More than 70 vending locations operated by Washington Vending are using Apriva’s cashless-vending services in the Washington, D.C., area, Apriva says.

Consumer confidence improved slightly in August, reversing directions after declining in both June and July, The Conference Board Inc., a New York-based research organization, reported Tuesday.

Consumer spending rose in July at the strongest pace in four months, supported by a slight gain in incomes that offered hope consumers will be able to keep contributing to a modest economic recovery.

The average credit card borrower debt during the second quarter ended June 30 dropped for the fifth consecutive quarter, to $4,951, down 4.1% from $5,165 the previous quarter, according to a TransUnion analysis of credit card trends. Each quarter TransUnion looks more than 200 variables in consumes credit report; many involve credit card stats like 60,90, 120 days past due, percentage of active credit cards, new trade lines that are new credit card accounts and average balance of new credit cards.

The banking industry's loan losses could stay elevated for years, recent federal data suggests, even after appearing to peak in late 2009.

Zions Bancorp. says the deal to sell its remote capture unit is a strategic move to leave an increasingly competitive business.

EL SEGUNDO, Calif. – Xceed Financial FCU said it has installed Mortgagebot’s Mortgage Marvel, an online tool for mortgage shopping.

Cimbal Inc. is bypassing any future business models centered on Near Field Communication payments with a mobile-phone application that mimics NFC functionality but without the use of an embedded chip in the handset.

Consumer confidence improved slightly in August, reversing directions after declining in both June and July, The Conference Board Inc., a New York-based research organization, reported Aug. 31.

UMassFive College Credit Union has selected ACH Federation to provide the independent not-for-profit cooperative financial institution with back-end automated clearinghouse technology to enable the institution’s members to pay their various loans by phone.

As the industry waits for Near Field Communication technology to reach the market, other mobile-payments technologies are being tested all over the globe. These products work by integrating technology similar to NFC into existing mobile handsets.

PNC Financial Services Group Inc. is betting that its Virtual Wallet account, which has always focused on showing consumers how to be better savers, can also teach them to be better spenders.

Experian, a global information services company, Tuesday announced the results of its monthly Business Benchmark Report. Findings from the July report show that the national average number of days that businesses paid their bills beyond contracted terms increased by 2% in July compared with June.

Small-business owners’ confidence dropped sharply in August amid increasing gloom about the economy, according to new survey data Discover Financial Services released Monday.

AIB Merchant Services Ltd. has launched an initiative that enables consumers to integrate multiple merchant-loyalty cards on one contactless tag.

West Jordan, Utah-based Mountain America Credit Union announced a new application for the Apple iPad that will allow its members who own the popular tablet computers to conduct much of their financial business online.

During the second quarter ended June 30, the ratio of bankcard borrowers 90 days or more delinquent on one or more of their credit cards was 0.92%, down 19 basis points from 1.11% the previous quarter and down 25 basis points from 1.17% in the second quarter of 2009, according to TransUnion.

WEST JORDAN, Utah – Mountain America CU announced a new application for the Apple iPad that will allow its members who own the popular tablet computers to conduct much of their financial business online.

The Chicago Transit Authority appears closer to implementing an open-network electronic fare-collection system that would accept contactless card and mobile payments.

Mobile banking may one day be the channel of choice for members, but OnPoint Community CU here must battle infrastructure issues and perceptions of inadequate security before that happens.