Following recommendations from India’s central bank urging the country’s financial institutions to issue chip cards, ICICI Bank Ltd. has begun to issue its first EMV-compliant credit card, the issuer announced Sept. 5.

In a move that Dwolla Corp. executives consider “a validation in the marketplace,” the Des Moines, Iowa-based mobile-payments startup plans to integrate its mobile-pay account with a credit union online-banking format.

American Express Co., which lately has been rolling out prepaid and digital-payment options to expand its audience, has added yet another product: an electronic gift card.

Mortgage giants Bank of America, J.P. Morgan Chase, Wells Fargo & Co., Citigroup Inc. and Ally Financial Inc. are balking at an offer by state officials to ease their blame for alleged wrongful mortgage practices in return for a multibillion-dollar payment.

Steve Geringer is offering a second time at bat for mobile payment technology that struck out: sound innovation that didn't match business realities.

The Better Business Bureau in Ohio is warning consumers about phony threatening collection calls being made to residents.

MADISON, Wis.-CUNA Mutual Group last week announced the availability of a new online retirement guidance platform that it said takes the guess work out of managing individuals' retirement goals.

PHOENIX-A new Web site is offering resources on risk management, fraud and input from law enforcement agencies.

RALEIGH-State Employees' CU here is aiming to save $1.5 million per year in long distance costs by the time it finishes rolling out its new Voice over Internet Protocol (VoIP) phone system.

A directive earlier this month from Visa Inc. designed to motivate merchants to support the EMV chip card standard for U.S. cards and payment terminals may spark a cottage industry in EMV training seminars and consulting.

United Kingdom consumers are becoming more comfortable using contactless payments as banks such as Barclays PLC push the technology. But users of contactless payment want to see more retailer acceptance of the technology, new survey data suggest.

The Federal Trade Commission on Thursday told the House Committee on Ways and Means Committee Subcommittee on Social Security that, “Protecting consumers – especially vulnerable consumers such as children – against identity theft and its consequences is a critical component of the Commission’s consumer protection mission.”

One of the unintended consequences of working in the Information Age is the sheer volume of data and varieties of information that threaten at any moment to leave us submerged.

Growing use of its mobile payment services for banks increased Monitise PLC revenue for fiscal 2011, but the expense of developing new markets in Europe and Nigeria resulted in a pretax loss, the mobile-payments company said Sept. 1.

More than half of U.S. consumers use at least two credit or debit cards each month for online purchases, and many are wary of the potential for fraud associated with online banking, a study security-software vendor AVG Technologies USA Inc. released Sept. 1 suggests.

Some of the largest mortgage servicers are still fabricating documents that should have been signed years ago and submitting them as evidence to foreclose on homeowners.

The Federal Trade Commission is mailing more than 110,000 refund checks to consumers defrauded by an online operation that tricked payday loan applicants into paying for an unrelated debit card.

DUBUQUE, Iowa – Dupaco CU is using location-based social media application FourSquare to reward members who visit its branches with prizes ranging from koozies (rubber drink covers) to $50 gas cards to the chance to be featured on billboards.

Adaptive Payments is entering an already crowded mobile-payment acceptance market with a device that enables merchants to accept PIN-debit transactions on smartphones using a method similar to the company’s e-commerce operation.

Germany’s largest rail system soon will finish a three-year mobile-payments test at its stations and officially offer all passengers the ability to pay for tickets using mobile phones.