Reserve releases are an exhaustible resource, but, with chargeoffs falling steeply, they are poised to fuel earnings for some time to come.

JPMorgan Chase & Co. reportedly has abandoned more than a thousand debt-collection lawsuits across the U.S. that sought to recover soured credit-card loans from borrowers, according to Dow Jones.

Although mobile-payments venture Isis has publicly disclosed that it wants to add larger payments networks than its initial partner, Discover Financial Services, Discover says it might now be better positioned in the mobile-payments market.

In a significant development that will extend where both Japanese and Chinese credit cardholders may use their cards abroad, Japan-based card organization JCB has signed a memorandum of understanding with China UnionPay to expand the scope of their merchant-acceptance relationship.

Experian, a credit-reporting firm, announced Thursday the availability of a Market Insight Snapshot report that analyzes strategic defaulters and provides recent findings on the profile of these individuals.

Despite efforts by major card companies to promote the speed and excitement of using mobile phones to pay, it likely will take more than glitzy marketing to convince consumers to use such services, according to a Federal Reserve strategist.

Smartphones with embedded payment chips are scarce, but Isis, the wireless carrier-led mobile payments joint venture, predicts they will be plentiful enough by next year to support its tests in Austin, Texas, and Salt Lake City.

WASHINGTON – The Obama administration's push to create a national standard for when and how banks and other companies must notify customers of a data breach appears to be gaining momentum.

COLUMBUS, Ohio – KEMBA Financial CU has gone live to its members with Jwaala’s Better Online Banking platform, called Better Online Banking, or BOB.

ST. LOUIS – Anheuser-Busch Employees' CU has implemented NCR’s APTRA eMarketing cross-channel marketing software, delivering personalized marketing to members online and in e-mail.

Yahoo Inc.’s issues with Alibaba Group Holding Ltd. over the ownership of the Alipay online payments provider have yet to be resolved, though the companies are making progress, they announced June 22.

This story was updated from an earlier version.

A total of 360,083 North American Citigroup credit card accounts were affected by a recent breach of customer's names, emails, account numbers and transaction histories. This is a breach that could have been avoided by inserting simple access controls.

Ally Bank has begun offering person-to-person payments through CashEdge Inc.’s Popmoney service.

Billtrust has launched a mobile edition of its online billing and payment software, the company announced July 21.

OLYMPIA, Wash. – O Bee CU said it has installed 3VR's video intelligence platform to reduce fraud and help solve crimes.

LOUISVILLE, Ky. – Park Community FCU has chosen VSoft to implement the company’s branch item capture solution to enhance check processing flexibility and accuracy across the 13-branch network.

OLYMPIA, Wash. – Washington State Employees CU said yesterday it signed with Avista Solutions to implement the company’s Avista Agile mortgage loan origination system.

Mobile-payments service provider ChamsMobile Ltd. soon will launch mobile funds-transfer services in Nigeria, enabling citizens there to make payments for retail purchases and receive remittances from overseas connections.

Mobile-payments service provider ChamsMobile Ltd. soon will launch mobile funds-transfer services in Nigeria, enabling citizens there to make payments for retail purchases and receive remittances from overseas connections.