An operation that marketed prepaid calling cards to immigrants will pay $2.32 million as part of a settlement to resolve charges that they made false claims to consumers about the number of minutes of talk time the calling cards would deliver.

NEW IBERIA, La. – Lafayette Schools’ FCU yesterday said it will offer its members mobile banking services, including a mobile browser and downloadable shortcuts for both the iPhone and the Android, through a partnership with Card Services For CUs and MShift.

“Feeding coins in the parking meter” may become a phrase associated with days of payments past, especially if PayByPhone Inc. continues to develop a mobile-payment method for consumers using parking spaces.

The Federal Trade Commission has stopped an operation targeting payday loan seekers that charged for worthless programs without consumers' consent.

Tabbedout’s new CEO wants to grow the company’s dining mobile-payment application by signing up more point-of-sale vendors and in turn more partner merchants.

ST. PAUL, Minn. – Postal CU rolled out its new online banking and bill pay service, designed to increase functionality and add much-asked for features such as Notify Me alerts, a simplified yet secure login process, automatic passcode reset, person-to-person, secure messaging and bill presentment.

MasterCard Worldwide didn’t come right out and say it, but the card brand is encouraging U.S. issuers and merchants to embrace chip-and-PIN technology as part of a migration to the EMV smart card security standard in the next three years.

WASHINGTON–The Federal Deposit Insurance Corp. alerted its banks Jan. 31 of heightened risks from working with payment processors.

The video-game industry is amping up its defenses after hackers penetrated numerous payments systems last year.

Identity security and mobile payments are driving merger-and-acquisition activity in the payments industry as large companies strive to keep up with each other and the latest technology.

As preparations unfold for the U.S. payment system to convert to smart cards, merchants across the country would prefer to see a clearer process established to reach that goal.

The high costs and reputational damage caused when breaches expose sensitive customer information appear to be having little effect in persuading many companies to protect their data.

Women worry more than men do about hackers stealing their credit card numbers and banking information from smartphones, new survey data from NQ Mobile and the nonprofit National Cyber Security Alliance suggest.

A new partnership in the gaming-payments sector is another sign of the rise of alternative payments in general and gaming payments in particular.

Even with small gains in three out of four components, the Deloitte Consumer Spending Index fell slightly in December because of a decline in housing prices.

FERNDALE, Mich.-Credit Union ONE here has begun offering financial advice to members via its Facebook page.

To skeptics, fraud dangers lurk around every corner in the online shopping world.

A consumer using a PIN-debit card generally can count on a relatively high level of security and low level of technical problems associated with processing the transaction. Those have been the strong links in PIN-debit networks’ chains for years.

Australia’s hotel industry association is warning consumers of a new credit card scam targeting major hotel chains operating in the country.

One of the biggest champions of mobile payments so far comes from an unlikely sector–the coffee industry.