A security breach at the Pentagon's official credit union exposed the personal and financial records of thousands of military members and their families to possible identity theft.

The complete virtual branch is no longer "nice-to-have" in 2011; it's a must. That's according to the eight members of the CUNA Technology Council's Executive Committee, who participated in a "Looking Forward" Roundtable hosted by Credit Union Journal.

MasterCard Worldwide has hired an executive who has been integral in French wireless carrier Orange’s rollout of mobile-payment services, according to an online report by NFC Times.

Verifi Inc., which provides risk-management services for card-not-present merchants, has formed a partnership with Demandware Inc. to provide online merchants with fraud-prevention and risk-management services, Verifi announced Jan. 12.

Much like the story of the emperor's new clothes, mobile payments may be a case where the young see one thing and their elders another.

AUBURN HILLS, Mich. – Genisys CU has implemented FamilyMint’s online budgeting tool for kids.

TAMPA, Fla. – GTE FCU said it has signed with EasCorp FCU’s Vertifi Software LLC CUSO to deploy the company’s DeposZip Mobile remote deposit capture software.

U.S. consumers’ average credit scores slipped one point in the past year, and credit card debt fell by 8% to $7,404 during the same period, according to data released Jan. 12 by Credit Karma.

Pitney Bowes Inc., perhaps best known for manufacturing postage-meter machines, has created a free online bill-payment system designed to help consumers not only to receive, view and pay bills, but also to manage other important financial communications.

Consumers in the United Kingdom are using credit cards less to avoid debt, but issuers still have opportunities to increase card use by better conveying the benefits and value credit cards offer, new research suggests.

The universe of bonds backed by credit card loans shrank by about a fifth last year as an era of off-balance-sheet accounting ended and the industry re-engineered its funding base.

LINDEN, N.J. – Integrated Media Management, maker of the popular TotaleAtlas suite of e-document solutions, announced yesterday an integration between its Universal Document Presentment software and the online account opening solutions provided by Performance Systems International.

CHAMBERSBURG, Penn. – Members 1st FCU said it now offers free mobile banking applications for Android, Blackberry and iPhone devices.

DENVER – ENT FCU said yesterday it signed with EasCorp FCU’s Vertifi Software LLC CUSO to deploy the company’s DeposZip Mobile remote deposit capture software.

Mobile-banking applications are plentiful and easily available, but new research suggests consumer awareness of them is low despite the buzz surrounding the service.

A limited numbers of Bangkok commuters this spring will begin testing the use of a single, contactless smart card to access the city’s two train networks, an official at the Bangkok Mass Transit System Co. Ltd. tells PaymentsSource.

As payments executives debate which approach to mobile payments will win out, Bank of America Corp. is showing greater commitment to a system based on Visa Inc.’s specifications.

In a management shuffle announced Jan. 11, Obopay Inc. promoted its president to chief executive, and its previous CEO assumed the role of executive chairman.

The reluctance of the U.S. payments market to adopt the EMV chip and PIN payments standards has been under a lot of pressure, given the security-threatening isolation this avoidance may bring about. As a result, EMV-type chips are percolating domestically, such as VeriFone and Gemalto’s planned push of services.

Mobile payments startup Square Inc. has raised $27.5 million in venture capital, a spokesperson confirmed Jan. 11.