BALTIMORE–Rage against fees on credit cards, not bank accounts, drove more consumers to using prepaid cards as everyday financial tools, contends the chief executive at prepaid card giant Green Dot Corp.

LAKE MARY, Fla. – CFE FCU, the one-time Central Florida Educators credit union, said this morning it signed with Fiserv to implement the company’s Acumen core processing solution

As automated clearinghouse volume increases, securing ACH payments is becoming more difficult, particularly because mobile-payment providers and businesses are increasing their use of ACH payments to achieve speedy processing.

CHARLESTON, S.C. -- Davis + Henderson Corp., the Toronto provider of financial services, has agreed to acquire Avista Solutions, maker of the popular loan origination system used by many credit unions, for $40 million.

Third Point, one of Yahoo Inc.'s largest investors, is pressuring the company to dismiss Chief Executive Scott Thompson after his academic computer science credentials were misrepresented, Bloomberg reports.

As automated clearinghouse volume increases, securing ACH payments is becoming more difficult, particularly because mobile-payment providers and businesses are increasing their use of ACH payments to achieve speedy processing.

Consumer confidence was flat in April, as more people saw their personal finances improving, while the effect of higher gas prices may have contributed to declining attitudes about the overall economy, according to the Discover U.S. Spending Monitor, a poll that tracks economic confidence and spending intentions for nearly 8,200 consumers.

Direct-selling industry payment-services provider Towah Group Ltd. is expanding its global reach and customers’ options through a partnership with cash payment platform provider ZipZap Inc, the companies announced May 2.

Establishing a data center in Amsterdam will allow Iovation Inc. to provide faster fraud protection for its European clients. But it also will put the online security provider in the heart of a growing global fraud menace.

Payments geeks, as many spring payments industry conference attendees describe themselves, are hitting the road this month in droves and bracing for some amusing ironies.

Boku Inc. has added two more telecommunication carriers to its list of carrier-billing partners, Sprint in the U.S. and Deutsche Telekom in Germany. But the company faces an uphill climb expanding its online-merchant base because of the high prices the carriers charge, though their rates have been dropping.

Mozido LLC’s partnership with Mumbai-based Tata Consultancy Services expands the market for Mozido’s digital-wallet platform and gives Tata Consultancy Services another mobile platform to combine with its proprietary products.

SAN DIEGO – Cabrillo CU is using the AT&T Messaging Toolkit for electronic marketing.

BALTIMORE–As banks contemplate extending payments to mobile wallets, they would be wise to keep things simple to encourage more adoption.

Wells Fargo plans to give its underwriters more control in approving mortgages that it retains in its own portfolio, as the bank tries to add high-quality assets to its balance sheet.

There are more signs of an improving credit landscape heading into the second quarter, according to consumer data from Equifax's March National Consumer Credit Trends Report. Home finance remains an exception to the boost.

TUKWILA, Wash. – BECU said this morning it is the first organization to implement Next IT’s Intelligent Access Assistant, an online tool which helps members reconnect to their accounts if they forget their password and login information or are locked out.

Shareholder dissent over pay practices grew a bit in 2012. Outright majorities rejected executive compensation plans in advisory votes at three of the 132 institutions covered in this sortable table, compared with one in 2011. Meanwhile, the percentage garnering less than 75% support grew to 9.8% in 2012 from 9.1% in 2011.

A consulting firm that helps companies reduce their transaction costs is now flipping the model upside down to maximize acquirers’ pricing.

China UnionPay has signed a strategic agreement with UC Mobile to develop browser-based mobile payments for UnionPay cardholders, the card organization announced last week.