Lakshmi Vilas Bank Pvt. bank has become the 10th bank in India to launch the Internet Mobile Payment Service in India, a spokesperson for the Karur-based bank tells PaymentsSource.

As the mobile-payments ecosystem continues to take shape, Total System Services Inc., or TSYS, is dipping its toe into the pool for the first time through a partnership with a Singapore-based trusted service manager for financial institutions, retailers, transit operators and mobile-service providers.

Telefónica O2 UK Ltd. is adding its name to a growing list of wireless carriers planning to launch Near Field Communication initiatives to enable consumers to use their smartphones to initiate payment at the point of sale.

French bank Crédit Agricole SA has selected Gemalto NV to support its deployment of Near Field Communication mobile-payment services in Nice, the France-based technology provider announced Feb. 8.

Two apps are better than one when launching mobile check-deposit services, at least for now, some banks say.

Lakshmi Vilas Bank Pvt. bank has become the 10th bank in India to launch the Internet Mobile Payment Service in India, a spokesperson for the Karur-based bank tells PaymentsSource.

Sage Payment Solutions Inc. hopes to capture a new group of retail customers with the launch of a mobile service that provides small and midsize merchants lacking storefronts a low-cost option to accept credit and debit cards, the company announced Feb. 7.

Seeking to cater to its consumers who do not have Apple Inc. iPhones or Google Inc. Android smartphones, TD Bank NA last week launched a mobile-banking application for Research In Motion Inc.’s BlackBerry devices.

Zumogo, ProPay Inc.’s new social-media payment tool for mobile phones, leaves out vital information that ProPay says some competitors leave in.

In yet another sign 2011 promises to include an avalanche of Near Field Communication-related announcements, LG Corp. is jumping on the bandwagon. That should shock no one, one analyst contends.

CashEdge Inc. is linking to NYCE Payments Network LLC to allow for real-time person-to-person payments.

Continuing its expansion into newer payments-related territory, Visa Inc. intends to focus on increasing its presence in mobile payments, online commerce and funds transfers, Joseph W. Saunders told analysts during a conference call to discuss fiscal first-quarter earnings.

Visa Europe and Monitise PLC have formed a partnership to develop mobile-payment services for Visa’s member financial institutions within Europe, the companies announced Feb. 3.

Payments processor ProPay Inc. is testing a mobile application that enables consumers to pay brick-and-mortar merchants using their smartphones instead of handing over a card.

In the mobile banking business, a one-size-fits-all approach just doesn't cut it, as Firethorn Holdings LLC found out.

The mobile banking technology provider mFoundry Inc. has added a standalone mobile remote deposit system, the vendor announced Feb. 1

The ability to initiate payments with mobile phones has captured the imagination of many groups, including consumers, merchants, payment card brands and wireless carriers.

Despite the hype surrounding mobile applications for redeeming loyalty program points, consumers still would prefer one consolidated loyalty card they can attach to their keychain, according to a recent survey by ACI Worldwide Inc.

A government-appointed committee in India is proposing new mobile-banking guidelines to bring financial services to unbanked and underbanked individuals.

That Apple Inc. is targeting mobile payments is a foregone conclusion, but that doesn't mean banks must take a defensive approach.