The Bank of the Philippine Islands and Globe Telecom Inc. on July 14 launched a cashierless payment service to enable the Philippines-based telecommunication operator’s subscribers who also hold accounts at the bank to pay their Globe bills using the bank’s mobile and online-banking platforms

The use of mobile-banking services is increasing, but many consumers still prefer to bank online or at branches for more-complex transactions, new study data suggest.

By offering a mobile service that addresses a common need, JPMorgan Chase & Co. might also get people to use their phones for a type of payment of which few people are even aware.

Fremont, Calif.-based Patelco Credit Union has become the first financial institution in the U.S. to launch Mobile Popmoney, which will enable Patelco's members to send an electronic payment directly to another person via an e-mail or text message from their mobile phone.

Monitise PLC, a United Kingdom-based provider of mobile banking and payments services, on July 13 announced plans to raise £32.4 million (US$48.6 million or 38.7 million euros) through the sale of company shares and a subscription by Visa Inc. that will raise the card brand’s shareholding interest in the company to 14.4% from 12.6%.

Abu Dhabi Islamic Bank has become the first financial institution in the United Arab Emirates to launch mobile-payment services in collaboration with Etisalat, according to a spokesperson for the mobile operator.

Bluepoint Solutions, a provider of remote deposit capture solutions, announced the release of QwikDeposit To Go, a mobile remote deposit capture application.

The allure of mobile payments, which Generator Research, a United Kingdom-based research firm, estimates will grow to an estimated $600 billion worldwide by 2014, has drawn AT&T Inc. into the fray, as have the merchants accepting payments via their phones. The telecommunication giant announced July 7 it will work with Apriva to sell the wireless-payments company’s AprivaPay and AprivaPay Professional mobile-payment services.

MasterCard Inc. announced a free application for Apple Inc.'s iPhone that lets users track special deals offered through the payments network's online shopping portal, MasterCard MarketPlace.

Why would a merchant need to identify the card in any case? The "Honor all Cards" rules set forth by the card networks apply to all products.

Bling Nation Ltd. has struck a partnership with PayPal Inc. that could help the mobile payments network operator expand beyond its hyperlocal business model.

When my client called me June 21 in a panic saying they had just received a call from Springbok representative to let them know Springbok was closing its doors, I had to bite my tongue and only whisper to myself "I told you so."

Springbok was mostly a B2B prepaid provider, so the CARD Act would have a minimal effect on its business. The company was founded by two people, one of whom was so upset that he and his wife couldn't redeem a gift card to pay for movie tickets that he founded Springbok.

SACRAMENTO, Calif. — The Golden 1 Credit Union has launched a new person-to-person (P2P) payment service called EZPay Personal Payments that allows members to send money electronically to other individuals with Internet access.

Obopay Inc. is trying something new. Again.

With preferences for carrying and using cash continuing to drop, more consumers expect merchants to accept debit or credit cards for payment. But not all merchants do, especially those that lack physical storefronts. Some industry insiders believe mobile-based products might help encourage them to accept electronic payments.

JPMorgan Chase & Co. has hired a PayPal Inc. veteran to help guide its mobile strategy.

ATLANTA – Delta Community CU has introduced its own mobile banking program, which it said will provide both consumer and business services members with convenient and secure access to real-time account information through their cell phones, smart phones, PDAs or other mobile devices.

Nokia Corp.’s decision last week to include an NFC chip in every one of its smart phones starting next year finally could help move the technology from scattered worldwide pilots to a major rollout and widespread consumer adoption, observers say.

Square Inc. co-founder Jack Dorsey remains confident in the payments startup’s future despite mounting frustration among some early customers over delays in the processing service and the revelation last week of a further lag in availability.