Fintech

Another Iowa credit union has added a Dwolla Corp. account and payments link to its online banking format, continuing a trend for the Des Moines, Iowa-based mobile-payment startup as it attempts to expand its reach.

The Indian state of Tamil Nadu in mid-September plans to test the use of biometric smart cards to help disburse pensions in an effort to prevent corruption in the process of delivering cash payments to recipients.

S1 Corp.'s board advised the company's shareholders not to accept the exchange offer ACI Worldwide Inc. made in its hostile bid for the Norcross, Ga., bank technology vendor.

Monitise was awarded a UK patent for a “virtual payment card” that will allow consumers to make payments in shops and online with their mobile phone without divulging their card details, the company said Sept. 13.

Fraudsters are increasingly using alternative payment methods to make bogus transactions, in many cases moving away from debit cards and checks, merchants report.

Acculynk Inc. is beginning to test the international market with PaySecure, its Internet PIN-debit product, and has inked an agreement with Evertec Inc. in Puerto Rico.

Efforts to streamline the various payment systems across Taiwan’s public transport operations may see progress as the country’s government pushes interoperability among locally issued smartcards.

Building on its growing momentum in contactless payments, Bank of Montreal is rolling out the Mobile PayPass Tag, a Near Field Communication-enabled sticker that consumers can attach to their mobile phones to make contactless payments in Canada, the bank announced Sept. 13.

The online payment provider eLayaway Inc. said on Monday that it would join the Secure Vault Payments network and offer the service to its customers in the fourth quarter.

LYNN, Mass. – State regulators have approved the conversion of Massachusetts Postal Employees CU to a community charter serving more than 350,000 residents on the Bay State’s North Shore.