Payments

Apple introduced its Passbook app — a wallet that stores other mobile wallets — alongside the iPhone 5 in September. Three months later, has Passbook revolutionized mobile payments? Or is it starving from lack of support?

ATLANTA – Credit bureau Equifax yesterday said it has agreed to acquire card services and credit information on tens of millions of consumer accounts from CSC, a Falls Church, Va., partner of Equifax, for $1 billion in cash.

NORTH CHARLESTON, S.C. – South Carolina FCU has introduced International Travel Cards EMV in the form of reloadable Visa cards, which it said will ensure members’ security and convenience while traveling worldwide.

Just in time for the holiday shopping frenzy, two startups have rolled out mobile apps designed to help consumers choose which credit card to use at checkout.

Hurricane Sandy is likely to stir up credit card delinquencies in the next month or so, but performance remained strong in the batch of reports posted last week.

At the heart of many mobile wallets is a system for offering discounts, so these wallets seemed a natural fit for Black Friday shopping. Did they live up to their potential?

CO-OP Financial Services expects to go live by December with several new emerging payments technologies.

To learn the truth about campaign ads, we rely on fact checkers who promise to filter out the spin. In the equally confusing realm of credit-card advertising, an obscure agency looks to play a similar role.

This holiday season many retailers are introducing experimental payment technology — but will shoppers, stressed and desperate, find benefit in these experiences or stick to methods they know?

The national credit card delinquency rate increased for the third quarter compared with the year-ago period, according to TransUnion. The rate had been a seasonal low 0.63 percent for the second quarter.

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.