Fintech

Hold the phone! Google Wallet appears to have a security leak.

If the world of mobile and contactless payments moves so fast it seems like a wild ride, MasterCard Worldwide and Lo-Q PLC have targeted the perfect setting.

Peoples Bank of Alabama is launching 30 of NCR Corp.'s SelfServ ATMs that use scalable deposit-module technology, which enables customers to deposit checks and cash at the same time through a single slot.

For banks, free checking is many things. But it is not free.

Could consumers’ fears about crooks intercepting their financial data and spying on their locations dampen adoption of mobile payments?

NORTH CHICAGO, Ill.-Great Lakes Credit Union is crediting the old-fashioned CU motto of People Helping People for contributing to membership growth of 15%.

Banks trying to make up for lost revenue should consider adding fees for new products and services such as mobile banking or payments, rather than charging customers for using debit, market-research experts at Mintel Comperemedia advise.

Fraud has not yet become common through mobile-banking channels, but experts warn that cyber criminals likely have mobile banking and mobile payments on their radar.

Phishing scams involving all types of payment methods are on the rise nationwide and the latest one in North Dakota involves Green Dot Corp.’s MoneyPak.

Google Inc. could score much-needed points in the mobile-payments market if rumors prove true and the company succeeds in launching its Google Wallet application in London in time for the 2012 Summer Olympic Games, one mobile-marketing expert believes.