American Profit Recovery, a collection agency with offices in Massachusetts, Michigan and North Carolina, has earned Banker & Tradesman’s First Place Gold Award in the Banking Section/Asset Recovery category for the fourth consecutive year.

INDIANAPOLIS – Many of the bank customers responsible for the biggest overdrafts aren’t broke, they just happen to be big spenders.

OAK PARK, Ill. – A new study of mobile banking applications from major banks gave 25% a “fail” rating following a security audit.

Instead of dipping its toe into the mobile-payments pool, Heartland Payment Systems Inc. intends to make a splash with a retail application that can enable a merchant’s employees to complete sales transactions anywhere in or out of the store.

The U.S. government’s debt-negotiation struggles and the resulting stock market chaos following Standard & Poor’s Aug. 5 downgrade of the country’s sovereign debt likely will cause a “hiccup” in consumer credit card spending just as it was beginning to recover, a First Data Corp. executive tells PaymentsSource.

Visa Inc. has introduced a series of incentives to spur the U.S. to adopt chip cards–a change once considered as likely as the country switching to the metric system.

Visa Inc. plans to accelerate the U.S. migration to EMV contact and contactless chip technology, the card brand announced Aug. 9.

TransUnion Corp. on Monday reported revenue of $257.5 million for the second quarter ended June 30, an increase of 8.5% compared to the year-ago period. Of the increase, 1.4% was a result of the impact of strengthening foreign currencies.

Mobile-banking applications fared better than retail, productivity and social-networking apps, but banks still have work to do to protect customer data on mobile devices, a security audit released Aug. 8 suggests.

Bank stocks outpaced losses in the broader market Monday, following a familiar pattern. The volatility is likely to continue as the industry tries to earn its way past doubts about capital strength.

To address the escalating competition for commercial card customers, Citigroup Inc. has enhanced the features of its one-time-use “virtual” cards and has pushed the product into two new international markets.

WESTbahn Management GmbH has selected VeriFone Systems Inc.’s PAYware Mobile Enterprise and managed-services products for use with its mobile-ticketing validation and payment operations when the company’s rail service begins in December, the payment terminal-maker announced Aug. 8.

GLASGOW, Scotland-Few people have ascended into the CEO's job at the World Council of Credit Unions knowing as much about the international CU movement as Brian Branch.

Bangladesh is opening the door to accommodate more international electronic funds transfers and payments under a central bank move to allow the payment of fees for studies abroad using credit cards issued in the country.

Consumer bankcard and private-label credit card account defaults declined again in May, reaching lows not seen in more than two years as the economy continues to stabilize, according to new data from Fitch Inc.

The recession continues to have a firm grip on U.S. credit cardholders as fewer Baby Boomers own premium cards and consumers of all ages are more likely to carry decreased balances or no balances at all, a new survey report indicates.

Square Inc.’s mobile card reader is under fire again for its security.

Since 13-fold growth in business activity inside of a year is almost never wrong, Bank of New Zealand developed an Android app after Android visits to its mobile web browser spiked explosively in recent months.

FICO, provider of the ubiquitous credit scores, said this week fiscal third quarter net increased almost 30% to $23.2 million, despite a 3% drop in revenues.

Delinquencies on commercial mortgages bundled and sold as bonds jumped 51 basis points in July, the largest increase in more than 12 months, according to New York-based real estate data provider Trepp LLC.