Credit bureaus and payment companies are testing ways to use social media – say, a Facebook Inc. post about a recently purchased Corvette – to verify a person’s identity and even assess consumer creditworthiness.

LevelUp has made constant changes to its mobile-payments technology as it has aggressively spread its system to new consumers and merchants alike. Today, it is in the process of eliminating issues by replacing its older systems and is promoting a white-label app to appeal to more merchants.

Mercedes-Benz has a new account management app, My MBFS (Mercedes-Benz Financial Services), for motorists to use within their vehicles to review and pay auto loan and lease statements.

In an interview this week, Jennifer Shasky Calvery, the director of Fincen, said the government was not trying to squash the development of digital currencies, but made it clear they must follow proper anti-money laundering procedures like other financial institutions.

COLORADO SPRINGS, Colo. – Air Academy FCU has introduced a mobile remote deposit capture program in partnership with Malauzai Software and Bluepoint Solutions.

ORLANDO, Fla. – If Mike Kelly had his way, he would ban discussions about the “future of mobile payments” because mobile’s future is taking shape right now.

ORLANDO, Fla. – Credit Union Journal’s Grow Show kicked off yesterday with payments experts laying it on the line to CU execs, telling attendees to get moving in the mobile space if the CU has not already, and to base their plans on analysis of the membership.

CardSpring and VeriFone Systems Inc. allow consumers' credit and debit cards to act as loyalty cards for redeeming digital coupons.

Visa issuers have put 3.5 million chip-based smart cards in the hands of U.S. consumers since the card brand announced its EMV-card migration roadmap in August of 2011, a Visa executive says.

Starbucks attributes the widespread use of its mobile payments app to a "seismic change" in how consumers use mobile phones and social media. The company expects a further surge in adoption as its rewards system expands to grocery stores.

Payleven's EMV-chip mobile card reader has found a spot on Apple Inc.'s retail shelves in Europe and on the company's website.

Wolfe LLC is changing the name of its Wolfe Rewards and Loyalty business to OmniCard, a move designed to reflect the operation's range of offerings.

Financial-technology and payments company FIS has named its president and chief operating officer, Gary Norcross, to its board of directors.

Youth payment company Virtual Piggy is bolstering its international expansion plans via a joint marketing agreement with ClickandBuy, a global provider of online payment systems.

Clip, which sells mobile payments technology in Spanish-speaking markets, has developed a mobile card reader.

Mike Passilla, JPMorgan Chase's new merchant services boss, didn't take a sledge hammer to the digital payment startups that are chewing away at incumbent payments companies, but his message was clear—Chase is one of the biggest guys on the block, and it plans to use its data and technology heft to win in the merchant acquiring game.

AUSTIN, Texas – Mobile Picture Pay, a new service that lets end-users take pictures of bills to make payments, showed “impressive” results in April, according to a new study from Malauzai Software, Inc.

SAN ANTONIO – Security Service FCU has redesigned its online banking platform, known as myBranch, and paired it with new mobile banking service called myBranch Mobile.

The Treasury Department has proposed a rule designed to seal off the U.S. financial system from Liberty Reserve, the digital currency issuer authorities charged Tuesday with laundering more than $6 billion for criminal groups.

New York City's newest public-transit option, which allows commuters to rent bicycles to get to work, got its first real road test today. Citigroup is contributing $41 million to be the chief sponsor and namesake, and MasterCard Inc. is behind the program's $6.5 million payment system.