Several mobile wallets rely on Near Field Communication technology to make contactless payments at the point of sale, and while the availability of NFC in phones is growing, the tech might need a bigger push to reach ubiquity.

NEW YORK – United Nations FCU has signed with The Members Group to offer the company’s fraud text alerts to its members.

CorFire, an Atlanta-based mobile payments technology provider, has opened a London office to provide support and customer service for mobile commerce developments throughout Europe.

The vast majority of small merchants are still storing unencrypted card data and most don't even know it, according to statistics compiled by a security vendor.

Consumer credit card delinquency rates set record lows in the third quarter while consumer mortgage defaults rose to near-record highs, according to a report from the Federal Reserve.

Safaricom and Commercial Bank of Africa introduced a service that allows cellphone users to apply for and receive loans on their handsets. Safaricom is the inventor of the mobile money-transfer system M-Pesa.

A prepaid card has traditionally been the financial equivalent of a short-term romance. Good enough for now, but certainly not something to plan your future around.

Rich Rezek, director of global product management for Retail Decisions, talked with PaymentsSource about the complex world that data security has become in the ongoing conflict with organized crime and petty fraudsters.

Visa is launching a new data security system, called the Visa Consumer Authentication Service, for issuers to use for online transactions.

Dickinson Financial Corp., a $2.1 billion bank holding company, announced the launch of mobile banking and bill payment capabilities.

It’s time for the acquiring industry to think about security in broader terms, a compliance and breach reporting vendor says.

PushCoin aims to give parents a better handle on their kids' spending habits with a payment system rooted in the use of an assortment of items including mobile phones, wristbands and Near Field Communication stickers.

At the heart of many mobile wallets is a system for offering discounts, so these wallets seemed a natural fit for Black Friday shopping. Did they live up to their potential?

American Express announced separate initiatives with Fox and NBCUniversal to provide $35 statement credits to Amex card holders who sync their cards to their Facebook accounts and make purchases on e-commerce sites tied to the networks’ programming.

COLUMBUS, Ga.--Total System Services (TSYS) will have a new "Square-like" look and feel to ramp up its merchant-acquiring business when it closes its deal for ProPay in the next month.

The seasonally adjusted mortgage delinquency rate for the third quarter fell to 7.4 percent, erasing a jump from the previous quarter, according to the Mortgage Bankers Association.

Guitar Center added a new payments instrument at the point of sale, integrating PayPal via middleware provider AJB Software Design Inc.

Just in time for the holiday shopping frenzy, two startups have rolled out mobile apps designed to help consumers choose which credit card to use at checkout.

There's a staggering market for mobile financial services, if only the stakeholders who stand to benefit could get out of their own way.

Visa and Vodafone Australia are launching the SmartPass mobile wallet, which lets consumers with Near Field Communication-equipped phones make payments through a virtual Visa prepaid card.