ELGIN, Ill.-Corporate America Family CU is one of the first credit unions to offer person-to-person payments through S1 Corp. and its PM Systems subsidiary's new deal with PayPal.

Many indicators from financial institutions, consumers and merchants suggest the United States payments industry is ready to adopt EMV chip-and-PIN technology, a new report suggests.

Ten merchants have signed on to use First Data Corp.’s eGift Social system for sending virtual gift cards online, the Atlanta-based transaction processor announced Dec. 17.

Citibank reported Wednesday that its charge-off rate on credit cards fell to 9.4% of balances from 10.3% in October, the largest drop among the top six U.S. credit card issuers for November.



The promise of personal financial management is to provide account data in a single view — but not all viewers are single.

GRAND RAPIDS, Mich. – Xtend Inc. said it has signed two west coast credit unions to its Xtension Call Center for inbound member support calls.

TOLEDO, Ohio – Directions CU has signed with eDoc Innovations to implement the company’s CheckLogic Lite remote deposit capture program for small business members.

Asta Funding Inc., a publicly owned debt buyer, Tuesday reported net income of $3.1 million for the fiscal year ended Sept. 30, compared to a net loss of $90.7 million during fiscal year 2009. 


JPMorgan Chase & Co. has begun issuing Visa-branded prepaid cards to participants of a New York transit trial for disabled passengers, city transit officials announced Dec. 16.

Discover Financial Services is banking on a mobile future. Executives at the Riverwoods, Ill.-based company said during a Dec. 16 conference call with analysts to discuss its fiscal fourth-quarter earnings that its deal with wireless carriers AT&T Inc., T-Mobile USA Inc. and Verizon Communications Inc. will play heavily in its future.

Maxamum Inc., a company launched to help consumers with thin credit histories establish credit, plans to provide a new business model combining non-traditional bill reporting services with a points-driven rewards model.

FICO announced Wednesday it has been awarded eight new patents by the U.S. Patent and Trademark Office for advances in credit scoring, credit account management, credit fraud management, insurance fraud management and other areas, bringing its portfolio of U.S. patents to more than 100.

Washington Trust Bank in Spokane is offering mobile banking services to its customers through text, mobile Web and dedicated applications using mFoundry Inc.'s software.

Google Inc. is collecting the pieces for a major mobile payments system — but it is a long way from assembling them.

MINNEAPOLIS – FICO announced yesterday it has been awarded eight new patents by the U.S. Patent and Trademark Office for advances in credit scoring, credit account management, credit fraud management, insurance fraud management and other areas, bringing its portfolio of U.S. patents to more than 100.

HOUSTON – JSC FCU is the latest credit union to move its item processing from a third party provider to an in-house environment.

HAGERSTOWN, Md. – Ongoing Operations, a business disaster CUSO, is partnering with Cloudworks, a provider of hosted applications, virtual desktop solutions and hosted exchange, to create a new suite of production grade IT offerings specifically for credit unions.

A mobile-commerce company in Berkeley, Calif., says it has devised a means to enable mobile phones to communicate with chips in attached stickers to support true Near Field Communication payments and two-way communications between NFC chips.

U.S. consumers’ average credit card debt fell by 7.4% through the first 11 months of the year, while the average November credit score dropped a point from October’s score, according to new data Credit Karma released Dec. 15.

An estimated 428 different collection agencies and creditors were sued under consumer statutes between Nov. 16-30, a drop from 497 in the first half of the month, according to data from U.S. District Courts. The tally likely dropped in part because of the Thanksgiving holiday.