Payments

T8 Webware said March 21 it is offering new mobile capabilities for its card personalization software over Apple’s iPad.

Allied First Bancorp Inc. of Oswego, Ill., is using technology from VSoft Corp. for remote deposit capture services, the companies announced March 21.

CEDAR FALLS, Iowa – T8 Webware said yesterday it is offering new mobile capabilities for its card personalization software over Apple’s iPad.

Vivotech Inc. has launched a new software suite called Vivonfc to manage payment systems that use Near Field Communication chips, the company announced March 21.

LOMBARD, Ill.-To make up for a 73% loss in interchange revenue, a $750-million CU will either have to cut 18 employees, lower deposit rates by 16 basis points, impose a $6.08 monthly fee on checking balances below $1,000, or add a monthly $3.65 debit card fee.

WASHINGTON-A powerful group of banks and credit unions convinced Congress last week to introduce a bill that would delay implementation of the Federal Reserve's rule capping fees in debit interchange, but the bill faces a steep climb as the deadline for final passage of the rule is rapidly approaching.

CANTON, Ohio-First Ohio Community FCU is focused on credit cards this year to drive lending, and its 3.99% APR Visa balance transfer promo has been a great start-setting a record for the annual campaign.

While many bankers expect Apple Inc. to help bring mobile payments into the mainstream by developing its own system for the iPhone, the consumer electronics giant could also have the same effect with its advertisements.

Zong Inc. said March 17 that its mobile carrier billing service is now available for video game consoles, interactive television services, mobile websites and other channels.

American Express Co. cardholders borrowed less on using their cards in February compared with the two previous months, AmEx reported this week in a U.S. Securities and Exchange Commission filing.

The National Payments Corp. of India has informed banks that it will charge remitting institutions 0.1 rupees (0.002 U.S. cents or 0.0015 euros) for every mobile transaction that flows through the interbank funds-transfer service it launched last year, the company announced March 14.

WASHINGTON – Consumers doubt they will benefit from lower debit fees, according to a recent survey, even as the Federal Reserve is poised to direct lower interchange charged merchants by credit unions and banks.

WASHINGTON – Republican members of the House Financial Services Committee took presidential advisor Elizabeth Warren to task yesterday for her role in developing the Consumer Financial Protection Bureau, saying her duties amounted to an end-run around congressional confirmation of a director for the new agency.

Many small businesses that do not use mobile bill-payment services are unlikely to use them in the near future, new survey data suggest.

Federal Bank Ltd. has become the latest bank to join the interbank funds-transfer service the National Payments Corp. of India launched last year, a spokesperson for the Kochi-based bank tells PaymentsSource.

WASHINGTON – Credit union and bank lobbyists hope to convince senators who voted overwhelmingly for last year’s Durbin amendment on debit interchange and may have buyer’s remorse to change their vote and approve a proposed delay.

Google Inc.’s interest in Near Field Communication technology might be more about advertising than establishing its own payments network, observes one analyst.

U.S. Bancorp will be adding a mobile remote deposit capture service to its mobile banking features, the Minneapolis-based institution announced March 14.

PIERRE, S.D. – A leading consumer group filed a brief in federal court calling for the judge to reject the pleas by credit union and bank groups to block implementation of the Durbin amendment on debit fees, saying consumers will benefit from regulation of the $20 billion-a-year market.

Apple Inc. boasts that its iPhone “changes everything,” but against the expectations of many bankers, it may not be changing payments–at least, not this year.