Kofax is launching new image capture technology that can be used for mobile marketing and offer redemption tied to multi-channel payments.

Wells Fargo (WFC), U.S. Bancorp (USB) and Fifth Third Bancorp (FITB) all pulled the plug Friday on a controversial lending product that competes with payday loans.

As with any new technology, mobile wallets must earn the trust of the consumers and merchants who would use them. Many mobile payment apps may attempt to beef up security with password and PIN protection, but a few have had their security scrutinized very publicly.

It's not the first time Apple has sought a patent for payments technology on its iPhones, but an application published Jan. 16 is perhaps the most specific.

EBay Inc. has written a new policy on virtual currency sales, set to go into effect for U.K. customers in early February.

Danish payments manager Pensio and London-based fraud prevention provider ReD have partnered to offer a fraud screening service to Pensio's merchant clients.

Total System Services has developed a product that allows consumers to control their card accounts from smartphones or computers.

WABASH, Ind. -- With a design concept akin to Angie's List, VendorCamp is a new service for credit unions providing the ability to securely manage and collaborate on vendor relationships.

PLEASANTON, Calif. -- The ability to quickly retrieve and analyze data is often easier said than done, but one CU has found a way to do just that.

WASHINGTON -- Traditional IT responsibilities, such as the management of technology infrastructure, end user desktop support and system access, are critical to credit union operations, but one credit union's IT department is going well beyond the traditional.

That's the aim of MOGL, a restaurant loyalty mobile app that continues to gain credit union partners.

EAST LANSING, Mich. -- With the goal of providing members 10 and older with an interactive, fun way to learn basic money management concepts, Michigan State University FCU teamed up with the university's College of Communication Arts and Sciences Department to develop a new game app, Saving Magic.

BALTIMORE, Maryland -- Though the holidays are over, technology wishes can still come true. Horsetail Technologies, in conjunction with Credit Union Journal, will be accepting applications for the Second Annual $100K Extreme Network Makeover starting in March.

Starbucks has released an update to its mobile app that's designed to enhance security following reports of vulnerabilities related to how its app stores passwords.

Ingenico's Roam has added staff management functions to its mobile point of sale technology as the company pursues a broader range of businesses.

American Express has escaped serious harm from the recent and massive Target data breach, CFO Jeff Campbell told investors.

Digital currency startup Circle Internet Financial has expanded its high-profile lineup of leaders, appointing a Goldman Sachs director to its board of directors and naming veterans from American Express and Google to its advisory board.

U.S. banks and merchants face mounting pressure to catch up with technology used in Europe, Asia and Latin America to secure credit- and debit-card data after tens of millions of Target Corp. customers were exposed.

If the recent holiday shopping season is any indication, consumers may be setting aside their caution with credit card spending and are back to consuming through debt.

Starbucks is reportedly storing mobile app users' passwords in a manner that makes them accessible to a hacker with access to a user's phone, creating potential security risks that could erode consumer confidence in mobile payments.