Bank of America began offering EMV chip technology for many of its consumer credit cards. It already offers chip-based cards to corporate and commercial customers in the U.S. and Europe.

Last year, Citi began processing check and automated clearing house transactions in order from the lowest dollar amount to the highest, a move that minimizes the potential for overdrafts. Today, it wants to make sure consumers — and perhaps regulators — haven't forgotten.

Isis is seeking independent sales organizations to promote mobile payments to merchants in a test of its mobile wallet this year in Salt Lake City and Austin, Texas.

Russia's Neyva Bank has launched a virtual prepaid Visa card that is it issuing through its ATM network. And it completed the task in roughly two weeks.

LATHRUP VILLAGE, Mich. – Michigan First CU said Friday it signed with Corelation to implement the company’s core processing solution, the San Diego-based company’s biggest credit union win so far.

TUKWILA, Wash. – A Russian hacker was arrested last week on charges of attacking Amazon.com and Priceline.com websites and possessing credit card data for more than 28,000 accounts for Boeing Employees CU members.

More cities may be losing their willingness to pay debt obligations, according to Moody’s Investors Service, citing the recent bankruptcies of both Stockton and San Bernardino in California as the latest examples.

Discover Financial Services is launching additional perks to its flagship credit card under the Discover It tagline in a test involving about 10% of the U.S. market, including Chicago.

Many high-tech approaches to payments are short-lived. A lucky few get a second chance to disrupt the market.

It's still too early to say that any virtual currency threatens cash, but currencies such as Bitcoin, Facebook Credits and even the gold earned in World of Warcraft games have attracted a meaningful audience.

Security and compliance are still daunting issues for merchants. Phoenix Managed Networks hopes to ease this pain by offering its network security product to "hundreds of thousands" of merchants through a new partnership with Sysnet Global Solutions.

PORTSMOUTH, N.H. – Service CU this morning announced the introduction of Fiserv’s Popmoney, a free person-to-person payment service.

Developing a mobile wallet for consumers is one thing. Getting those consumers interested and educated about how the wallet works and why they should use phones for payments is an entirely different matter.

The several thousand visitors enjoying Hersheypark this summer can pay for everything they do at the amusement and water park with a flick of the wrist.

The Federal Trade Commission told a Senate Judiciary subcommittee on Wednesday that it is examining the benefits to consumers, as well as privacy and security concerns related to future commercial uses of facial recognition technologies, and will make recommendations later this year on best practices for companies.

Recurring revenue and a recent spate of publicity are luring potential buyers into the acquiring industry's merger-and-acquisition market.

The days of the add-on mobile card reader may be numbered, as recent developments around software-based approaches gain strong momentum.

Google's decision to add Google Wallet to its new Nexus 7 tablet could break the limitations its mobile payment system has faced in reaching consumers. 

MANSFIELD, Texas – Texas Trust CU launched its new mobile banking program for Apple, Android and BlackBerry smart phones.

PayPal Inc. posted another strong financial performance during the second quarter, driven primarily by continued merchant and consumer adoption, the payments unit of parent eBay Inc. announced July 18.