The German Finance Minister has ruled that Bitcoin is a “currency unit” and a form of “private money," and that the digital currency's users should pay sales tax as well as capital gains tax, Ars Technica reported on Aug. 18.

Youth e-commerce company Virtual Piggy will provide its payment engine to Marvelous USA, which sells video games.

Payments processor Total System Services, or TSYS, has added a fraud mitigation program from Fair Isaac Corp., a data analysis and credit risk company commonly known as FICO.

The Financial Brand has released an updated listing the top 100 credit unions for the second quarter according to Facebook "Likes."

When management and board of $67 million Natco Credit Union go to their 2014 strategic planning sessions, they will know exactly what the members need-because they asked.

In what marks a first in the credit union industry, MidUSA CU has instituted a high-definition 3D technology interface that places life-size, real-time financial experts, complete with eye contact and theater quality sound, in branch locations.

For brand new credit unions with limited membership, technology is among the biggest challenges. That has made third-party solutions the best available IT option.

As the height of the hurricane season approaches, credit unions in disparate regions of the nation are taking proactive measures to ensure disaster recovery measures are in place. That interest is by no means limited to the Southeastern U.S., especially after Super Storm Sandy devastated the Northeastern U.S. in 2012.

With $2.5 billion in assets and 747 employees Wescom Credit Union's IT platform is expansive.

Like many IT managers in the industry, Dennis Fore of Pasadena Service Federal Credit Union's essentially runs a one-person show.

It's easy to point to the multi-billion-dollar banks and conclude credit unions simply can't compete when it comes to technology offerings.

Many well-intended senior executives are often unarmed when negotiating or renewing IT contracts, meaning the credit union frequently overpays. But when done right, even mid-sized credit unions can save as much as seven figures on an enterprise-wide negotiation.

Advances in browser technology have enabled $1.6 billion University of Wisconsin CU to become the first to build mobile check deposit into its mobile browser, according to Bank Technology News.

CVC Capital Partners Ltd., one of Europe’s largest private-equity firms, agreed to buy a majority stake in British online payment company Skrill Group Plc from Investcorp Bank BSC in a deal worth $800 million.

VeriFone Systems has launched Way2Ride, a mobile app that enables taxi passengers to get in, tap to pay, and get out of the cab the moment their ride is over.

Facebook’s new mobile checkout initiative brings heft to the power of social data in areas such as advertising and payments risk, and aims to improve the user experience on mobile apps.

KINGSTON, Jamaica – The Jamaica Co-operative Credit Union League, or JCCUL, has been testing its Jamaica Credit Union ePayment Services and will make a more widespread launch today, according to local media reports.

Bitcoin users who help maintain the digital ecosystem's official record of transactions may soon find themselves required to register with the Financial Crimes Enforcement Network as administrators of the alternative currency.

Microsoft Corp. is joining Eurosmart, a Brussels, Belgium-based association that develops security standards for smart cards, terminals and other electronic applications.

As the Isis mobile wallet comes out of pilot, it's important to note that not every emerging payments initiative makes it this far. But in experiments, any result can be valuable if the companies behind the test find something to learn from it.