Payments

For small merchants who want to accept mobile transactions, Apple Inc. makes the go-to machines, the iPad and the iPhone.

The recent explosion of new mobile-payment initiatives, from new startups backed by heavy venture capital to formidable players such as PayPal Inc. is enough to give the average banker heartburn.

Target Corp.’s credit card portfolio may be gaining appeal to potential buyers the longer it remains off the auction block in one very specific respect: credit performance.

RANCHO CUCAMONGA, Calif. – CO-OP Financial Services said it has contracted with Diebold to offer CO-OP ATM Managed Services, a complete ATM fleet implementation and management suite for credit unions.

DES MOINES, Iowa – The Members Group has added instant issuance to the list of features available on its ATIRA- and Coopera-branded reloadable prepaid cards.

Visa Inc. and Intel have struck a strategic agreement to develop mobile commerce services for consumers, the companies announced this week.

FORD CITY, Penn. – Armstrong County FCU has joined the credit union-owned Credit Union 24 ATM and POS network.

Opera Software ASA doesn’t hold back in its pitch to provide more opportunities for mobile payments worldwide.

HDFC Bank Ltd.’s new mobile service could be a game-changer in India’s mobile-payments market, making such services cheaper and more widely accepted.

Bankers generally accept that providing mobile access to financial services is an inevitable part of their future. But when it comes to actually using the devices to communicate with customers about the bank, financial institutions are surprisingly behind the curve.

BURBANK, Calif. – Lockheed FCU on Monday said it has signed with CO-OP Financial to provide it with credit card processing.

Seven-million Hispanic U.S. households are underbanked or underserved. That's a sizeable market waiting to be tapped, according to one expert, who says one key to penetrating that market is through prepaid reloadable cards.

MANITOWOC, Wis. – Shipbuilders CU has signed with Vantiv to provide it with ATM and debit card transaction processing, ATM driving, card production and network gateway access.

TUMWATER, Wash. – O Bee CU, chartered as the credit union for Olympia Brewing Co., returned to its roots by issuing a gold Visa credit card with the image of the Olympia beer logo, with its trademark horseshoe, Tumwater Falls, the expression “good luck,” and the classic “Olympia” lettering.

Americans across the country continue to slash away at their credit card debt, but a return to card borrowing may be around the corner.

EDISON, N.J. – Pinnacle FCU has contracted with Vantiv for single-sourced, comprehensive processing services, including ATM and debit card transaction processing, ATM driving, card production and network gateway access.

CLEARWATER, Fla.-At the average credit union, just 14% of members carry its credit card.

ALBUQUERQUE, N.M.-First Financial CU says it is phasing out its traditional ATM cards in favor of debit/credit cards, one of the fall-outs of the Durbin amendment to the Dodd-Frank bill.

ST. PETERSBURG, Fla.-The fight to get the credit union's plastic to the top of members' wallets is heading to a new battleground: the mobile space.

PITTSBURGH-With Bank Transfer Day creating greater CU awareness, Omega FCU says now is the perfect time to get back into the credit card business.