Payments

BATTLE CREEK, Mich. – OMNI Community CU is encouraging members and non-members to switch to its debit card with a drawing to win $250 in free debit card purchases each month for a year.

Accepting card payments with a mobile phone is becoming as American as baseball and apple pie now that Wal-Mart Stores Inc. is selling the Square Inc. reader that turns any smartphone into a card-acceptance device.

Security Service Federal Credit Union has signed with VSoft Corp. to implement the company’s back counter capture and ATM remote deposit capture services to decrease response times and improve employee and member experiences.

CHARLOTTE, N.C.-Carolina Postal CU is giving members a "Dime Every Time" they swipe their debit card over 12 times a month, significantly increasing signature debit transaction volume and revenue.

Capital One Financial Corp. is looking for another private-label credit card portfolio to buy on the heels of absorbing the U.S. card business of HSBC Bank USA and last year’s acquisition of the Kohl’s Corp. store card portfolio, CEO Richard Fairbank tells analysts.

WARMINISTER, Penn. – Freedom CU last week announced an alternative to new debit fees – the $500-million credit union said it will be paying $5 each month a member makes a purchase with his or her debit card.

Eliminating the need for Near Field Communication hardware or computer chips, French electronic transactions provider Tagattitude is using digital sounds at the point of sale to accommodate mobile payments without storing card data in smartphones, the company announced Oct. 19.

Google Wallet is riding on an active trend to connect retailer loyalty programs to mobile-payment systems.

USAA always has been an early adopter of new digital banking technology, partly because of its customer base of military personal, who often are dispatched to locations around the world on short notice.

FAIRFAX, Va. – Apple FCU on Thursday said it signed an extension of its card servicing agreement with PSCU Financial Services through 2014.

MARIETTA, Ga. – LGE Community CU has introduced a card customization service, “Design Your Own Card,” powered by the technology of Serverside Group.

PayPal Inc.’s brand recognition with consumers is helping parent EBay Inc.’s payment unit to position its mobile offerings as the most secure product in the marketplace, eBay’s CEO noted during a conference call to discuss the company’s third quarter earnings.

Citing strong cardholder spending increases across the board, American Express Co. on Oct. 19 said its U.S. Card Services unit produced income of $733 million during the quarter ended Sept. 30, up 23.2% from $595 million a year earlier.

China’s mobile-payments market is expected to grow considerably in the coming years even as concerns remain about security and the lack of cooperation between telecommunication operators and banks, a new report suggests.

NEW YORK – Visa and MasterCard, sued last week by independent ATM operators over ATM fees the operators say violate federal antitrust laws, are the target of two new suits brought by consumers regarding their ATM charges.

Google Inc. is entering the transit space through a partnership with the New Jersey Transit Agency, which will enable Google Wallet users to purchase tickets at select vending machines and ticket windows and pay fares on seven bus routes.

New innovation in remote deposit capture is coming fast as banks move into mobile capture and combine automated check deposits with other mobile and Web-based financial services.

Consumers in the United Kingdom are concerned about security when considering using mobile-wallet payment systems, according to new research Intersperience Research Ltd. released Oct. 14.

JPMorgan Chase & Co.’s consumer credit card unit reported net income of $849 million for the quarter ended Sept. 30, down 8.3% from $926 million a year earlier, as fewer consumers opened new accounts and the percentage of consumers revolving a balance declined.

RICHMOND, Va.-The recent move by Visa and MasterCard to increase fees merchants pay on small-ticket debit buys has raised concerns that retailers will institute purchase minimums.