The international ATM heist that lifted $45 million from two Middle East banks could have been prevented had better security controls been in place at the card processors, the ATMs and the banks involved, according to analysts. The security lapses could lead to legal liability for many of the companies duped in the process.

Baxter Credit Union has become the first credit union to go live with a proposed credit union standard for the integration of CU data across diverse channels, a specification being called CU Financial Exchange, or CUFX.

In what amounts to its biggest brick-and-mortar undertaking to date, PSCU has opened a 9,050 square-foot state-of-the-art data center in Phoenix, which supports nearly 700 of its member-owner credit union clients.

Months after launching CO-OP Financial Services' virtual credit union branch, Sprig, Cal Center CU reports it has experienced increases in mobile-user transactions while adapting to a smartphone learning curve.

Having a Facebook page that simply underscores available banking services doesn't equate to interactions with members, a lesson University of New Orleans Federal Credit Union realized once it changed its social media approach.

After years of hunkering down on capital improvements, rebounding bottom lines at many credit unions have core conversions or technology upgrades back on the expenditures budget for 2013 and 2014.

An Experian trend analysis of first quarter mortgages and bankcards shows a 16% increase in mortgage origination volume and a 20% jump in bankcard limits, both compared with the year-ago period.

Corporate cardholders have complex needs, Citi Commercial Cards has learned in developing its mobile corporate card portal.

Square has completed a major overhaul of the cloud-based Square Wallet, which allows consumers to make purchases from a linked payment card by "checking in" at a Square merchant. Here are some of the key differences in the new Wallet app.

Plastyc Inc. now does business as Banking Up, a name that signifies the direction in which it is taking its prepaid offerings, iBankUP and the UPside Visa card.

BitInstant, a purchasing platform for Bitcoin, is ramping up security by implementing Jumio Inc.'s Netverify software.

Prepaid card program manager Praxell is partnering with card marketer and producer Arroweye Solutions and identity provider ABnote to produce a card that combines municipal identification and payments.

Electronic commerce services provider Billeo has purchased Swag.io, an e-commerce platform provider that allows companies to place purchase links directly into social media posts.

ShopKeep POS is adding credit card acceptance through PayPal at a 2.7% per-transaction fee, which it says is competitive with other processing options.

WEST JORDAN, Utah – Mountain America CU said it has put a trained “technology champion” in each of its 76 branches to assist and answer questions as members take advantage of Mountain America’s mobile and online banking services.

Impactorg, a consortium developing mobile payments products for merchants, partnered with Zipmark Inc. to use its digital check service to streamline consumer reloading of its mobile wallet.

Nearly 50% of consumers participating in a WorldPay survey about payment technology say they would like to use biometrics for security.

An FBI official said Wednesday that the volume of cyber threats the country faces has increased dramatically over the past decade — so much so that the agency is reaching out to bankers for their input and help.

Many small merchants operate a website not conducive to accepting payments on mobile devices, and many have not upgraded point of sale terminals to accept mobile payments.

Square Inc. has redesigned its mobile payment app, displaying its merchants as thumbnail images instead of as a list and placing a greater emphasis on discounts and loyalty.