ILoveVelvet, a New York-based payment-technology company, says its new Velvet Suite products can enable merchants to use Apple Inc.’s iPhone and iPad devices as retail point-of-sale terminals.

USAA Federal Savings Bank is shifting mobile banking into high gear by offering auto loans through customers' phones.

Turkish bank Akbank TAS is hoping to bring contactless mobile payments to its customers through a partnership agreement announced this week with Visa Europe.

State Farm Bank is the latest financial services company to offer a remote deposit capture service to its mobile customers.

Plastyc Inc. has revamped its mobile banking website for prepaid card customers.

Lockport, N.Y.-based Cornerstone Community Federal Credit Union, the largest credit union based in Western New York, has introduced a mobile banking service.

A mobile-payments effort seemingly designed to exclude banks may accomplish the exact opposite.

AT&T Inc., Verizon Communications Inc. and T-Mobile USA are attempting to create a system to bypass credit and debit cards and allow consumers to pay for purchases by smartphones, Bloomberg News reported Monday, citing unnamed sources.

Bling Nation Ltd. has begun issuing its mobile payment stickers to employees of PayPal Inc. at PayPal's headquarters in San Jose.

Mobile banking through mobile devices such as cellular phones, smart phones and personal digital assistants has more than doubled globally since 2008 with consumers in the Asia-Pacific region, Central and Eastern Europe and the United States at the forefront, new research from KPMG International suggests.

IPay POS Credit Card Terminal, the new version of the mobile-payment acceptance application called ProcessAway, now works with multiple gateways and comes with a card reader to accommodate card-present transactions, according to Randy Palermo, who developed the application that works on Apple Inc.’s iPhone.

Citing positive customer reviews regarding its mobile-payments service, Starbucks Corp. plans to expand the scheme later this year, CEO Howard Schultz revealed July 21 during an earnings conference call with analysts.

Bharat Sanchar Nigam Ltd. has signed a partnership agreement with Mumbai-based Union Bank of India to launch a bill-payment and mobile top-up service in India, a spokesperson for the Delhi-based telecommunication operator tells PaymentsSource.

Citigroup Inc. has told its U.S. mobile banking customers they should upgrade to a new application for Apple Inc.'s iPhone after the bank's original version was found to have a security flaw, reports Dow Jones.

CreditCall Ltd. is developing a mobile-payment application to enable merchants to accept secure chip-and-PIN transactions on Blackberry and other smart phones, the United Kingdom-based payment processor announced last week.

SCHAUMBURG, ILL.–Square Inc., a startup company offering mobile point-of-sale payment-acceptance services, is willing to talk to merchant services sales agents and other distributors, but just not yet, according to the company’s CEO.

American Express Co. is preparing for the future of payments.

Kasikornbank Ltd. plans to embark on a Near-Field Communication payments trial in Thailand this month, an official from the Bangkok-based bank confirms to PaymentsSource.

Mopay Inc., a Germany-based mobile-payments company, has rolled out a service that enables online merchants to bill purchases on a consumer’s landline phone bill account.

One hundred fifty credit unions have agreed to offer members a mobile banking service based on software from Fiserv Inc., including 84 that are already using it.