Fees this year will surpass interest as the payment card industry’s largest income component for the first time, representing 52.7% of total revenue, according to R.K. Hammer, a Thousand Oaks, Calif.-based consultancy.

Many bank risk-management executives worry that credit card delinquency rates, which have been declining for more than two years, may begin to rise again soon if the economy does not improve, according to new FICO survey data.

Most banks design mobile sites as shrunken versions of online banking. Citigroup Inc.'s new website instead takes the lessons of mobile and blows them up for a bigger screen.

Banks are pushing mobile devices for payments, but an untapped–and more immediate–opportunity may involve using mobile phones to improve security on mainstream payment types, according to one security vendor.

BOULDER, Colo.-Elevations Credit Union is an eco-conscious operation in a community that values green companies, and now it is tapping technology to take a step toward a paperless environment.

ATLANTA – S1 Corp. announced this morning it has accepted a sweetened takeover offer from ACI Worldwide, after spurning ACI’s earlier bid.

Equifax's latest National Credit Trends Report indicates that the credit cycle has turned as new credit growth continues, with higher loan volumes on a 2011 year-to-date basis for multiple lending markets including: Automotive, Bankcard, Consumer Finance and Retail Card.

A wider availability of smartphones combined with more contactless acceptance at merchant locations should generate some $71 billion in Near Field Communication-enabled mobile payments worldwide by 2015, new research suggests.

ANCHORAGE, Alaska – Alaska USA FCU on Thursday said it has released a free mobile access app for iPhone and Android devices.

EMV chip card directives in the U.S. and China also should drive significant global growth in contactless smart card orders, new research suggests.

Banks and technology companies betting on mobile payments have to overcome a very basic hurdle: most Americans still do not have smartphones.

A transit open-loop fare collection pilot in New Jersey that uses a Visa-branded prepaid debit card could help change the traditional notions about how to distribute a general-purpose reloadable product to financially underserved consumers, notes an industry observer.

Borrowing money from a friend for a taxi ride, splitting the restaurant bill among a group of diners or sending funds to a student at college could become an easier and faster task through a new mobile-payment option Visa Europe is launching this week.

Isis announced on Sept. 27 that several companies will launch mobile devices that implement its NFC and technology standards.

LAKE COUNTY, Ill. – Consumers CU has signed with VSoft to implement the company’s merchant remote deposit capture, home/office and mobile RDC, and branch item capture solutions.

CHICAGO–Mobile-payment initiatives could falter if consumers continue to believe the payment option is unsafe to use at the point of sale, one industry insider noted during a conference Sept. 26.

Banks tend to look at competitors in mobile payments with a wary eye, but they would be better off working with one segment of this group–telecommunication network providers, suggests Ernst & Young’s new report “Mobile Money 2011 (see report).

WESTBURY, N.Y. – Nassau Educators FCU has selected Trusteer Rapport to protect its members against cybercrime and meet new FFIEC Guidelines for online banking security.

CHICAGO – Alliant CU has installed DocuSign’s electronic signature solution, which is designed to streamline account opening, loan processing and internal approvals.

The U.S. average credit card charge-off rate declined in August, resuming the general downward trend of the past two years following a slight uptick in July, according to a new Moody’s Investors Service report issued Sept. 23.