A turn towards small local Bitcoin exchanges could keep the digital currency out of trouble while preserving the self-sufficient ethos of the Bitcoin community.

As MoneyGram International sits solidly as the world's second-largest money transfer business, its growth strategy is focused on diversifying its product suite and capturing market share that remains untapped by MoneyGram and rival Western Union.

FAIRFIELD, Ohio – Wright-Patt Credit Union here has become the first financial institution in the greater Dayton region to adopt new video teller services for its members.

BOSTON – A recent Aite Group survey confirmed what many FIs have suspected – consumers age 65 and older have little interest in mobile banking.

LAS VEGAS – Indirect lending is a “different business today” than it was five or six years ago, largely due to technology, according to CU Direct Corporation’s Tony Boutelle.

Sprint's Boost Mobile prepaid phone service developed a mobile wallet as a way to provide financial services for its underbanked target audience.

New consumer borrowing reached a five-year high in the first two months of the year, with new credit up more than 33% from 2010 lows, according to credit reporting agency Equifax.

ControlScan is providing online payments security for ConvergenceHealth's digital- and cloud-based healthcare software and services.

EBay Inc. said PayPal will be available in 2 million retail stores this year as it takes on Square Inc. and Intuit Inc. in the market for mobile payments.

Virtual Piggy is adding merchants in the U.K., setting up its youth money management and ecommerce system at Toy Galaxy and Toadstool companies.

ShopKeep POS designed Surround 360, its iPad point of sale software, to protect independent sales organizations from competitors out to "steal" merchant clients.

ScanPay's card-scanning technology, which allows consumers to enter their card credentials by scanning the card with a phone's camera, was designed to reduce cart abandonment at mobile shopping sites.

Google and Square have entered the notoriously challenging person-to-person payment field, sidestepping one of the major hurdles other companies have faced: signing up new users.

PHOENIX – Credit unions are positioned better than any other player in the financial services ecosystem to win the mobile wars, but most CUs do not know it yet.

Swipely has secured a $12 million Series B round of financing, which will fund its nationwide expansion, the payments and marketing company announced today.

Microsoft Corp. will reportedly eliminate Microsoft Points, its virtual currency for digital content for Xbox consoles, echoing moves by several of its rivals.

Following the devastating tornado that struck Moore, Okla., organizations involved in the rescue and recovery efforts are relying on mobile payments technology to accept text message-based donations from the public.

Experian announced Tuesday that a division of its marketing services department, QAS, has launched phone number verification software that can differentiate smartphones from landlines.

Google Checkout, the online payment service launched in 2006 and combined with Google Wallet in 2011, will shut down for good on November 20.