Technology

More than 10% of U.S. consumers had set up mobile-banking services in 2009, but a smaller proportion actually used the services, according to the Federal Reserve Bank of Boston.

WASHINGTON – Jaws were dropping around Capitol Hill last week as CUNA President Bill Cheney began a tour of Senate offices with Camden Fine, head of the credit unions’ most virulent enemy, the Independent Community Bankers Association, to lobby for delay of the interchange rule.

A federal judge last week denied American Express Co.'s bid to have an antitrust case against it dismissed.

Estimating the growth of social media and mobile channels equals a $70 billion global opportunity across banking and other consumer-facing
 industries, IBM has formed a new consulting practice to offer navigation
 expertise for companies looking to embrace the new technologies, many of 
which are offered in some form by IBM itself.

Two more banks in India have joined a select few others that enable customers to pay their income taxes at ATMs.

Merchants have warmed up to the idea of banding together to fight fraud in recent years, and First Data Corp.’s improved fraud-detection system that anonymously shares information about the online purchases of client retailers’ customers could help to accomplish their fraud-detection needs.

FreedomPay Inc. is opening up its payment and transaction gateway to third-party developers, the company announced April 8.

Potential client losses are the biggest risk Epsilon faces from a data breach that exposed customers’ e-mail addresses, the marketing firm’s parent said April 6.

The top banks once uniformly processed large payments before small ones. Now they're processing high to low, low to high and everything in between.

The number of Americans filing for bankruptcy dropped 6% in the first quarter of 2011 compared to the previous year, according to data from the American Bankruptcy Institute (ABI) and the National Bankruptcy Research Center.