Some credit card issuers may be tempted to loosen underwriting standards this holiday season as credit card loss rates hover at record low levels. But such policy shifts could have more far-reaching implications on issuers’ bottom lines than just a few years ago, one analyst warns.

Near the end of the Federal Reserve Bank of Chicago’s one-day payments symposium Sept. 26, Wal-Mart Stores Inc.’s Jamie Henry posed a question that had yet to be answered during the previous eight hours.

The forum on Asia-Pacific Economic Cooperation (APEC) has approved an initiative to help ensure cross-border data privacy protection among its members.

OAK RIDGE, Tenn. – Enrichment FCU has launched a new mobile solution from Member Service Solutions, LLC. called CU Mobile Apps.

WOODS CROSS, Utah. – Chevron West CU has upgraded its core processing system to Open Solutions’ CUnify core banking platform.

Some credit card issuers may be tempted to loosen underwriting standards this holiday season as credit card loss rates hover at record low levels. But such policy shifts could have more far-reaching implications on issuers’ bottom lines than just a few years ago, one analyst warns.

The Reserve Bank of India has authorized the transferring of funds from ATMs to mobile phones as part of an expansion of the country’s Interbank Mobile Payment Service, India’s central bank announced Nov. 9.

VeriFone Systems Inc. took another step Nov. 14 in its quest to break free of the constraints of the aging plastic card.

With questions about mobile-wallet use at the point of sale centering on technology, security, payment accounts and software applications, banks should focus on pushing Near Field Communication development to ensure they play a vital role in the future of mobile payments, a new study suggests.

For banks that struggle with the security and cost-effectiveness of their online-banking offerings to small businesses, a cloud-based service launched Nov. 10 offers a partial answer.

The U.S. is increasingly moving toward the EMV chip card standard as a panacea for credit card fraud, but it actually may be a Pandora's box.

ATLANTA-A new series of studies from First Data report that there is a gap between consumers' awareness and usage of mobile banking, and its authors say that bridging that gap could be key to growing Gen Y member share at credit unions.

Alternative-payments providers such as PayPal Inc., ProPay Inc., Square Inc. and SparkBase Inc. may be better-positioned than traditional payment card networks to cause the marketplace disruption needed to make mobile payments more mainstream, an Aite Group analyst suggests in a new report.

PayPal Inc. plans to provide a mobile payments system that would enable Chinese game developers on the Android mobile platform to tap new international markets including North America and Europe, the company recently announced.

Valve Corp., the company that provides the popular PC game platform Steam, disclosed Nov. 9 that it suffered a data breach this month.

While the collection and credit industries firmly support the “Mobile Informational Call Act of 2011," that, if passed, would allow collection calls to be placed to consumers' cell phones, most legislators are in the opposite corner.

In 2009 through last year, credit cards had been first on consumers’ list when deciding which bills to pay first, over mortgage and other debts. This year, however, their priority has shifted to paying mortgages and utilities first, new study data show.

CEDAR FALLS, Iowa – UNI CU has contracted with Dwolla to implement the company’s integration product, FiSync, which offers members an expedited Dwolla sign-up process.

The burgeoning growth of mobile payments could become the tipping point for proposed national legislation that would force merchants to charge state sales taxes for the first time on many goods and services sold through online channels, a national tax expert tells PaymentsSource.

U.S. consumer interest in using mobile phones to make purchases and in receiving incentives and coupons to shop at retailers has doubled since last year, new research suggests.