GLENDALE, Ariz. – Three Arizona credit unions are partnering with Visa and Better ATM Services on new technology that is allowing the credit unions to dispense Visa Gift cards in addition to cash at their ATMs.

Given all the time and money banks have been putting into nascent mobile payment systems, the last thing they need is a new competitor parachuting into the mix, and in a more advantageous position.

The sluggish market for credit card portfolios may pick up this year, if card losses continue to abate and potential buyers stay on the path of rebuilding capital.

Acquirers should mention security to merchants more often. A lot more often–every time they make a sales call, field a complaint, explain a regulation, solve a technical problem, send an email message, mail a monthly statement or launch a direct-mail campaign.

The number of companies caught in data breaches exposing consumers’ credit, debit and bank account numbers is growing, but the best way to make amends to customers is not yet clear.

PayPal Inc. is testing its point-of-sale software in five Home Depot stores in the latest part of the online payments company's campaign to cut out traditional networks Visa Inc. and MasterCard Worldwide.

Upromise, a Sallie Mae-owned rewards program, agreed to settle Federal Trade Commission charges that it collected consumers' personal information without adequately disclosing the extent of the information it collected, the FTC announced.

EL MONTE, Calif. – SCE FCU is rolling out a mobile banking offering to its members that includes downloadable apps for the iPhone, Android and a universal Mobile Browser App.

There might not be a better time to enter the mobile-payments arena than now.

VeriFone Systems Inc. is working on an add-on to Apple Inc.'s iPad tablet that slips on to the device and transforms it into a payment terminal that can scan barcodes.

Fiserv Inc.’s CheckFree and CashEdge subsidiaries have filed a patent infringement suit against Fidelity National Information Services alleging FIS’s Metavante unit is infringing on Fiserv’s patents for electronic bill payment and presentment and person-to-person payments, which are being used by thousands of credit unions and banks, the technology company announced Jan. 5.

A payment processor and two of its principals are banned from using a new payment method to process electronic payments under a settlement with the Federal Trade Commission. The settlement resolves charges that they debited consumers' bank accounts without their consent.

Consumers have long memories when it comes to a loss of trust in a bank or card company from a data breach. The damage from a spate of high-profile consumer data breaches over the past year appeared to bruise trust in several major brands, including that of Citigroup Inc.

Two polls suggest consumers might be planning to lean more on credit cards again after overindulging in card use before the recession. And though the economy remains relatively sluggish, fewer Americans seem worried about their personal debt.

Social media compliance is a subject that elicits a range of reactions from planners, from groans to cautious, curious questions. But Leia Farmer, the deputy chief compliance officer at Securities America, is excited about it.

Prepaid debit cards that come with celebrity endorsements over the years have showed little staying power while whipping up storm clouds of controversy.

While the pace of foreclosures eased in 2011, a recent spike in default filings could indicate an uptick is coming in 2012, according to RealtyTrac, an online marketplace of foreclosure filings.

Consumer loan delinquencies fell in the third quarter ended Sept. 30 for the first time in 2011 thanks to improving job and housing markets, the American Bankers Association said.

Yahoo Inc. stands out as the only major Internet brand without a payment service. That may change now that the company has hired Scott Thompson from PayPal Inc. to be its new CEO.

Small businesses in the United Kingdom have few options when it comes to accepting EMV chip-and-PIN cards on smartphones.