Finding balance in risk management is critical for financial institutions. Many have learned that tightened lending rules and a focus on collections has come at a detriment to doing business.

A German banking committee has approved an Ingenico SA payment terminal as the first to accept contactless payments in the country under a new contactless pay system called giorgo.

DES MOINES, Iowa – SHAZAM card network introduced a system this morning that will provide SHAZAM debit cardholders with free, on-the-go access to their debit card accounts.

Some prominent mobile wallets today rely on NFC as the primary method of making payments. These include the mobile carriers’ Isis venture and Google’s mobile wallet. Others, such as PayPal, consider NFC optional. The mega-retailers’ Merchant Customer Exchange (MCX) venture, which has yet to release a product, promises a software-based alternative to NFC, storing card data in the cloud and using bar codes to conduct transactions.

The acquiring industry's established players are concerned about tech companies entering the business, but they're doing something about it – often by joining forces with the new kids.

Online payments gateway provider Payelp Global will provide its merchants with a payment option that will help customers without credit cards, or those in markets that don't accept credit cards, shop online with a virtual prepaid card.

PHOENIX – Credit Union West has selected Connect Financial Solutions’ suite of online banking, mobile, online account opening and custom channel solutions.

Improving the checkout experience and accepting alternative payments will be a key focal point of many retailers’ investment in online infrastructure, according to the results of a Forrester Research survey commissioned by Shop.org, the digital retail division of the National Retail Federation.

Retailers are looking to payments technologies to empower them to provide a more personalized shopping experience, one that improves consumer engagement at the point of sale and helps build customer loyalty, according to experts who spoke Sunday at the National Retail Federation’s annual convention in New York.

An enterprise that compiled and sold criminal record reports has agreed to settle FTC charges that it operated as a consumer reporting agency without adhering to Fair Credit Reporting Act rules.

There's no turning back — prepaid cards have left a permanent mark on banks, card networks, alternative payment providers and more. Some might consider that mark to be a scarlet letter, but many now wear it as a badge of honor.

Ingenico SA agreed to offer Shift4 Corp.'s gateway offering as part of the French terminal maker's point-to-point encryption portfolio.

Groupon's push into the payments business continues with an update that brings its mobile card reader to Android phone users.

The Clutch mobile wallet, launched last month, joins several other apps that seem to compete with Apple's Passbook while also integrating with it.

POUGHKEEPSIE, N.Y. – TEG FCU has chosen Connect Financial Software Solutions online, mobile P2P and PFM solutions in a multi-year contract.

DALLAS – Corner Stone CU has signed with SIGNiX to implement the company’s digital signature system, allowing members to sign documents from any computer or mobile device that has an Internet connection.

MIDDLETOWN, Ohio – MidUSA CU has signed with eDOC Innovations to implement the company’s DOCLogic core image processing suite, including CheckLogic for branch check image capture processing.

American Express announced plans for 5,400 layoffs after the stock market closed Thursday, citing technological changes to existing business lines.

USForex, a business that offers foreign exchange services to U.S. residents, is marketing its exchange platform services to American banks.

NCR Corp. is launching a mobile point of sale consulting service.