A new Baltimore federal court filing shows that more than $2.9 million was seized by the Department of Homeland Security from Mutum Sigillum LLC, a U.S. subsidiary of Tokyo-based Bitcoin exchange Mt. Gox, in May.

Payment processor Mercury Payment Systems is collaborating with PayPal to allow Mercury's software developers, resellers and 80,000 mostly local merchant clients to accept PayPal payments in stores.

Schools are increasingly relying on digital payments for the cafeteria and activities — a trend that is proving to be fertile ground for payments technology as frantic parents seek ways to keep their kids properly fed and supplied for their education.

As check registers and passbooks fade into obscurity for a growing number of bank customers, Realex seeks to further modernize payments by putting a human face on accounts.

MADISON, Wis. – The Filene Research Institute is partnering with digital strategy research firm Novarica with a new Digital Strategies program it said is designed to a enhance credit unions’ online sales.

ONTARIO, Calif. – With new data showing 32% of U.S. adults bank using their mobile devices, every credit union should have a mobile strategy, according to Brad Ganey, COO with Catalyst Corporate.

With another iPhone announcement expected in the next month, a recent Apple patent application for digital content gifting could provide insight into how Apple would develop Near Field Communication technology for payments.

While some Bitcoin businesses hesitate to respond to the evolving regulatory framework surrounding digital currency, Robert Pargac, director of global investigations and compliance at Navigant Consulting, says Bitcoin businesses should stay proactive and aggressive in their approach to risk and compliance.

Recognition by a market-based standards organization such as ISO, in the form of a three-letter code, would set the stage for increasing market depth and liquidity of bitcoin trading — in turn facilitating overall consumer and merchant adoption.

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 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.