Members of the EMV Migration Forum are recommending a single common debit code for EMV transactions in the U.S. and plan to provide details later this summer for how the payments industry can implement it.

Virtual Piggy, the parent-controlled money management platform for children, added an experienced mobile banking designer as its new creative director of mobile design.

California’s financial regulator has baffled observers by sending a cease-and-desist “warning letter” to the Bitcoin Foundation. Did the Golden State’s bureaucrats blindly send out letters to any organization it could find with the word “bitcoin” in its name?

Total System Services closed its $1.4 billion acquisition of NetSpend on July 1, in line with its previously disclosed schedule for closing.

The daily self-reported spending for consumers averaged $90 in June, unchanged from May and only a tick higher than March's $89. Unlike economic confidence, which has continued to edge higher since March, consumer spending essentially has remained flat, according to the results of Gallup Daily tracking interviews.

At the recent Mobile Banking Summit here, a question bankers raised several times was: How do we make money from this channel?

The trend of banks kitting out their branches with tablets continues. The hardware, however, is requiring a new skill set of branch personnel: demo digital banking channels so customers know what other channel options exist and learn how to interact with the bank beyond the branch.

Mobile Picture Pay, a new service that lets end-users take pictures of bills to make payments, showed "impressive" results in April, according to a new study from Malauzai Software, Inc.

A new study suggests that offering real-time payments can increase banking convenience and help consumers better manage their financial lives.

San Diego County CU has introduced a new capability for its mobile technology that allows Visa card holders to transfer their credit card accounts from other financial institutions to a San Diego County CU Visa credit card.

Card processor and merchant acquirer Clearent is working with Reward4Schools to help the Missouri-based community rewards provider reach a national audience.

As Citigroup has gotten acclimated with person-to-person payments, it's starting to loosen the restrictions on Popmoney, the Fiserv technology it offers to online banking customers.

Big banks are developing a system to make mobile wallets more secure by walling off customer account information from merchants and other third parties. Citigroup, U.S. Bancorp and other members of The Clearing House, an industry trade group, are jointly working on the technology. Their aim is to address some of the rampant data-security concerns surrounding digital payments. The system, dubbed Secure Cloud, essentially aims to provide a protective layer to customers who use the mobile…

ALBUQUERQUE, N.M. – The CU Association of New Mexico has partnered with computer game maker Media Genesis to create a game for iPhones and iPads to add value to its Kirby Kangaroo Club, a program that introduces kids to savings.

Square Inc. has ended its gift card service, according to a report from Reuters, about half a year after launching the program.

Birch Coffee has used Square's mobile card reader for its delivery service for about two years, and was one of the first to switch to the new Square Market e-commerce site ahead its launch.

MasterCard has begun offering U.S. merchants and developers Simplify Commerce, a product of MasterCard labs, the Purchase, N.Y. card network's research and development lab.

Payments startup Clinkle has attracted a long roster of Silicon Valley investors for its new payments technology, which is expected to debut within the next year.

CCBill has developed a portal to help merchants analyze data produced by payments to spot purchasing patterns and other trends that can tie past transactions to future business strategy.

WICHITA, Kan. – Meritrust CU has deployed Talari Networks’ Mercury APN (Adaptive Private Networking) WAN appliances across its 14 branch locations, corporate office and call center, which serves its more than 75,000 members.