Securitized credit card charge-offs in July rose from the previous month, but the jump was due to one-time factors. Charge-offs should resume their downward trend this month and reach about 4% by the end of the year, according to Moody's Investor Service.

The Maricopa County (Ariz.) County Attorney's Office is warning about a scam involving callers threatening individuals and claiming to be collecting for the county.

Citing risks from Europe and budget tightening, Standard & Poor's raised the chance of the U.S. falling into recession as the economy struggles to recover.

A Pennsylvania-based start-up is working to expand the availability of local merchants' gift cards through software that makes virtual versions for online use. The goal is to open traditionally local sales to the rest of the country.

Nearly a third of acquirers surveyed still view mobile payments as a threat.

PayPal's point of sale mobile payment system combines over half a decade of initiatives — and a few notable setbacks along the way.

Small business bankruptcies fell in the second quarter ended June 30, shrinking by nearly 17% from the previous quarter, according to Equifax's Small Business Bankruptcy Report.

Consumers are doing a better job paying off their debts, according to an index of defaults on mortgages, credit cards and auto loans.

As a new partner for PayPal, an early partner for Isis and the first issuer to sign on to a new method of participating with Google Wallet, Discover Financial Services is establishing itself as a foundation for mobile payments initiatives.

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.