Payments

ATHENS, Ohio – Ohio University FCU signed new five-year contracts with PSCU for full service credit processing, as well as PIN and signature debit processing.

Echoing elements of the mortgage robo-signing controversy, investigators are looking at whether JPMorgan Chase and other banks botched the documentation and amounts owed on card debts they sold.

Issuers are finding more and more sophisticated ways to entice consumers to swipe their cards over those of their rival banks.

Apple has — yet again — left payments out when it designed its newest iPhone, despite numerous indications that it explored using Near Field Communication technology to create a mobile wallet. Apple had many good reasons to choose the course it did.

MANSFIELD, Texas – Texas Trust CU donated $110,000 to local high schools from interchange revenues the credit union earned on its Spirit Debit Reward card.

Total consumer borrowing fell $3.3 billion in July from June, the first decline since August 2011, according to the Federal Reserve.

CUs likely to experience more reductions to debit interchange, Belvoir Federal Credit Union is testing whether prized-based incentives can alter cardholder behavior to drive more debit transactions and larger-dollar purchases.

WEST LAFAYETTE, Ind. – Purdue FCU has rolled out a new debit card design for Harrison High School students, parents, staff and fans that features a lightning bolt, the Harrison mascot.

A program announced Thursday allows any individual with a security background or interest in payments security to become a certified PCI Professional.

PITTSFIELD, Mass. – Greylock FCU yesterday said it signed with Elan Financial Services to offer a variety of card products with rewards options, including allowing for business card holders to receive rewards for every dollar spent and have access to tools that help track and manage their expenses.

The FTC is mailing refund checks to 4,468 consumers who allegedly were defrauded by a telemarketer who used robocalls to pitch bogus credit card rate reduction programs.

EAST LANSING, Mich. – Michigan State University FCU is celebrating its 75th anniversary with a contest to pay off a Visa cardholder’s balance – up to $575.

ALEXANDRIA, Va. – Pentagon FCU yesterday rolled out a new card it calls a “Defender” American Express rewards card restricted to active or retired U.S. military personnel.

Square has stolen the spotlight — after convincing Starbucks to switch to Square for processing, the mobile-payments vendor gave other merchants the option to accept cards for a flat $275 monthly fee. How can a rival mobile-pay provider compete?

PayPal and Square allow their mobile-wallet users to pay by checking in at merchant locations with an app that transmits their photo to the merchant for authentication. With ShopKeep POS, PayPal is showcasing this feature at a New York film festival.

MADISON, Wis. – Kilowatt CU has selected First Data for debit processing services and joined First Data’s STAR Network, signing a multiyear agreement under which STAR will provide PIN-secured debit point of sale and ATM access to its cardholders.

SCHAUMBERG, Ill. – Motorola Employees CU has expanded its relationship with PULSE as the credit union’s provider for PIN debit.

FERNDALE, Mich. – Credit Union ONE has contracted with First Bankcard, a unit of First National Bank of Omaha, to expand its Visa credit card offerings with additional offerings of American Express and Discover cards.

SCVNGR's LevelUp, which announced a charitable-donation option today, is not the first to spot a link between charities and mobile spending and rewards. Shopkick's mobile rewards app began life in 2009 as CauseWorld, which had a strong focus on donating any rewards earned to charities.

DeviceFidelity is relaunching its Moneto mobile wallet, and this time around it lets users transfer funds to other Moneto users' prepaid accounts.