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.

Taulia, which sells business-to-business payments technology, has raised $18 million in new funding.

A court ruling in Philadelphia on Thursday states that consumers may withdraw their consent to have robocallers contact them by cell phone.

Online publisher ClickBank is using payment information to help vet the businesses that use its service.

Continuity Software plans to release software to detect weaknesses in the technology that connects data storage to servers, potentially spotting areas where payments data is at risk of being lost.

Gas station owners may have the most difficult task of any retailers in preparing for mobile payments and EMV cards because of their dated systems and equipment — and because many of their customers fear that using their phones at the pump will cause fires.

If you are not engaging people on social media as an adviser, it’s time to catch up.

MADISON, Wis. – CUNA Mutual Group reported its Smartphone Loan has accounted for $1 billion in loans made via mobile devices since it launched two years ago.

BOCA RATON, Fla. – IBM Southeast Employees FCU here has created a Web and social media campaign built around CUNA’s “Don’t Tax My CU” initiative.

LIVONIA, Mich. – To help CUs boost auto lending, Invest in America is letting credit unions know in real-time when a member asks for a GM Credit Union Member Discount.