Payments

With pilots nearly complete, mobile-imaging software provider Mitek Systems, perhaps best known for its check capture technology, expects the launch soon of similar imaging services to help users make payments instead of just deposits.

Microsoft Corp. appears to be gunning to increase its relatively low profile in smartphones by beating Apple Inc. in announcing an NFC-based mobile wallet.

Square has shut out independent sales organizations as distributors of its mobile card reader. Now one ISO has gone on the offensive by offering its own.

American Express Co. posted declines in credit card defaults and late payments for May.

WASHINGTON — The Consumer Financial Protection Bureau will begin publishing credit card complaints Tuesday in a searchable database, allowing the public for the first time to scrutinize the way individual banks handle complaints.

Not to be outdone by other card brands or mobile network operators, MasterCard Worldwide and PrePay Solutions plan to launch a Mobile PayPass prepaid account for smartphones in a few months.

Even as Apple's Passbook app portends a mobile-payments world without near-field communication technology, ACI Worldwide is pushing ahead with NFC through an expanded pact with the smart-card technology provider Bell ID.

Writeoffs of credit card loans have already plunged below levels that issuers consider sustainable. Continued improvement in delinquencies points to a further dip in loss rates in the months ahead.

Credit card offers mailed to consumers tapered off sharply in recent months after a resurgence in the wake of the recession, indicating a shift in large-issuer strategies.

Banks have begun increasing overdraft fees again, according to a new study from the Consumer Federation of America.

If consumers embrace a system in which they pay for coffee at Starbucks with their smartphones, will they do the same for Whoppers at Burger King?

JACKSONVILLE, Fla. – As a sponsor of the Arena Football League’s Jacksonville Sharks, 121 Financial CU has introduced the official “Sharks” Visa credit card.

NEWARK, Del. – Student loan giant Sallie Mae said its Upromise unit has introduced a rewards MasterCard through Barclay’s.

BETHPAGE, N. Y. – Bethpage FCU on Tuesday said personal information from 86,000 of its members’ VISA debit card accounts had been accidentally exposed on the Internet by an employee.

As more and more consumers use their smartphones for point-of-sale purchases, CUs are being urged to "think beyond the swipe."

Subprime credit card borrowers are on the move again, opening significantly more new accounts than they did during the recession as lenders ease up on their ultra-tight underwriting standards.

LATHRUP VILLAGE, Mich.-A unique rewards credit card is helping to boost this state's economy and Michigan First CU's card program-increasing balances and skyrocketing new credit card apps.

How long can a good thing last? Write-offs of credit card loans already have plunged below levels issuers consider sustainable. Continued improvement in delinquencies points to a further dip in loss rates in the months ahead.

Thieves know: there's money in credit cards.

The prominent daily-deals provider Groupon is reportedly branching into payments with a device that competes with Square Inc.