NetSpend said that direct-deposit enrollment, as well as its work with retail partners, helped lift its earnings in the second quarter. It is also raising its fully-year guidance.

Bloggers and tech reporters have been quick to give Visa a swift kick in the pants for the failure of a point-of-sale system at London's Wembley Stadium during Olympic soccer matches this week. But Visa says, and Wembley Stadium has acknowledged, that the breakdown at the stadium occurred on a system that Wembley owns and operates.

As competition heats up for mobile-wallet providers, the various underlying technologies are starting to show whether they have long-term viability.

Long after the 2004 unveiling of the Payment Card Industry data security standard, many merchants remain unaware of it and know little about the threat data thieves pose, says Bill Farmer, CEO of Mako Networks.

GRAND RAPIDS, Mich. – Lake Michigan CU said it has successfully launched Online Resources Corp.’s Architect Digital Banking solution, converting nearly 102,000 members to the new platform after a “smooth” implementation.

DEARBORN, Mich. – DFCU Financial has signed with Hyland Software to add the company’s OnBase enterprise content management system.

JERSEY CITY, N.J. – Liberty Savings Federal Credit Union has been selected as the winner of a $100,000 CU Extreme Network Makeover, sponsored by Horsetail Technologies and Credit Union Journal.

SCVNGR, the mobile-payments provider behind LevelUp, will use its latest venture-capital infusion to sign up national restaurant chains as it ramps up efforts to expand nationwide.

Higher One, the college-payment processor founded by three Yale students, is seeking a buyer and has contacted private-equity firms, said three people with knowledge of the discussions.

Virtual Piggy has added its online payment system for young shoppers to the osCommerce platform, an open-source e-commerce system.

PROVO, Utah – MoneyDesktop, the provider of the popular online personal financial management solution, announced this morning it has acquired MoneyReef, a Provo-based start-up provider of Reimburse, a mobile budgeting service.

As Google expands its mobile wallet to more phones and, with yesterday's update, potentially more banks, consumers have more opportunities to try it — and to encounter its limitations.

DALEVILLE, Ala. – Army Aviation Center FCU is one of the first clients of Banno, formerly known as T8 Webware, to go live with the company’s a responsive design format, enabling the site to adjust for online, mobile and tablet users.

A fresh update to Google's mobile wallet allows users to make payments from any credit or debit card, a move that fundamentally changes the company's approach to working with issuing banks.

Payments security providers and mobile card reader vendors alike will watch with much interest from the sidelines as iZettle AB tries to resolve its restrictions from Visa Europe for processing Visa transactions in the company's core market.

Starting today, the mobile payments company iZettle is saddled with a major restriction in not being able to accept Visa transactions in parts of Europe. Its problem serves as an example to rivals in the U.S. and overseas.

Household purchases, which account for 70% of the economy, were unchanged last month after a 0.1% decline in May, according to a Commerce Department report released Tuesday.

U.S. payment-card industry rivals have decided to come together, at least for a few days, to better navigate the gargantuan task of migrating to the modern EMV chip-card standard by 2015.

Many small-business owners don't understand social media, and American Express Co. is making increasing efforts to instruct them in the best uses of such sites. A focus of Amex’s efforts is its forum on LinkedIn, where bird-supply vendor Mitch Rezman participates.

California Attorney General Kamala D. Harris has created a new Privacy Enforcement and Protection Unit within her office to "hold accountable those who misuse technology and invade the privacy of others."