Commonwealth Bank of Australia is offering a social payments app called CommBank Kaching for Android handsets. The bank will also launch a Facebook app later this year.

For years, the payments industry has been waiting for Apple to disrupt the market with a payment-capable iPhone. Some are finally getting sick of the wait.

Consumers may not be pushing for stronger card security because they feel overly protected by the systems in use today. But they do face real costs for fraud.

With the spread of smartphones, many people are now carrying devices that have both a camera and a data connection - and many payments companies are taking full advantage of this.

Apps on Apple's iTunes store are vetted at length to make sure they are safe for users and comply with rules set by Apple. In a rare instance, something malicious seems to have gotten through this process and onto users' phones.

As Facebook and Google work to become trusted names in payments, fraudsters are quick to exploit that trust.

Telefonica SA said July 5 that it is working with Facebook , Google, Microsoft and Research in Motion to allow customers to pay for digital goods with their smartphones.

PayPal is expanding the ways a smartphone's camera can be used to facilitate payments within its apps.

Deutsche Telekom is in discussions with Google along with credit-card companies and banks to add partners to its mobile-payment system.

The Twitter account @NeedADebitCard shames people who post photos of their debit cards online — but as anti-fraud systems advance, how much danger is there from these photos?

Two credit union vendors have teamed up to make a $10,000 donation to Children's Miracle Network in honor of Virginia CU, which won the FIS/Unisys FIRST Award for 2012.

Lender Processing Services has acquired LendingSpace, a provider of mortgage loan origination software solutions.

Retailing giant Wal-Mart may be pulling American Express prepaid cards from its shelves due to poor sales, according to an analyst report from Jefferies & Co.

Private-label credit card portfolios haven't looked so healthy in years, at least in terms of credit quality.

Mobile devices can be used to add a second factor of authentication for bank accounts, but they can also be an easy factor for fraudsters to misuse.

"A burglar cannot rob 300 homes in one night, but a cybercriminal can attack 300 mobile devices at a time," said Dr. Markus Jakobsson, principal scientist, consumer security at PayPal.

Consumer delinquencies in the first quarter of this year improved in 10 of 11 categories - including bank cards, personal loans and auto loans - but the trend may slow through the rest of the year, the American Bankers Association reported Tuesday.

U.S. Bank will pay $55 million to settle overdraft litigation against it, according to a filing in Southern Florida U.S. District Court.

Citigroup is testing new mobile payment features with its U.S. commercial cardholders in anticipation of a global rollout.

SHARON, Mass. – Sharon CU will be testing a new iPad app for Vertifi Software’s popular DeposZip remote deposit capture solution later this summer.