions about the mobile-pay product’s direction.

Consumer credit increased in September thanks largely to student loan growth but Americans appeared to use their credit cards more sparingly, according to Federal Reserve data released Wednesday.

INDIANAPOLIS – Indiana Members CU is now offering a credit card rewards program that allows members to earn points through qualifying credit card purchases to redeem as travel awards and merchandise rewards.

NEW YORK – American Express, which is both a customer and competitor of Visa and MasterCard, on Friday filed a formal objection to the landmark antitrust settlement with the two card networks, saying if approved it could preclude AmEx from pursuing its own legal remedies against Visa and MasterCard.

SLIDELL, La. – St. Tammany FCU is participating in the latest VISA NFL promotion, allowing each of its Visa cardholders to enter a sweepstakes to win a trip to the NFL’s four biggest events, the 2013 Super Bowl, 2013 NFL Draft, 2013 NFL Kick-Off and the 2013 International Series Game in London.

EAST LANSING, Mich. – Michigan State University FCU has upgraded its Platinum Plus Visa Credit Card, doubling the amount of rewards members receive for purchases to 1% back with additional opportunities to earn greater rewards by shopping at select local retailers.

Huntington Bancshares said it plans to add 250 jobs in the Buckeye State over the next four years to support its new credit card business.

Target Corp. says it has reached an agreement to sell its consumer credit card portfolio to TD Bank Group.

NEW YORK—Anonymous, a collective of hackers, claimed last week that as part of a cyberattack on HSBC it was able to stel information on tens of thousands of credit unions. HSBC, however, issued a statement late last week saying its data had not been breached.