Mitek Systems Inc. said it added two large banks to its roster of clients using its mobile check-deposit technology during the quarter ended March 31, as its market share in the category continues to grow.

As U.S. Bancorp upgrades its mobile banking offerings, it is also stepping up its use of mobile data business intelligence to target sales and personalize customer service.

The Reserve Bank of India has increased the deposit limits for mobile wallets in that country to 50,000 rupees (US$1,112 or 762 euros) from 5,000 rupees previously, according to a notification it sent to all banks and operators on May 4.

The National Payments Corp. of India has received permission to expand the scope of its interbank mobile funds-transfer service to include payments, the authority announced May 5.

Person-to-person payment is expected to be one of the big next deployments for mobile financial services, and ING Direct is an early adopter of the latest incarnation of the technology, becoming the first major financial institution to enable U.S. customers with iPhones to use them to send money to one another.

Mobile users in India now have the ability to purchase tickets to the cricket Indian Premier League and movie theaters using Suvidha Starnet Pvt Ltd’s mobile-payment service.

The Central Bank of Afghanistan on April 25 granted the country’s first Electronic Money Institution license to M-Paisa, the first mobile funds-transfer service to operate in the country.

CHICAGO–A day after the Wall Street Journal reported Isis was changing its business model by working with other established payments organizations, an executive for the organization told a panel here at the Smart Card Alliance’s annual conference nothing had changed.

Merchant e-Solutions Inc. is rolling out a suite of mobile-payment applications on its new PayEverywhere platform, the company announced May 5

For all the talk about the upcoming NFC-driven mobile payments revolution at the point of sale, new research from Oracle is throwing some cold water on the hype.

UC Mobile Corp. has entered China’s mobile-payments market in partnership with Alipay, the country’s largest independent online-payment platform based on transaction volume, the company announced April 21.

Brihanmumbai Electricity Supply and Transport Co. soon will enable consumers to pay their electricity bills though their mobiles phones.

A host of new mobile payment applications promise many of the perks of near-field communication technology, without the costly hardware.

For the amount of industry discussion there has been about Near Field Communication-enabled mobile phones, little has been said about the critical role point-of-sale terminals will play in the acceptance of mobile payments and other contactless services.

Endeca Technologies Inc. said its Endeca Mobile Commerce system is being used by Sallie Mae's Upromise for mobile rewards.

PayPal Inc. has acquired mobile payments startup Fig Card Corp., the company announced on its blog April 28.

MIAMI BEACH, Fla.-Poor service from a credit card service independent sales organization helped convince James McKelvey to co-found Square Inc., the exec told attendees on April 27 at the 23rd annual Card Forum and Expo co-sponsored by PaymentsSource and the American Banker in Miami Beach, Fla.

WASHINGTON — For consumers, convenience and rewards are the most commonly discussed benefits of near field communication for mobile payments. There is also a substantial security benefit, though banks are reluctant to let consumers know.

The opportunity to capitalize on the explosive growth in payments as the industry steadily moves to electronic and mobile platforms is attracting many new players and business models, but the winners ultimately will be those who can leverage payments on a massive scale, according to Citigroup Inc.’s top enterprise executive.

Visa Inc. has invested an undisclosed amount of money in Square Inc., the start-up company that lets merchants accept card payments through a small square-shaped device that plugs into smartphones.