EverBank Financial has reached a $43 million settlement with the Office of the Comptroller of the Currency in connection with allegations of improper foreclosure practices.

Fraudsters are once again taking a shine to using tin foil to tamper with the satellite dishes that gas stations use to transmit payment card data to authorizing banks and processors.

Developing the Starbucks mobile payment app stands as a badge of honor in the career of Chuck Davidson, who is now the head of product for CardFree, where he continues to work alongside several of the experts who helped make the Starbucks app a massive success.

Virtual Piggy and American Express are trying to win the attention of gamers by offering them prizes in their favorite online games — but players only get the prizes if they change the way they pay.

ST. PETERSBURG, Fla. – PSCU has introduced a Remote Deposit Capture (RDC) solution to its nearly 700 member CUs that can be integrated into their existing electronic banking and mobile banking platforms, or deployed as a separate standalone application in a member’s mobile device.

The Financial Crimes Enforcement Network will continue discussions with the Bitcoin community after meeting with the Bitcoin Foundation and a host of regulators and law enforcement officers in Washington D.C. today.

PayPal's building its move into physical stores brick by brick, and its processing partnership with TSYS is one of its largest moves to date, threatening to grab payments business away from card-issuing banks.

A Bitcoin trade group will meet today with the U.S. Treasury Department's Financial Crimes Enforcement Network and an array of law-enforcement officials and regulators to discuss oversight of the digital currency.

Microsoft Corp.'s Microsoft Points, a virtual currency used to buy games and other digital media on its Xbox consoles, is being eliminated today.

TSYS has agreed to process PayPal payments made through the eBay subsidiary's partnership with Discover.

The average balance on third-party collection accounts fell in the second quarter ended June 30 to $1,409 per account, down from $1,433 in the first quarter, according to the New York Federal Reserve Bank's Quarterly Report on Household Debt and Credit.

Tradehill Inc., an exchange for virtual currencies such as Bitcoin, is moving customer accounts to a U.S. credit union, a shift designed to make it easier for clients to complete transactions.

Danish mobile point of sale provider Wallmob is introducing a new tablet stand to a payments market where technology is heavily influenced by the card companies that dominate the region.

Convenience for the receiver will ultimately drive mass adoption of P2P payments and give financial institutions that deploy this service a competitive advantage.

A selection of images featuring credit unions’ efforts in their communities.

Facebook is building on the success of its plastic gift cards by adding merchants that can accept it, but is also planning to eliminate a system that lets the social network's users send mailed gifts.

BitPay Inc., a Bitcoin payment gateway for online merchants, has created a simplified interface for consumers and added several plugins to encourage more merchants to accept the virtual currency without writing new code.

Facebook shocked the payments industry during its IPO when it revealed it already got 15% of its revenue from payments. The social network has also proven a fertile ground to other companies that have figured out how to incorporate Facebook's platform into their own offerings.

MasterCard's biometric security venture with the South African Social Security Agency has helped the agency distribute more than 10 million active MasterCard debit cards throughout the country.

Vodafone and ICICI Bank are offering the M-Pesa mobile money service in New Delhi and Mumbai, according to reports.