WINSTON-SALEM, N.C. – Piedmont Advantage CU has broadly expanded its relationship with CO-OP Financial Services, adding mobile services, and debit and credit processing from the company.

WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling told credit union executives during NAFCU’s Congressional Caucus he wants to accelerate reform of the secondary mortgage market with the phase down of Fannie Mae and Freddie Mac over the next five-to-seven years and the elimination of the federal guarantee on mortgages they buy.

WASHINGTON – Ginnie Mae this week presented itself to credit unions as an additional way to sell their mortgages on the secondary market, with a new conduit it is issuing with the Federal Home Loan Bank of Chicago.

PayWith's digital wallet can allow any merchant that accepts MasterCard to also accept mobile payments without buying new hardware.

The 12 Federal Reserve district banks warned of mounting threats to the U.S. payment system such as fraud, and called for streamlining transactions from the point of payment to the point of receipt.

U.S. Bancorp has added Visa's share to its own in the supply chain processing network joint venture, Syncada.

Many mobile commerce systems are built on the premise that we need something simpler than typing a complex password on a small screen. With the iPhone 5S, Apple unveiled its own solution: a fingerprint scanner.

The digital payments initiative clearXchange is run by three banks that make up more than 50% of the online banking market in the U.S., but it still has a lot of work cut out for it.

SavedPlus has launched a platform that encourages consumers to save a small amount of money every time they make a payment.

A Web-based platform for businesses and individuals to send and receive electronic checks is being pitched as an alternative to typical online bank account transfers.

Time Inc., the largest magazine publisher in the U.S., is in advanced talks to buy American Express Co.’s publishing arm, including titles such as Food & Wine and Travel + Leisure, according to an executive with direct knowledge of the plans.

The bank-run payments venture clearXchange has named Wells Fargo's Michael Kennedy as the company's chief executive officer.

SAN DIEGO – Mitek Systems, pioneers in mobile banking, rolled out a Mobile Photo Account Opening product this morning.

SCRANTON, Penn. – Tobyhanna FCU said this morning it has installed two NCR APTRA Interactive Tellers in order to increase service hours for its members.

U.S. District Judge John Gleeson has an opportunity this week to put an end to an antitrust complaint against Visa Inc. and MasterCard Inc. that dates back to 2005. But the courtroom battle may continue past the Sept. 12 fairness hearing.

EVO Payments International has chosen a name to invoke the effect its perpetual software license from IP Commerce Inc. will have for the company — EVO Snap.

Today's the day Apple unveils the successor to the iPhone 5. Here's a look at the leaks, patent applications and other rumors that shed light on the company's mobile payment plans.

Transaction Network Services (TNS) will use Inetco Insight to monitor TNS' ACI Postilion payment processing environment to spot potential performance glitches.

Paydiant, a cloud-based mobile wallet provider, announced a $15 million Series C round of funding led by one of its customers to speed up product development, marketing and sales.

PayPal has unveiled PayPal Beacon, a plug-in device for merchants that will detect when shoppers running PayPal's mobile app enter a store.