New U.S. consumer credit data from CreditForecast.com, a product of Equifax and Moody's Analytics, projects a rebounding consumer environment along with recovering home and auto markets in 2012.

Debt from student loans in the U.S. increased to $867 billion in the quarter ending Dec. 31, up from $865 billion in the previous quarter, according to the Federal Reserve Bank of New York.

LAS VEGAS—Near Field Communication technology may be slipping in its perception as the presumed dominant technology emerging mobile payments efforts ultimately will harness.

Some tweaks to its travel-related fraud-protection strategies helped an Iowa credit union last year to reduce its credit card charge-offs by 16%.

The fight against fraud is an ongoing one for most banks, particularly as fraudsters figure out increasingly cunning ways to defang the security walls that bankers build.

CUNA Mutual Group sees great opportunities for credit unions in the mobile banking channel, but there are significant obstacles to overcome.

Malaysia is proceeding with a government-backed initiative that would let citizens pay for government services using their mobile phones and tablets.

ALEXANDRIA, Va. – NCUA said it is offering a free mobile application that will allow consumers to find the nearest credit union branch.

Breaking from the ranks of other banks in India, ICICI Bank Ltd. says it plans to charge customers transferring funds between their own as well as others’ bank accounts using their mobile phones.

The ways riders can pay–and play–inside New York taxicabs are expanding.

Maybe it’s the Ides of March for the mobile-payments industry.

Younger consumers have the keenest interest in banks’ mobile-payments services, but most adults overall still have cold feet when it comes to paying with their phones.

Wal-Mart and Target are among a group of about two dozen retailers that have banded together to develop a mobile wallet, the Wall Street Journal reports (see story).

For small merchants who want to accept mobile transactions, Apple Inc. makes the go-to machines, the iPad and the iPhone.

A deal involving online payments company Vindicia Inc. and mobile phone payments-platform company Boku Inc. may help bring online payment capabilities to more unbanked and underbanked consumers.

PayPal Inc. isn’t saying much yet about its new payment exchange, but it is hoping participating telecommunication companies lower their carrier-billing fees so more online merchants can benefit.

The recent explosion of new mobile-payment initiatives, from new startups backed by heavy venture capital to formidable players such as PayPal Inc. is enough to give the average banker heartburn.

When a business contact at JPMorgan Chase & Co. encouraged GoPago Inc. CEO Leo Rocco last summer to share the vision of his small mobile-payment technology company with bank executives, Rocco jumped at the chance.

Fiserv is combining its two person-to-person payment offerings, Popmoney and ZashPay, and will market the P2P offering as Popmoney, the technology company announced Feb. 29.

HOUSTON – Cardtronics, the key electronic funds switch for credit unions, said this morning it is deploying a series of NCR’s new SelfServ 14 ATM, billed as the world’s smallest cash machine.