Steve Bills

Mobile payments may not be widely available for several years, but merchants, processors and card networks are already anticipating big changes in consumer spending patters — and their own business models.

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Small businesses are initially finding no great boon in social media such as Facebook, Twitter and LinkedIn, according to a report released Friday by Citigroup Inc.

Fair Isaac Corp. has named MicroBilt Corp. the exclusive licensee of its FICO Expansion score for thin-file credit applicants.

Innovative Card Technologies Inc. has completed a financial restructuring that gives the Los Angeles company $1.2 million in capital to expand sales of its DisplayCard, which generates a one-time-use numeric code on a screen in the face of the card.

Some bankers are still trying to fight the wheels of progress. The vast majority of paper checks are now cleared electronically, but a few financial companies are still clinging to paper.

Banks all over the world offer financial services through mobile phones, but few have taken the concept as far as Jibun Bank.

Thousands of Hotmail usernames and passwords exposed in massive phishing attack; the concealing power of Trojans; former NBA player charged in multiple bank crimes; and more.

FirstBank, a $2.2 billion-asset unit of First South Bancorp Inc. in Lexington, Tenn., has agreed to use the i-Remit service from eGistics Inc. for its check processing and wholesale lockbox lines of business, the Dallas archive hosting service announced Monday.

Bank of America Corp. announced the launch Monday of its CashPro Online banking channel for commercial and corporate clients, providing a single point of access to global treasury, debt, cash management, trade finance and other financial services.

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Mobile person-to-person payments systems could be the elusive key to reaching Gen Y, once the emerging networks manage to bridge a few significant gaps.

Mobile person-to-person payments systems could be the elusive key to reaching Gen Y, once the emerging networks manage to bridge a few significant gaps.

The Jacksonville, Fla., vendor, which is now calling itself the world's largest provider of banking and payments technology, adopted a new corporate logo and said it would go to market using its stock symbol, FIS.

Hoping to make personal financial management software an easier sell to banks, vendors are touting a smaller-is-better approach.

The compliance technology vendor Continuity Engine LLC is enlisting other companies to help it streamline and automate the tasks it handles for community banks that must satisfy regulators.

The financial technology company Fiserv Inc. announced Monday that it has agreed to sell its Loan Fulfillment Solutions unit to ISGN Corp. of Bensalem, Pa.

The online billing specialist Internet Payment Exchange announced an alliance Monday with Accelerated Revenue Management Inc. of Ventura, Calif., which does business as ARM Solutions, to offer "soft collection capabilities" on late payments.

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Western Union Co. announced Friday that it had won a $16.5 million jury verdict against its chief rival, MoneyGram International Inc., for infringing a patent on money transfers initiated by telephone.