Mobile-based payment services could account for US$350 billion in payments and banking transactions in India by 2015, producing fee income that could exceed US$4.5 billion, a new report suggests.

As his company continues its mission to replace wallets and traditional payment terminals, MobilePayUSA CEO Randy Smith believes his company’s Virtual Terminal represents “more than a new way to pay; you are getting payments and marketing.”

Demand is far outstripping supply these days in mobile remote deposit capture, new research suggests.

The march of mobile banking has moved more slowly in the U.K. than in other countries, but NatWest and RBS have moved more quickly than others. They were among the first to offer native smartphone apps, and this week became the first two U.K. banks to offer native iPad tablet apps.

To sign up for a Dwolla account and integrate it with a credit-union account was a fairly tedious process that could take two to three days–until FiSync came along to streamline the task to less than a minute.

Banks and credit card companies are likeliest to succeed in mobile payments, contend business executives surveyed recently.

With a 98% retention rate, USAA Federal Savings Bank seems to have little room to improve customer service for its payments and other operations. But it has spent the past two years and millions of dollars overhauling systems to do just that.

CoVantage Credit Union is working with the software vendor Tyfone Inc. to make its customers’ wallets more mobile.

Not many companies are doubling their business estimates for the next year, but PayPal Inc. has done just that by projecting a 100% upside for mobile payments. Today it pushed the gas even harder by making Near Field Communication technology available as part of peer-to-peer payments.

The U.S. may lag other countries in mobile-payment availability and use, but the rate of activity surprisingly is high, new survey data suggest.

Mitek Systems Inc., a provider of remote-deposit check capture, has ridden the wave of mobile banking to an eight-fold increase in its stock price and a relisting of its shares this week.

In the latest phase of Citi’s efforts to hire leaders from the retail world (including Tracey Weber from Travelocity and Frank Eliason from Comcast), the bank has hired Omar Khan, CTO at Samsung Mobile, to head mobile initiatives on a global basis. Khan is said to have led Samsung’s moves into the Android space.

Many consumers don't know what Near Field Communication is, but the services the technology enables are becoming quite popular. That puts an onus on mobile payments projects that use NFC to move beyond disputes over revenue and other issues.

While many consumers may not know what near-field communication is, the services it enables are becoming quite popular, putting an onus on mobile payments projects in regions as varied as North America, Germany and Turkey to move beyond tech and revenue disputes to deliver a workable model for point of sale transactions executed by smartphones.

PayPal revolutionized how consumers pay for goods online. It's not about to be usurped by the mobile payments movement.

EBay Inc. is building on the mobile payments strategy of its PayPal unit with its $240 million deal to buy Zong Inc., a company that lets consumers charge purchases of digital goods to their wireless phone bills.

Anyone who owns a smart phone knows new apps and program updates are posted every day and even the handsets themselves evolve every year or so.

The total value of mobile payments for digital and physical goods as well as for money transfers and Near Field Communication-enabled transactions will grow to $670 billion by 2015, up from $240 billion in 2011, according to a new Juniper Research study.

The emerging U.S. mobile-payments market could face some resistance from consumers who are worried about fraud, new research suggests.

Fresh off moving its Citi Ventures unit to the Bay Area to get close to the latest payments tech buzz, Citi’s investing in mobile payments firm Billing Revolution.