LAS VEGAS-A credit union pioneering a no bricks-and-mortar, online-only strategy believes other CUs will need to look to the same model.

Bling Nation Ltd. has begun issuing its mobile payment stickers to employees of PayPal Inc. at PayPal's headquarters in San Jose.

U.S. consumer credit charge-off rates continued declining in June, continuing a trend underscoring the improving health of card issuers’ portfolios.

The virtual gift card provider Giftango Corp. said eight incentive and loyalty companies have signed with it to date.

Mobile banking through mobile devices such as cellular phones, smart phones and personal digital assistants has more than doubled globally since 2008 with consumers in the Asia-Pacific region, Central and Eastern Europe and the United States at the forefront, new research from KPMG International suggests.

IPay POS Credit Card Terminal, the new version of the mobile-payment acceptance application called ProcessAway, now works with multiple gateways and comes with a card reader to accommodate card-present transactions, according to Randy Palermo, who developed the application that works on Apple Inc.’s iPhone.

Taiwan’s Taipei Fubon Commercial Bank Ltd. and department store Uni-Hankyu this week announced a chip-based cobranded MasterCard credit card that also functions as a transit card, the bank said.

American Express Co. is looking at potential acquisitions that would strengthen its competitive position in alternative payments as credit conditions continue to improve and competition heats up for high-end consumers.

WINSTON-SALEM, N.C. – Members CU has contracted with tw telecom to provide it with a suite of managed IP VPN, voice, data and Internet services in 20 state-wide locations.

Citing positive customer reviews regarding its mobile-payments service, Starbucks Corp. plans to expand the scheme later this year, CEO Howard Schultz revealed July 21 during an earnings conference call with analysts.

Home Trust Co., a Canadian issuer of Visa-branded credit cards and one of Canada’s leading trust companies, has chosen Gemalto to manage its conversion from magnetic-stripe to EMV chip-and-PIN cards, the France-based chip card maker announced July 27. Terms were not disclosed.

Bharat Sanchar Nigam Ltd. has signed a partnership agreement with Mumbai-based Union Bank of India to launch a bill-payment and mobile top-up service in India, a spokesperson for the Delhi-based telecommunication operator tells PaymentsSource.

The U.S. banking industry’s reliance on mag-stripe credit and debit cards threatens to turn the country into a magnet for more card-based fraud, said a payments executive with the Federal Reserve Bank of Atlanta in a blog posting last week.

Citigroup Inc. has told its U.S. mobile banking customers they should upgrade to a new application for Apple Inc.'s iPhone after the bank's original version was found to have a security flaw, reports Dow Jones.

Chase Paymentech Solutions LLC will offer a New York startup's mobile coupon technology to its merchant customers under an agreement the companies finalized last week.

WARRENVILLE, Ill. – Members United Corporate FCU said yesterday it is shifting to a new global payments service from Travelex.

Despite rising concern in some sectors about a second economic downturn taking hold this year, it is unlikely that a so-called “double-dip recession” would cause credit card charge-off rates to spike again, Moody’s Investors Service notes in a July 26 report.

EMV payments are continuing to grow in a variety of venues in Europe, the latest rollout being a deal to supply 1,600 Hypercom Optimum M4100 EMV mobile payment terminals to taxi cabs in Stockholm.

Citizens in the state of Maharashtra in India now may pay their electricity bills online, according to an official from the state’s electricity board.

Convoke Systems, an information management software company serving the collection industry, secured a $5.5 million Series B round of financing led by Flybridge Capital Partners and QED Investors.