PayPal next year will extend its reach through Discover Financial Services' network, enabling direct acceptance of the PayPal digital wallet at more than seven million U.S. merchants.

Visa is offering a new data encryption service that could compete with third-party security vendors' offerings. The service's launch also indicates the card brand's growing desire to push beyond the requirements of the Payment Card Industry data security standards.

If the Shazam electronic funds transfer network had its way, smart cards issued with EMV chips would require a single PIN that would both open the chip and route the transaction for settlement. But "that's still under discussion," an exec says.

Canada's government wants to hire a collection agency to recoup an estimated $129 million in unpaid fines, according to a letter of interest.

As Wright Express explores ways to incorporate mobile-payment initiatives, it is beginning to test products outside the U.S. first before launching them here, according to a top executive at the fleet card provider.

TAMPA, Fla. – Suncoast Schools FCU signed a contract extension with CO-OP Financial Services, and is upgrading to MemberPayPlus, the premium, fully hosted version of CO-OP Bill Pay.

BURLINGTON, Mass. – Vertifi Software, a CUSO owned by Eastern Corporate FCU, said six more CUs have signed on to its DeposZip Mobile remote deposit capture solution.

Fifth Third Bank is launching a commercial card that has an EMV chip to allow the bank's business customers to make payments overseas.

CreditCall and ChipCap separately announced new readers that handle chip-and-PIN payments from cards that use the EMV standard.

A new report from Javelin Strategy & Research estimates that consumers transferred more than $195 billion in 2011 using online, mobile, and other electronic channels.

For many credit unions, competing with banks in mobile banking technologies has meant turning to third-party vendors. But not at Amplify FCU, which has taken the progressive step of developing in-house its own mobile checking deposit app.

Andrews FCU is using video to demonstrate to members how new products and services will result from a new core conversion.

In an effort to streamline its wire transfer capabilities, McCoy Federal Credit Union recently upgraded its platform to Fiserv WireXchange solution.

In an effort to further secure member data and provide employees with quicker access to applications, Service Credit Union has upgraded to DigitalPersona Pro Enterprise software and U.are.U Fingerprint Readers.

Bay Federal Credit Union's in-house document management product is going public.

After nearly four months of reviewing more than 100 submissions, Horsetail Technologies, in association with Credit Union Journal, announced that Liberty Savings Federal Credit Union won the $100k Extreme Network Makeover.

NEFCU has launched an online small business site aimed at helping small business owners run their businesses.

Stanford Federal Credit Union will always have its place in history as the first financial institution in the world to conduct an online financial transaction.

During a July 19 hearing by the House Financial Services Subcommittee on Oversights and Investigations furthered the Dodd-Frank compliance debate.

ST. PETERSBURG, Fla. – PSCU is inviting credit unions and IT experts to participate in a “Hackathon” at its headquarters here in October.