Payments

CHATSWORTH, Calif. – Premier America CU has renewed its contract with TMG for credit and debit card processing.

Cross-border spending and a healthier U.S. credit card market helped boost Visa Inc.’s fiscal second-quarter earnings, the card brand announced Wednesday.

PURCHASE, N.Y. – MasterCard yesterday said it removed Global Payments Inc., the transaction processor involved in a recent major data breach, from its list of approved service vendors.

PURCHASE, N.Y. – MasterCard reported a 25% surge in first quarter earnings yesterday, as consumers spent more with their cards and revenue rose faster than expenses.

SAN FRANCISCO – Cards giant Visa reported a 47% jump in fiscal second quarter earnings yesterday to $1.29 billion, fueled by a big boost in consumer spending.

BOCA RATON, Fla. – While data released by the Federal Reserve indicates 99% of credit unions (those of less than $10 billion in assets) have not seen any decrease in interchange income as the result of the Durbin Amendment, one person is urging CUs to prepare for decreases to come.

WASHINGTON–When the Consumer Financial Protection Bureau recently announced it planned to scale back proposed limits on credit card fees, consumer groups and some in the media immediately criticized it.

Digital security provider Gemalto N.V. anticipates its new partnership with three companies in Mexico will provide more opportunities throughout Latin America to help provide mobile financial services.

WASHINGTON – The Consumer Financial Protection Bureau is seeking input for a study that could pave the way for new limits on consumer arbitration clauses.

This article has been updated from its original version.

Large corporations increasingly need better mobile channels to collect small payments on the fly from customers in the field.

One of the nation's largest medical collection agencies allegedly placed employees in emergency rooms, cancer wards and delivery rooms to extract payments from patients before they were seen by medical staff, according to a report released Tuesday by Minnesota Attorney General Lori Swanson's office.

For many banks, deciding what new mobile-banking features to offer is a matter of following competitors’ moves or waiting to see what technology their core banking vendor begins to offer.

The Massachusetts Bay Transit Authority this fall plans to pilot a mobile ticket-buying system for its rail commuters designed to cut cash-handling costs and generate useful data about riders' habits.

Can card issuers heave a sigh of relief that consumers are returning to pre-recession spending patterns on credit and debit cards?

Using smartphones to make financial transactions will be a normal part of everyday life by 2020, new research suggests.

Recognizing that younger consumers are not as tied to their personal computers because of smartphones, Conestoga Bank of Chester Springs, Pa., is integrating mobile banking directly to its core system.

Benefitting from higher cardholder spending and low loss rates, American Express Co. posted record profits for the first quarter.

ALEXANDRIA, Va. – Pentagon FCU is shopping for credit card holders with outstanding balances at other issuers by offering a 4.99% rate on all balance transfers through June 30--for the life of the balance.

The state of Hawaii has sued seven major credit card issuers over the marketing of credit card insurance-like products, known as payment-protection plans.