U.S. consumer borrowing rose in September by the largest amount in two years, thanks to a surge in non-revolving credit such as college loans and auto financing.

Kinecta Federal Credit Union has begun issuing contactless credit cards supported by MasterCard Worldwide’s PayPass service to new and existing members, the financial institution announced Nov. 9.

Culver Franchising System Inc. has become the third retailer to support First Data Corp.’s Facebook e-Gift Application, which enables consumers to provide recipients with a code to use to redeem funds provided as a gift at 426 locations, the fast-food restaurant chain announced Nov. 8.

Fundtech Ltd. has begun offering clients of its PayPlus USA service access to American Express Co.’s FX International Payments services, the global banking-transaction services provider announced Nov. 9.

U.S. households sent at least $11.7 billion abroad through remittances during a 12-month period between 2007 and 2008, and typical amounts sent ranged between $500 and $1,000, the U.S. Census Bureau said in a report released Nov. 8.

With mobile access now widely accepted as a consumer channel, more banks are turning their attention to businesses.

HUNTSVILLE, Ala. – Redstone FCU has rolled out their new “Mobile Banking” service, an SMS Text messaging service that will allow members to do things like check their balance and get previous transaction amounts.

AUSTIN, Texas – Amplify FCU has implemented CO-OP Financial Call Center’s Outbound Call Services, which provides sales, marketing and other member outreach..

The U.S. Supreme Court on Nov. 9 will hear oral arguments in a case that may determine whether card issuers may handle customer disputes through arbitration or potentially more costly class-action lawsuits, industry experts say.

Many payments-industry executives are considering taking new jobs for the opportunity to gain professional growth, according to new survey results from TopGrading Solutions Inc.

After years of efforts by banks to get their commercial clients to ditch paper checks, electronic payments have finally begun to wrest a significant share of the business-to-business market.

SAN FRANCISCO-A new Javelin Strategy & Research report finds that traditional authentication methods used for online banking do not work for mobile banking and new approaches are needed that exploit mobile phone security features.

A new study from Javelin Strategy & Research has found that the banking industry can save nearly $8 billion dollars by converting non-online customers to online banking and bill pay and by convincing current online-banking customers to get the answers to half their customer-service questions online.

Online Resources Corp. is continuing the development of its new strategic plan, which it intends to detail next month.

Google Inc. said its holiday promotion tool can increase merchants' online sales by 209%.

LAKE MARY, Fla. – The computer desktops at CFE FCU last twice as long as those at other credit unions and they're most likely more secure, because the desktops are virtual–CFE is the first credit union in the country to deploy the pint-sized machines by Pano Logic at 300 workstations across the $1.2 billion credit union.

Oxigen Services Pvt. Ltd. has signed a service agreement with Luup International Ltd. to launch mobile-payment services in India, Luup International announced Oct. 29.

U.S. Bancorp has signed on as the largest bank to use an alternative payments system that lets consumers pay for online transactions through their institutions' websites.

Apple Inc.'s iPhone payments system is coming closer to reality.

The average charge-off rate on U.S. consumer credit cards in September fell to an 18-month low after a hiccup in August caused a one-month rate increase, Fitch Ratings reported Nov. 2.