PayPal is cutting as many as 400 jobs, or about 3 percent of the workforce, an effort by President David Marcus to reorganize the payment processor and trim costs, a person with knowledge of the plans said.

SAN ANTONIO – River City FCU has introduced a bilingual mobile banking app, rcitymobile, which offers service in English and Spanish and is available in both the Apple Apps Store and Google’s Play store.

More financial institutions are working to issue EMV chip cards while merchants are dropping bills to install the proper terminals before certain liability-shift deadlines arrive. But as this transition finally reaches consumers, some may adopt habits that negate the benefits the EMV standard provides.

Many third-party mobile payment providers, such as Google and Isis, are seeking bank partners for their mobile wallets. Should banks agree to their terms or go it alone?

In the grand scheme of mobile payment readiness and adoption globally, Japan has always been at or near the top of industry measuring sticks. Now one of Japan’s mobile communication giants is partnering with MasterCard Inc. to expand contactless payments worldwide starting in 2013.

Jumio Inc., which provides technology for accepting card payments through a webcam or smartphone camera, hired CyberSource's Michael Orlando as its chief sales officer.

MasterCard's approach to mobile payments is driven greatly by the series of mobile phone innovations simultaneously occurring around the world, according to the network's group executive for mobile.

If mobile payments can be presented as an opportunity for merchants and point of sale developers, rather than a disruptive threat, the attitude will speed adoption and provide consumers with a better experience, according to Matt Cicciari of Merchant Warehouse.

Any uncertainty in mobile wallet development fuels speculation in an industry anxious to see what shape mobile commerce will ultimately take. In this industry, products that make it even farther than where Isis is today don't always work out.

SOUTH BEND, Ind. – Teachers CU is implementing FrontRange’s HEAT Cloud Hybrid IT Service Management solution.

FAIRFAX, Va. – FedComp announced it is switching all 130 of its VirtualCU credit union clients to Database Management Services’ HomeCU product.

WASHINGTON – Credit union executives were so impressed by the latest innovations and ideas presented at the annual BAI Retail Delivery Conference this week that many were already budgeting to make purchases and implement new cutting-edge technologies on display here.

As mobile banking and payments take off, self-service manufacturers such as Diebold are increasingly challenged to weave mobility into their ATM and kiosk technology.

A report that Square is near a deal to put its credit-card reader in more New York City taxis isn’t true, according to a statement from New York City’s Taxi and Limousine Commission.

MoneyGram won a judge’s permission to pay $10 million to settle a 2011 shareholder lawsuit over a company recapitalization plan.

Groupon began offering an application for Apple’s iPad that lets merchants track purchases, part of a push by the daily-deal company to add new lines of sales to make up for slowing growth in online coupons.

Plastic cards or mobile phones remain popular devices for contactless payment technology developers, but the human wrist is not far behind.

Many in the industry are starting to catch on to the concept that payments, while a critical foundation for mobile wallets, are taking a back seat to the sexier consumer-facing digital coupons, loyalty programs or targeted promotions through a mobile phone.

RYE, N.Y. – USAlliance FCU has implemented NCR's cross-channel marketing software APTRA eMarketing to help improve its marketing communications to its 40,000 members.

GROTON, Conn. – Scient FCU, the Pfizer Corp. credit union known till recently as Ledge Light FCU, has signed with Online Resources Corp. to implement the company’s Architect digital banking solution and bill payment services.