Consumers want their bank to provide them their first mobile wallet because of their trust in the institution. But, at least in the UK, no wallet provider has thus far addressed all of consumers' concerns with mobile payments, new research shows.

Apple's iWallet is much anticipated but, due to Apple's notorious secrecy, still very hard to picture. A new patent lends some slight clarity to the company's mobile-payment vision.

CROWN POINT, Ind. – Tech CU has selected Fiserv's XP2 account processing platform.

Isis, the mobile-payment joint venture backed by AT&T, Verizon Wireless and T-Mobile USA, is on track for a debut in September, following months of delays and a change in strategy last year.

With their "Project Oscar" mobile payment joint venture remaining uncertain because of a regulator's investigations, major European telcos are turning to traditional payment companies to get back in the mobile payments game. MasterCard's new five-year agreement with Everything Everywhere is a case in point.

USA Technologies has added a Web service called QuickConnect, which helps developers and original equipment manufacturers use the vendor's ePort Connect platform for accepting card payments.

MasterCard continued to expand its partnerships with European telcos, announcing an exclusive, five-year agreement with Everything Everywhere to develop mobile and digital payment applications.

Fiserv has hired Ginger Schmeltzer, formerly SunTrust's senior vice president of digital channel management, to be its senior vice president of emerging payments and digital payment solutions, a newly created position.

In Virginia, car title lending is thriving after changes in laws the past two years imposed new regulations on lenders in many areas but allowed them to operate in the commonwealth.

The pace of innovation in mobile payments may slow in light of Apple Inc.'s favorable $1.05 billion verdict in a patent lawsuit against Samsung Electronics Co. over mobile phone technology.

The rate at which lenders declare credit card loans uncollectible ticked up at four of the six largest issuers in July from the previous month.

IRVING, Texas – Las Colinas FCU has completed the installation of IBT’s i2CUBS branch capture forward presentment technology.

ANN ARBOR, Mich. – Genisys CU has introduced a new mobile banking app for Apple devices designed by Logic Solutions.

VENTURA, Calif. – Ventura County CU has implemented the end-to-end loan origination system from Lending QB.

Apple won a jury verdict of more than $1.05 billion against Samsung after a finding that Samsung infringed six of seven patents for mobile devices in the first lawsuit to go before a U.S. jury in a fight for dominance of the global smartphone market.

City officials in one Mississippi town last week said they may take collection efforts to Facebook by posting names of individuals who owe money to the city.

Small business owners in Europe certainly won't have a shortage of mobile payment options to choose from, as more companies enter the market locally and from the U.S.

Just as the plastic card liberated many consumers from a reliance on cash and coin, alternative payment sources are gaining enough adoption to steal transactions from plastic — with a little help from the very companies these digital currencies threaten.

It took 11 minutes, tops, after I pushed the button for the equivalent of $5 to travel across the Atlantic. For this service I paid less than a penny. There were no banks involved. If there had been, it would have cost me at least twice the amount I was sending.

Delinquency rates across credit card, home and auto finance accounts dropped by double-digit percentages in July compared with a year ago, according to Equifax.