Canada has a head start on the U.S. in adopting contactless payments. And as tap-and-pay technology spreads, the use of cash for routine transactions is on track to decline sharply within five years, a new study contends.

Tokenizing payment information and sending the data to the cloud can solve many issues for companies that accept payments, as long as the companies trust the tokenization provider.

In a scary new mobile-banking fraud scheme, criminals are tricking mobile network operators banks into swapping out the SIM cards in customers' mobile phones and using illegally obtained data to drain a victim's funds from bank accounts.

First Commonwealth Financial Corp., of Indiana, Pa., thought it had done a pretty good job.

SecureKey Sees Investment Capital As A Boost For Online And Mobile Software Rollouts

WATERLOO, Iowa – Veridian CU announced this morning it signed with Western Union to offer members global money-transfer and expedited bill payment services across all of the $2.2 billion credit union’s 26 Iowa branches.

Thieves know: there's money in credit cards. Credit card numbers are still the hottest items stolen in data breaches, far surpassing debit card numbers and Social Security numbers, according to data from Javelin Strategy & Research.

Merchants have never before had so many options for accepting cards, but a stubborn core that deals only in cash may never change its ways.

EUGENE, Ore. – Oregon Community CU has signed with Online Resources Corp. to extend use of ORCC’s services by implementing the company’s Architect Digital Banking solution.

Oregon Community Credit Union has used Online Resources' bill payment for six years. In a new deal with the vendor, it's bringing the offering up to date.

The prominent daily-deals provider Groupon is reportedly branching into payments with a device that competes with Square Inc.

Elavon, a unit of U.S. Bancorp, is taking a different approach to mobile card acceptance by using a wireless card reader that is as big as the phone it pairs with.

A Virginia collection agency erroneously mailed thousands of letters last week for medical bills that likely already were paid, according to officials with Carilion Clinic in Roanoke, Va. The letters went to patients of New River Valley Radiology, which joined Carilion in 2009.

Online merchants are dealing with hundreds of thousands of fraud attempts each day, but they say the various fraud-prevention tools at their disposal are helping them fight off the attacks.

Member service reps trained to ask members who are closing out their account "Do you want cash or a check" should be asking other questions first.

The process used to be anything but simple when the $142-million Holyoke Credit Union found itself fielding questions from members such as, "Why am I getting overdraft charges?" and "Why is there a stop payment on my account?"

A lobby coin-changing machine is too expensive for a small Iowa credit union to afford by itself, but if it can convince the Iowa Credit Union Foundation that the machine will be a real convenience for members, the ICUF may grant money to help pay for it.

When a credit union headquartered in the mountains of western Maine loses a skilled employee, the loss can be painful and create a vacuum. But that human risk factor is reduced significantly when it comes to IT staff at one CU.

Starting out as a virtual credit union may be easier than becoming one, according to a 75-year-old CU here that has always been branchless.

When a credit union deploys a new technology solution, two things are almost sure to happen: It will take longer than expected to optimally use the system, and there will be some software glitches.