Payments

Credit unions considering reissuing plastic to make the move to EMV might want to include contactless in the upgrade.

Credit unions are being urged to pay closer attention to a shift in consumer credit card usage.

The debit card likely will not go the way of the paper check, but its role is rapidly transforming, and its days as a single-purpose product are looking increasingly numbered.

Positive credit card charge-off trends resumed during May as the average charge-off rate for credit card receivables in securitized trusts fell, reaching its lowest point since October 2007, Moody's Investors Service Inc. reports.

Mobile wallet mania is experiencing another surge that some consider overblown.

Views appear mixed on whether PCI compliance matters with mobile payment dongles, but one independent sales organization says adherence to the data-security standard is a no-brainer.

It appears that consumers are still working hard to repair their personal balance sheets, as more Americans are paying their credit card bills on time as well carrying less of a balance.

Inside Secure is opening up a Near Field Communication technology patent-licensing program on the heels of another company exiting the sphere.

The Girl Scout troops are once again proving to be an ideal test case for mobile card acceptance.

BIRMINGHAM, Ala. – In the latest of a growing number of consumer suits over overdraft practices, a group of America’s First FCU’s members claims the credit union manipulates electronic debit transactions from the highest to the lowest dollar amounts, in order to create overdrafts and the accompanying fees.

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.