The Fancy, an online shop with items culled by customers, raised $53 million from investors including American Express Co., billionaire Len Blavatnik and actor Will Smith, people familiar with the matter said.

SAN FRANCISCO – At least four credit unions being sued for patent infringement over real-time transaction technology have agreed to settle the civil claims in exchange for license deals, with the final deal awaiting court approval.

Credit union employees and volunteers were urged last week by CUNA Chairman Pat Wesenberg to get on Facebook and Twitter and other social media outlets to sell the story of credit unions and the latest campaign to preserve the credit union tax exemption.

How to deliver the best possible e-service experience? For one credit union, it boiled down to fixing members' computers and walking them through the CU's e-solutions while they waited.

A mobile strategy can help small CUs play bigger to take on larger competitors, according to one consultant who shared ways to enter the mobile space on a limited budget.

Thirteen credit union and trade association marketing executives from Australia, Brazil, Canada, Korea and the United States met at World Council of Credit Unions' headquarters here for a day-and-a-half event called the "Build the Brand Workshop."

A former debt collector was found guilty last week of three counts of aggravated identity theft, three counts of wire fraud and one count of conspiring to defraud the United States by filing fraudulent federal income tax returns, according to the U.S. Department of Justice.

Seeing coins as dead weight in payments, a startup called Coinvenience is designing a system to allow consumers to reject loose change by instructing retailers to deposit the leftover coins into a stored-value account at the point of sale.

LevelUp founder Seth Priebatsch could barely contain his excitement when discussing the possibilities of Google Glass, a mobile device built into a headset that Google sells only to a limited number of early adopters.

A group of payments companies experienced in international business have formed a network to support e-commerce merchants as they plan their global expansion.

Flipkart has expanded its e-commerce business in India by adding PayZippy, its own payment gateway software for merchants.

Retailers are bombarded with new mobile payment methods. Many merchants chose to move forward with two or more new technologies rather than bet their future on just one mobile wallet.

Google Glass, a headset built by Google to be the next big mobile device, doesn't do much yet. But its features open new possibilities to companies like Square, LevelUp and PayPal as they seek to take over the point of sale.

NORTH CANTON, Ohio -- Diebold announced today it is making its Concierge Video Services available to all financial institutions after successful consumer pilots at Missoula FCU and Mountain America CU.

The mobile billing company Boku and entertainment giant Sony now allow consumers in the U.K. to purchase content from Sony's PlayStation Store by adding the charges to their mobile phone accounts.

Telecommunications company Everything Everywhere Ltd., operating as EE in the U.K., will offer a new mobile payments service to its customers July 17.

Green Dot is taking a cautious approach to accepting remotely deposited personal checks — so cautious that it runs the risk of alienating customers and putting at risk tens of millions of dollars in investments at GoBank, its recently launched branchless operation.

The creation of mobile wallets sparked a battle between retailers and wallet providers over the control of consumer data, and the evolution of card-linked services has the potential to stray into a similar minefield.

Intuit's decision to shed its digital banking division demonstrates the technology developer's position that banks aren’t the only way to marry merchant services with consumer mobile payments.

The Chicago Transit Authority is planning an August launch for its new fare system that will allow retail and fare payments from the same card.The open standards fare system is called Ventra and was developed through a partnership between Cubic Transportation Systems, MasterCard and First Data. With it, Chicago transit riders can pay for fares on the city's elevated trains (called the "L"), buses and subway that are all operated by the CTA, as well as suburban bus line fares for routes operated by a separate transit authority called Pace.