Payments

If tollway drivers can pay for tolls with an in-vehicle device, why can’t those drivers do the same when parking?

Even USAA Federal Savings Bank, one of the most aggressive in its use of technology, is treading carefully in social media and mobile, where the slightest privacy SNAFU can spark a major outcry.

By backing off a plan to limit large up-front fees banks can charge on credit cards, the Consumer Financial Protection Bureau feels it has protected cardholders from other increased costs, the Associated Press reported last week.

Google Inc. faced some resistance in putting Google Wallet on the Galaxy Nexus phone when the Android smartphone model launched with other carriers, but Sprint says it will support the nascent mobile payment system from day one.

BETHPAGE, N.Y. – Bethpage FCU, which has a strong relationship with Long Island’s gay population, has introduced a new affinity program which will make a donation to the Gay Lesbian Bisexual Transgender Center when its supporters open new checking and savings accounts at the credit union.

A higher provision for credit losses driven by a lower reduction in the allowance for loan losses from a year earlier caused a drop in first-quarter profit for the Card Services and Auto unit of JPMorgan Chase & Co., the issuer announced Friday.

The credit card industry is slowly turning a corner.

JACKSONVILLE, N.C. – A U.S. Marine at Camp Lejeune was chosen as the winner of the “A Million & More Sweepstakes” sponsored by Fidelity Information Services and Card Services for CUs.

CAMBRIDGE, Mass. – MIT FCU has been selected by the Massachusetts Institute of Technology Alumni Association to offer its financial services, including an affinity credit card, to its 125,000 members.

Consumer credit card balances fell for the second straight month, according to data released Friday by the Federal Reserve.

Consumers are increasingly paying down their debts, according to the American Bankers Association.

LONE OAK, Texas – Randolph-Brooks FCU has signed with The Members Group to offer its members TMG’s ATIRAgift cards.

First Community FCU is reporting it has paid out more than $172,500 in rewards and prizes through the "Skip the Fee-Swipe for Free" debit card program launched in October 2011.

FORT WAYNE, Ind. – 3Rivers FCU has become a member of the Credit Union 24 ATM and point-of-sale network.

Loan originations continue to grow in several categories, especially to subprime credit card customers, new data show.

Public Service Credit Union, the former Public Service Credit Union Financial Services, is partnering with the Credit Union Association of New Mexico to offer a reloadable prepaid Visa card for teens.

WASHINGTON – Lawmakers are calling for immediate action to pass long-stalled data-security legislation in the face of last week’s news of a massive data breach at cards processor Global Payments Inc. (see story).

INDIANAPOLIS – CU Card Center, a subsidiary of the Indiana CU League’s Servicecorp, has signed with Innovative Card Services to offer Visa gift, travel money and general purpose reloadable cards.

A data breach at a card processor may have affected more than 10 million Visa and MasterCard accounts, security expert Brian Krebs reported March 30 on his blog.

WASHINGTON–The nation's capital is starting to pay attention to mobile payments. Whether that sharpening focus will help or hurt the industry's growth, however, remains an open question.