Payments

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.

Location-based offers are a major selling point of mobile wallets, but one company recently told the feature to get lost.

The payments industry is seeing only the “first steps” of Near Field Communication development as a contactless-payment technology, so it stands to reason that lawsuits related to NFC patents would not be far behind.

The Federal Trade Commission put a robocall operation out of the telemarketing business under a settlement resolving charges that the operation made more than two billion calls pitching a variety of products and services, including worthless extended auto warranties and credit card interest rate-reduction programs.

BURTON, Mich. – ELGA CU recalled about 450 Visa cards and discovered thousands of dollars in fraudulent transactions after being notified by the card company they may have been compromised.

Discover's new deal with BilltoMobile looks like yet another way to cover its bets as mobile payments evolves in multiple directions.

Seeing a major opportunity in the U.S. market, Monitise PLC and Clairmail Inc. on March 26 announced a merger deal in which they will cross-pollinate and cross-sell each other's technology in their respective markets.

If PayPal Inc. strikes with a new payment application, it stands to reason Square Inc. would respond with a new twist on its mobile-payment service.

Credit card issuers' account charge-off rates, already exceptionally low, remain on track to hit bottom later this year.

PARCHMENT, Mich. – First Community FCU’s “Skip the Fee – Swipe for Free” debit card program resulted in $172,500 in debit fee givebacks and prizes to members, including a $5,000 grand prize.

One in three U.S. adults is interested in mobile and Near Field Communication-based payments, new data suggest.