WICHITA, Kan. – NCUA Monday evening filed a civil suit against 13 international banks, including J.P. Morgan Chase, alleging violations of federal and state anti-trust laws by manipulation of interest rates through the London Interbank Offered Rate (LIBOR) system.

Payment terminal maker VeriFone has appointed Paul Galant, previously a Citigroup payments executive, to be its chief executive officer and a member of its board of directors, effective Oct 1.

Mobile wallets are as much a threat as an opportunity to the credit union community. In an effort to fight back, One Nevada Credit Union is working with several experts on CU Wallet, a credit union-focused mobile payments system.

MasterCard and e-invoicing provider Basware will offer an electronic payments system designed to speed payments and approvals for suppliers and extend payment terms for buyers.

Singapore-based F1Soft International will provide online and mobile money transfer software to Bangladesh Commerce Bank to help customers seeking ways to send money to family members in other countries.

For credit unions, mobile wallets are as much a threat as an opportunity. In an effort to fight back, One Nevada Credit Union is working with several experts on CU Wallet, a credit union-focused mobile payments system.

A substantial majority of payments in the U.S. and Canada are non-cash, placing the two countries close to being cashless, MasterCard reported Sept. 23.

Payment processing software company ACI Worldwide has entered an agreement to buy Official Payments Holdings, a seller of electronic bill payment technology.

Richard Lyon is the new commercial director for Northern Europe at Spire Payments, a payments technology company.

PayPal is nearing a deal to buy Braintree Payment Solutions, which would give the eBay subsidiary access to transaction fees from more than $10 billion in payments Braintree processes annually, according to a report in the Wall Street Journal.

In addition to NCUA's proposal to stress test large credit unions, the agency is also rolling out new initiatives related to investigating fraud.

Having software with the ability to cross-sell products and services to members based on internal, forward-looking data removes the guess work.

As more credit unions look to the clouds for information storage and access, issues surrounding security and best practices become more pronounced.

The ever-growing file of aggregated, disparate information known as "big data" is leaving many credit unions with more questions than answers.

For many credit unions, having a Facebook presence helps build brand awareness and foster member loyalty. And it's always interesting to see how many members click the "like" button on their CU's page.

The ability to decipher member information into actionable intelligence is a goal many credit unions executives would like to achieve.

The advent of online and mobile bill payment solutions has changed consumer bill payment behavior, resulting in additional revenue for debit and credit card issuers, cost savings to billers, and lost revenue, according to a new Aite Group report, "How Americans Pay Their Bills: Sizing and Forecasting Bill Pay Channels and Methods, 2013-2016."

Only two months after offering mobile check deposit as convenient service app to its 170,000 members, Apple Federal Credit Union has experienced fraudulent transactions.

On a typical workday, Jackie Pickard, a teller at American Heritage Federal Credit Union in northeast Philly, walks into the CU's stately office building, fires up her computer and begins her day serving members-some of whom are located miles away.

In a very short time, Florence Savings Bank has seen its customers demonstrate a fanatical devotion to its new instant debit card issuance system.