Will Hernandez

Checks may be getting an extended life now that financial institutions are developing and rolling out mobile remote deposit capture technology as part of their mobile banking applications, observers said.

Speculation that Apple Inc. plans to develop a payment-enabled iPhone increased with its hiring of mFoundry Inc. executive Benjamin Vigier.

The Center for Financial Services Innovation, a nonprofit organization that focuses on financial services for underbanked consumers, will continue to operate as usual, despite the Aug. 20 failure of its affiliate bank, ShoreBank Corp.

Mitek Systems Inc. on Aug. 18 announced it has received a patent from the United States Patent and Trademark Office for its mobile remote-deposit capture application.

Consumers are showing growing interest in making purchases with "virtual" gift cards, according to internal research from prepaid card companies.

Though consumers continue to show a preference for debit cards at the point of sale, many are starting to use alternative payment services for online purchases, according to Auriemma Consulting Group Ltd.

Strong transaction volume and a growing presence abroad contributed to surging second-quarter profits at Cardtronics Inc.

QuikTrip Corp's revamped affinity card program demonstrates renewed interest from for-profit companies in Tempo Payments Inc.'s decoupled debit system.

The automated teller machine maker also reported that it is looking into complaints of corruption within its Russian operations.

Starbucks Corp. said it is planning this year to offer its mobile payments system at more locations.

MasterCard Inc. has agreed to offer its issuing banks an online PIN debit system developed by Acculynk Inc.

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.

Card-skimming attacks on automated teller machines remain a significant threat in most European countries, according to a report from the European ATM Security Team.

In the face of criticism that private-label credit cards have high chargeoff rates, Alliance Data Systems Corp.'s top executive is defending his company's business model, saying that store cards have done better during the recession than general-purpose cards.

Fidelity National Information Services on July 21 reported revenue of $630.6 million for its Payment Solutions unit for the second quarter ended June 30, down 0.08% from $631.1 million during the same period last year.

Mopay Inc., a Germany-based mobile-payments company, has rolled out a service that enables online merchants to bill purchases on a consumer's landline phone bill account.

Discover Financial Service's Pulse debit network said Wednesday it has agreed to carry PIN debit transactions initiated online with Acculynk Inc.'s PaySecure system.

The total value loaded onto network-branded prepaid debit cards in the U.S. could reach $440 billion in 2017, nearly four times the $120.2 billion last year.

Though the Chicago company is not abandoning its current business — selling card readers that plug into computers and let people make online PIN debit purchases — it is now developing an "anywhere commerce" model for on-the-go merchants such as flea market vendors who want to plug it into a mobile device to accept payments in the field.

JPMorgan Chase & Co. is offering a mobile remote capture application that customers can use to electronically deposit checks with their phones.