The freeze in consumer credit showed another major crack in the first quarter.

Financial Institutions around the country are blocking thousands of debit cards as they struggle to contain the latest nationwide data breach at Michaels Stores.

HOUSTON – Smart Financial CU launched a new mobile banking platform that allows members secure, easy access to account information from a variety of mobile devices and smart phones.

VeriFone Systems Inc. on June 2 reported a 24.8% rise in second quarter net income, to $25.2 million from $20.2 million the same period a year earlier. Net revenue rose 21.5%, to $292.4 million in the quarter ended April 30 from $$240.7 million.

Merchants that want to accept payments from Google Inc.’s mobile wallet must go through a few more steps than simply enabling customers to “tap and pay.”

IRMO, S.C. – Palmetto Cooperative Services announced this morning it plans to consolidate its item processing operations with Cooperative Services, Inc., to create a processor serving more than 600 credit unions and banks in 20 states that will be known as PCSi.

Credit card issuers and other lenders’ attention to alternative credit-scoring data–information not provided by the three major bureaus–has intensified after the financial crisis spotlighted what some have called an over-reliance on traditional credit scores. A few are finally going the extra step and openly using this data.

Legislation aimed at stopping the government from asking disaster victims to pay back millions of dollars in improper aid payments has received committee approval and been sent to the Senate.

Credit card issuers and other lenders’ attention to alternative credit-scoring data–information not provided by the three major bureaus–has intensified after the financial crisis spotlighted what some have called an over-reliance on traditional credit scores. A few are finally going the extra step and openly using this data.

Star One Credit Union chose Tyfone Inc. for mobile banking services partly because of the vendor’s Near Field Communication-based contactless payment capabilities, the $5.6 billion credit union said May 31.

VISTA, Calif. – Bluepoint Solutions and Panini said yesterday they are partnering to provide credit unions with an all-inclusive teller capture solution, including software, hardware, and support for a cost effective and consolidated price.

RICHMOND, Va. – Call FCU will implement Geezeo’s personal financial management social networking and web-based marketing platforms.

TEXARKANA, Texas – Red River CU has implemented Integrated Media Management’s TotaliSign solution, which allows members to sign documents electronically using an Apple iPad.

More U.S. issuers are committing to issuing EMV cards, commonly called chip-and-PIN for their primary security feature — but if you listen closely, you can hear the PIN drop.

American Express Co.’s top executive on June 1 poked proverbial holes in Google Inc.’s new mobile wallet, arguing in favor of a competing payments system his company is testing.

Silicon Valley Bank has joined the small number of U.S. banks that offer U.S. residents EMV chip cards, more commonly issued overseas.

Mobile-banking customers are three times more likely to use mobile payments than are consumers generally, new research shows.

Mobile-banking customers are three times more likely to use mobile payments than are consumers generally, new research shows.

Online gaming company Nvinium Games Inc. is installing a payments service enabling parents to set limits on how much their children can spend on specific e-commerce websites.

PayPal Inc. on May 26 said it has been selected as a payout option for third-party developers redeeming Facebook credits, Facebook Inc.’s online currency.