The Single Euro Payments Area, an initiative the European banking industry launched in 2002 to link European Union and other euro-based countries’ separate national payment systems into a standardized system, remains a work in progress. And not everyone believes the European Payments Council, which is responsible for the initiative that has seen several delays already, can complete the task by December 2012, as the European Commission has proposed.

Visa Inc. has launched the first Visa-branded, multifunction prepaid card in Singapore that enables users to pay for trips on Singapore’s public transportation system and for purchases at merchants that accept Visa cards for payment, the card company announced April 22.

Visa Inc.'s planned purchase of CyberSource Corp. shows that the payments company is serious about mobile commerce — and the potential risks of this emerging channel.

The United States Supreme Court announced a decision Wednesday in a case that limits the scope of a defense provided to debt collectors who violate the Fair Debt Collection Practices Act (FDCPA) so as to exempt a legal error made in good faith, see story.

PORTLAND, Ore. – Unitus Community CU said it has signed with Geezeo to implement the company’s personal financial management web community platform.

Companies offering smartphone-enabled point-of-sale hardware and software applications are unlikely to capture business from providers of traditional wireless-payment terminals. The more likely outcome is that the two types of wireless devices will compliment each other, with the smartphone-enabled card acceptance attracting small mobile merchants that have avoided purchasing wireless terminals because of the cost, observers say.

Citing the continued effects of the economic downturn, Wells Fargo & Co. today reported a higher credit card charge-off rate on a slightly smaller pool of credit card receivables for the first quarter ended March 31 compared with the same period last year.

SAN FRANCISCO – Visa Inc. announced an agreement yesterday to acquire CyberSource, a provider of electronic payment, risk management and payment security solutions to online merchants, at a price of $26 a share, or about $2 billion in cash.

SANTA CLARA, Calif. – Silver Peak Systems said five more credit unions have signed for its data center class Wide Area Network optimization NX appliances platform.

Visa Inc.’s planned $2 billion cash purchase of CyberSource Corp., a payment-services and fraud-management provider, suggests the card company is serious about mobile payments–and the risks that the mobile channel may attract.

Experian, a global information services company, today announced that the national average commercial risk score is up 2.4% and overall delinquencies have declined since the beginning of the year.

MONTPELIER, Vt. – Vermont State Employees CU has signed with uMonitor to implement the company’s uOpen & uFund and uTransfer solutions.

Two multi-billion-dollar credit unions have expanded their remote deposit capture (RDC) services for members by launching the DeposZip Mobile program, including a suite of downloadable software applications for smartphones, from Vertifi Software, a subsidiary of Eastern Corporate Federal Credit Union.

Certegy Check Services reached an agreement with the Florida Attorney General's office this week to pay an estimated $1 million to settle charges related to a high-profile security breach in 2007.

Greater New Orleans FCU has launched a mobile banking and account alert service.

Interest in Roam Data Inc.’s mobile-payment service appears to be high among independent sales organizations. Most of Roam Data’s 35 resellers are ISOs, says Will Graylin, founder and CEO of Boston-based Roam Data.

BARTLESVILLE, Okla.-The computer network at 66 FCU here was sluggish at best; in the early morning business hours, tellers began to struggle with routine tasks such as retrieving e-mail or pulling up member accounts.

SAN DIEGO-After five years of development, a new core system created by the man behind two other major CU processing systems is about to take wing.

AUSTIN, Texas-Amplify FCU here tossed out a forsaken, high-maintenance sales system in January for a solution that takes the bull by the horns.

AUSTIN, Texas-The Econiq frontline sales solution may boost sales at Amplify FCU, but the icing on the cake is Econiq's suggestions about staffing levels, said Pierre Cardenas, SVP-retail.