Borrowing on credit cards is close to bottoming out, according to lenders, but the nation's biggest players have had to cede market share during the sharpest contraction in the industry's history. Now they are increasingly fighting for the same kinds of customers.

WARMINISTER, Penn. – Freedom CU has introduced My Deposit Mobile, a remote deposit capture solution for Apple iPhone’s offered by CO-OP Financial Services.

Brihanmumbai Electricity Supply and Transport Co. soon will enable consumers to pay their electricity bills though their mobiles phones.

CHICAGO—New technology and its associated costs are causing a dilemma in the United States payments space as the industry needs to determine when to adapt without falling too far behind other countries, an executive from the Federal Reserve Bank of Atlanta told attendees here during a panel discussion May 3 at the Smart Card Alliance’s annual conference.

The Federal Trade Commission has settled cases with two companies that failed to use "reasonable and appropriate security measures" to protect personal data on nearly 65,000 employees.

ATLANTA – CRIF, the Italian financial services provider, continued its buying spree of credit union lending software companies with the acquisition of Cypress Software Systems, the company announced this morning.

Sony Corp. is reporting that 12,700 credit and debit card numbers and expiration dates were exposed in a separate database from that affected by the massive PlayStation breach.

The prepaid card provider Plastyc Inc. announced Monday that it was awarded a patent for aspects of online card payments.

A host of new mobile payment applications promise many of the perks of near-field communication technology, without the costly hardware.

GREENWOOD VILLAGE, Colo. – Bellco CU is offering its members EstateLogic to provide them with web-based storage for their estate planning.

Encore Capital Group Inc., a San Diego-based debt buyer, reported net income of $13.7 million in the quarter ended March 31, up 26% from the year-ago period.

Debt buyer Asset Acceptance Capital Corp., based in Warren, Mich., reported a drop in revenue and an uptick in cash collections for the first quarter ended March 31.

MADISON, Wis.-Social media is getting a lot of attention from credit unions, but do tweeting, friending, and posting videos really help credit unions grow?

WASHINGTON — With some major banks now considering chip-card technology, fraud is expected to gravitate to less-secure cards.

Endeca Technologies Inc. said its Endeca Mobile Commerce system is being used by Sallie Mae's Upromise for mobile rewards.

PayPal Inc. has acquired mobile payments startup Fig Card Corp., the company announced on its blog April 28.

OGDEN, Utah – Goldenwest CU said it launched an Android app that will allow its members to conduct many everyday account transactions with their personal mobile device.

The prepaid card marketer Green Dot Corp. is putting more muscle into its expansion beyond retail checkout lanes.

Citibank announced Thursday it is hiring up to 1,400 debt collectors in Indonesia after the country's central bank found irregularities in the bank’s collection practices handled by third-party collectors.

MasterCard Inc. announced April 27 it has appointed Marcie Verdin as its group head for global person-to-person payments.