Payments

LIVE OAK, Texas-Randolph-Brooks FCU considers itself the Southwest Airlines of financial institutions.

DES MOINES, Iowa-The plain vanilla credit or debit card with no extras will likely get shoved to the bottom of the digital wallet.

HONOLULU – Aloha Pacific FCU is expanding its relationship with CO-OP Financial Services to include debit processing and ATM terminal driving services.

Hey, Visa and PayPal, pay attention here.

In a move Barclays Bank PLC hopes will make consumers wonder how they ever used to exchange funds with one another, the United Kingdom-based bank is making mobile funds transfers available to all UK bank accountholders through a free software application called Pingit.

DES MOINES, Iowa – The Members Group has implemented DefenseEdge, the latest fraud prevention tool from First Data, a provider of electronic commerce and payment processing.

BILOXI, Miss. – Keesler FCU has implemented JHA Payment Processing Solutions’ card processing service.

Industry analysts have called 2012 a possible “breakthrough year” in the payments industry for Near Field Communication technology.

Intuit Inc. has added a new tablet-banking product for banks and credit unions.

USAA Federal Savings Bank traditionally has occupied an unusual position that almost requires it to be an early adopter of digital financial services. Its military-heavy customer base always is on the move and often in geographic circumstances that don’t allow multi-channel banking.

ALEXANDRIA, Va. – Pentagon FCU has introduced another rewards credit card, the PenFed Platinum Rewards Card, which offers cardholders the opportunity to earn five points per dollar spent on gas purchases, three points per dollar spent on supermarket purchases, and one point per dollar spent on all other purchases.

Consumers who caught on fast to the convenience of using their smartphone cameras to deposit checks remotely likely will be among the first to try a similar technology for paying monthly household bills.

Small banks already face a mobile-banking adoption deficit to their larger competitors, but some community institutions are still questioning the channel's safety, weighing emerging security threats against consumer expectations of new mobile banking services.

Bank of America customers in upstate New York were issued new debit and credit cards after a third-party breach possibly compromised their information.

Consumers trust PayPal Inc. about as much or more than well-established payment networks such as Visa Inc. or MasterCard Worldwide when it comes to emerging mobile payments, but they place the most trust in their bank, new survey data suggest.

Bankcard charge-offs rates are still riding near their lowest levels ever, but the wind is shifting slightly for private-label retail credit cards.

Bank of America Corp. says reports that circulated this morning saying the bank has delayed its launch of a mobile check-deposit application to the second half of 2012 are half true.

In a promotion taking place in New York, consumers may act on their impulses using mobile tags, such as bar codes and QR codes, to not only shop around with their camera phones but also to initiate purchases while riding in certain taxis.

For a product claiming to protect consumers from unforeseen misfortunes, banks' credit card payment-protection plans have made plenty of enemies. A federal probe could give those opponents the upper hand for the first time.

A federal judge has temporarily halted a telemarketing operation that allegedly sold bogus credit cards and took money from consumers' bank accounts without their consent.