Consumer borrowing rose in October by the largest amount in more than two years, a jump led by a recently enacted law that makes the government the primary lender to students, the Federal Reserve reported earlier this month.

Banks have gotten over the fear that offering online account transfers will put them at risk for deposit flight.

Banks may soon do the work of their vendors as they are handed the tools to design software for core banking functions — just as new services demand that systems be developed with greater speed.

ROCKY HILL, Conn. – Nutmeg State FCU said yesterday it signed with EasCorp FCU’s Vertifi CUSO for item processing services, including share draft processing and image cash letter collection.

ST. JOSEPH, Mich. – United FCU has signed with Fidelity National Information Systems to implement the company’s MISER core processing solution.

BLOOMFIELD, Colo. – Community Financial CU has become the first credit union to implement CO-OP Financial Services’ Pass-Through Credit solution.

Among the companies supporting alternative payment services, PayPal Inc., a division of eBay Inc., remains the dominating force and continues to grow, new research from New York-based management-consulting firm Auriemma Consulting Group shows.

Cardlytics Inc. and ClairMail Inc. have announced a partnership to enable financial institutions to deliver coupons and other merchant offers to customers’ mobile phones, Atlanta-based Cardlytics reported on Dec. 7.

Wincor Nixdorf and HID Global, a provider of secure identity systems, have introduced an ATM system with a contactless smart card reader, allowing a single piece of equipment to process ATM and automatic fare collection transactions.

CashEdge Inc., known almost exclusively as an electronic payment provider, is venturing into new and potentially lucrative territory with plastic gift cards.

A look at the predicaments and predictions that made technology headlines 10 years ago, and how it actually panned out.

Look for credit unions to supercharge their mobile and online channels next year — and launch alternative payment systems that spark interchange income.

VACAVILLE, Calif.-Compliance tasks soon will be so convenient and so complete at Travis CU here that other credit unions will look to the CU's Web-based program as a model, according to Richard Roark, SVP and CIO at the $1.6-billion CU.

WEST JORDAN, Utah-Mobile deposits are "cool," but more importantly, they whet member appetite for mobile payments, according to Tony Rasmussen, SVP-eServices at Mountain America Credit Union (MACU) here, which will launch mobile deposit services for Android and iPhone devices early next year.

FAIRBORN, Ohio-Fresh MCIF data generates great reports, but it should do more-such as inspire marketing strategy, according to Wright-Patt CU here.

ST. PAUL, Minn.-Tired of paying $125,000 in salary for a series of system specialists who would come and go, Affinity Plus FCU here asked its core vendor last year to provide specialists all clients could share.

Until recently, much of the attention surrounding so-called "put-back risk" has focused on the legal aspect, notably whether judges will require lenders to repurchase loans they sold to securitizers.

Tempo Payments Inc. early next year plans to conduct a pilot in which it will support mobile contactless payments tied to “decoupled” debit cards, PaymentsSource has learned.

JPMorgan Chase & Co. is using CashStar Inc.’s digital gifting and incentives platform to enable credit cardholders to use rewards points to buy merchants’ proprietary gift cards through an Apple Inc. iPhone application, the companies announced Dec. 8.

Financial institutions could do more to connect with consumers by focusing greater attention on social networks, new survey data suggest.