Steve Bills

Wells Fargo introduced a mobile phone customer-to-customer payment service Thursday that enables one Wells Fargo customer to transfer money to another.

With weak growth projected for its main business of archiving check images, Viewpointe LLC is expanding into new markets.

JPMorgan Chase & Co. announced its Virtual Remit service Tuesday, targeting lockbox customers that also receive payments at other locations, such as their corporate headquarters.

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A survey published last week by the Independent Community Bankers of America said 52% of community banks increased their budgets for payments projects from 2007 to 2009, while only 11% cut spending.

A survey published this week by the Independent Community Bankers of America said 52% of community banks increased their budgets for payments projects from 2007 to 2009, while only 11% cut spending.

A fledgling standards group, the Banking Industry Architecture Network, is working with the global financial cooperative Swift to develop an interoperable form of service-oriented architecture, or SOA.

The Image Industry Interoperability Group has announced that the Federal Reserve Banks this week started a Check 21 Duplicate Notification Service for financial companies using its FedMail service.

The payments software vendor Goldleaf Financial Solutions Inc. announced Thursday that the Nasdaq Stock Market Inc. has warned it to raise its stock price.

Banking technology executives have been promoting for years an advanced systems-design format that they say offers a wide range of advantages but has been used mainly for small, discrete projects.

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As a number of companies push various strategies for the end-to-end encryption of payment card data, the Smart Card Alliance weighed in Monday with what it considers a simpler alternative: wider use of contactless cards.

Banks are stepping up efforts to increase their share of the global remittance market, either alone or by partnering with other companies.

Fidelity National Information Services Inc. expects to complete its purchase of Metavante Technologies Inc. by Oct. 1 now that the vendors have cleared the final hurdles to their $2.94 billion deal.

SunGard Data Systems Inc. announced that the professional business bank Bridge Bank, a unit of the $829 million-asset Bridge Capital Holdings of San Jose, has begun processing transactions using SunGard's hosted Sierra system for foreign exchange trading and accounting.

But according to one analyst, turning phones into payment tools will largely cannibalize existing card transactions, and much of the incremental gains will be eaten up by the costs of developing the technology and getting it into consumers' hands.

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MoneyGram International Inc. announced Tuesday that Anthony P. Ryan has resigned as its chief executive and as a director.

Western Union Co. says its new foreign exchange unit could open doors into new markets though the purchase is unlikely to have any quick impact on its bottom line.

The Debt Exchange Inc. announced Monday that U.S. Bancorp is now using DXSyndicate for its loan syndication and agency functions.