Yahoo said it is selling up to half its stake in Alibaba Group back to the company. Yahoo's relationship with Alibaba grew rocky last year when Alibaba transferred away ownership of its Alipay payments unit.

Credit unions must adjust soon to the impact of mobile payments, which can disrupt their revenue from traditional payment systems like credit and debit cards.

Tyfone said Monday that it received two U.S. patents covering technology that can be used for mobile payments.

More consumers are saying yes to new credit lines as lenders slightly loosen loan standards they cinched tight in the wake of the recession. But the market is unlikely to see a return to runaway credit card debt.

SEATTLE – Prevail CU has chosen TRC Interactive to provide its employees with online instruction through its CreditUnionTrainingOnline.

FORTH WORTH, Texas – American Airlines FCU said this afternoon it has completed the installation of new image-enabled ATMs at 15 of its branches.

Small merchants often have only the foggiest notion of what constitutes a secure electronic payment, so a security vendor specializing in Payment Card Industry data-security standards compliance is providing a primer on the subject.

Heartland Payment Systems Inc. is on the verge of opening up payment options for many college-campus concessions previously limited to cash or campus card acceptance.

Isis’ May 15 announcement of an expanded list of merchants who will participate in the soft launch this summer in Salt Lake City and Austin, Texas, should clarify to the industry that the telco-led mobile-commerce platform inevitably will roll out nationally, an Isis executive tells PaymentsSource.

More consumers are saying yes to new credit lines as lenders slightly loosen loan standards they cinched tight in the wake of the recession. But the market is unlikely to see a return to runaway credit card debt.

SHARON, Mass. – Sharon CU has installed mobile banking from Intuit Financial Services.

OKLAHOMA CITY, Okla. – FAA CU is an early adopter of the newly released CUBUS Online Banking platform and has started testing the product internally.

RBS Citizens Financial Group is adding person-to-person payments for its online-banking users and expedited automated clearinghouse funds transfers for its mobile-banking users.

ALCOA, Tenn. – Alcoa Tenn FCU has launched PSCU’s Mobile Bill Pay, a new service which allows existing PayLynx Bill Pay users to make one-time payments, manage pending payments and view payment history using their mobile devices.

Jumio Inc. has released a software-development kit to allow programmers to use its payment card-scanning technology in mobile applications.

Total System Services Inc. wants to put itself in a position to take advantage of growth in mobile payments and banking.

Merchants can find out if their mobile card readers have approved security features by checking a new fact sheet from the Payment Card Industry Security Standards Council.

A regional credit union in Florida burned a few years ago by high counterfeit card losses says it has cut its actual losses to one-third what they were before deploying a fraud-prevention service earlier this year.

Defendants in a debt collection operation that allegedly sought payment for bogus magazine subscription debts have settled with the Federal Trade Commission.

ORLANDO–Banks want to strike gold again in payments, but they are still struggling to figure out which river to pan.