Payments

Merchant e-Solutions Inc. is rolling out a suite of mobile-payment applications on its new PayEverywhere platform, the company announced May 5

For all the talk about the upcoming NFC-driven mobile payments revolution at the point of sale, new research from Oracle is throwing some cold water on the hype.

UC Mobile Corp. has entered China’s mobile-payments market in partnership with Alipay, the country’s largest independent online-payment platform based on transaction volume, the company announced April 21.

Brihanmumbai Electricity Supply and Transport Co. soon will enable consumers to pay their electricity bills though their mobiles phones.

A host of new mobile payment applications promise many of the perks of near-field communication technology, without the costly hardware.

For the amount of industry discussion there has been about Near Field Communication-enabled mobile phones, little has been said about the critical role point-of-sale terminals will play in the acceptance of mobile payments and other contactless services.

RICHMOND, Va.-Design the credit card with the membership in mind, and the membership will have a mind to carry the plastic.

FT. LAUDERDALE, Fla.-So many financial institutions are searching for the "killer app" in growing credit cards that they've lost sight of what works best: the basics, according to one analyst.

HOUSTON-Small debit card issuers, including credit unions, are projecting they will see a 73% decrease in debit interchange revenue once the Durbin Amendment on interchange fees goes into effect, according to the 2011 Debit Issuer Study commissioned by PULSE.

NEW HARTFORD, N.Y.-Choice and low rate are responsible for 53% credit card penetration at Utica Gas & Electric FCU.

JACKSONVILLE, Fla.-Florida Baptist Credit Union believes it does not take a great deal of hype and marketing to get members to take the CU's credit card-just a couple strong selling points.

ELYRIA, Ohio-When it comes to credit cards, serving a single SEG is a marketing advantage over banks and even community chartered CUs, attests one single-sponsor shop that has the highest credit card penetration among CUs in the country.

NEW YORK-Delinquencies on credit cards have improved and are now at their lowest point since the financial crash of 2008, according to Moodys Investors Services.

ST. PETERSBURG, Fla.-Leveraging the CU's affinity with its membership is one of the most effective ways to drive credit card penetration.

BIRMINGHAM, Ala.-Credit card rewards are ramping up, with some financials making the move at the expense of debit rewards while others simply seek ways to boost lending as the economy recovers. At the same time, many CUs that have sold their card portfolios are now looking to reenter the business.

Combining targeted online marketing with social media, Discover Financial Services will begin paying a $50 bounty during the first week of May for each referral who becomes a cardholder, according to a company executive.

Endeca Technologies Inc. said its Endeca Mobile Commerce system is being used by Sallie Mae's Upromise for mobile rewards.

PayPal Inc. has acquired mobile payments startup Fig Card Corp., the company announced on its blog April 28.

LAS VEGAS – If 7,500 credit unions across the United States would get their members to contact their Congressional representatives, it would “help keep the pressure on” lawmakers and potentially halt implementation of the Durbin amendment to the Dodd-Frank Act.

LAS VEGAS – Nevada Federal Credit Union CEO Brad Beal delivered more than 8,700 member signatures to Harry Reid Thursday afternoon urging a delay in implementation of the Durbin amendment to the Dodd-Frank Act.