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.

FITCHBURG, Mass. – Workers’ CU has added Harland Financial Solutions’ uTransfer for account-to-account fund transfers and renewed its existing agreement for uOpen.

CorFire is working to show it is ready to make a name for itself in mobile payments.

Consumers filed an estimated 524 consumer statute lawsuits in the first half of July, down from 567 in the second half of June.

KINGSTON, N.Y. – Mid-Hudson Valley FCU, one of the first deployers of the 24x7 video teller, is the first credit union or bank to offer the technology at the drive-thru lane.

In what it is calling a return to decades-old marketing tactics combined with new technology, credit-score giant FICO this week introduced a product designed to target credit card customer prospects more effectively in a sluggish market.

Chris Olson doesn't count himself among EMV's detractors or evangelists. "It's a lot like Beta or VHS, you don't really know how it's going to turn out," says Fremont Bank's COO on the question of whether EMV cards (debit or credit cards embedded with a computer chip that meets the standard named for creators Europay, MasterCard and Visa), magnetic stripe cards or some other kind of point-of-sale plastic will dominate the U.S. card market in the future.

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

SANTA ROSA, Calif. – Redwood CU announced this morning it will deploy 30 NCR SelfServ ATMs, 29 of which feature NCR’s Scalable Deposit Module, a new technology that allows consumers to deposit both cash and checks simultaneously in any orientation through a single slot.

JACKSONVILLE, Fla. – 121 Financial CU rolled out person-to-person payments with Fiserv’s ZashPay.

Verity Credit Union, the latest customer of mFoundry's mBanking solution, has come out with the news that 6% of its customers began using mobile banking within three months of the credit union offering the service.