Year after year, Apple fans have expected the company to make a splash with an iPhone-based mobile-payment system. And year after year, Apple has let them down, but but a lot has been going on under the surface.

Coordinated cyberattacks against financial institutions are not likely to disappear anytime soon, but a recent surge unfolding in Brazil should heighten payments industry security awareness in light of the country’s growing electronic-payments market.

A settlement between NCO Financial Systems and 19 states will result in the company paying up to $1.5 million in restitution to the various state's AG offices and consumers.

The marketers of six mobile applications that provide background screening apps have been warned by the Federal Trade Commission that they may be violating the Fair Credit Reporting Act (FCRA).

CoVantage Credit Union has launched a multimode mobile-banking service from Tyfone Inc. that offers a variety of nonstandard services such as account aggregation, remote deposit capture, bill pay and Near Field Communication contactless payments, the Antigo, Wis.-based financial institution announced Feb. 7.

Mobile banking continues to dominate banks' application-development initiatives, as it has for the past several years.

ANTIGO, Wis. – CoVantage CU said this morning it launched a multi-mode mobile banking solution from Tyfone that offers a variety of non-standard services like account aggregation, remote deposit capture and bill pay, as well as a path to NFC contactless payments.

Google Inc. will not officially acknowledged it and AT&T Inc. declines to comment, but mobile-device, search-engine and payments observers on Feb. 3 were abuzz over a report that AT&T subscribers with Android-powered Galaxy Nexus smartphones equipped with Near Field Communication chips and an AT&T SIM card now may download the Google Wallet.

For a product claiming to protect consumers from unforeseen misfortunes, banks' credit card payment-protection plans have made plenty of enemies. A federal probe could give those opponents the upper hand for the first time.

A new service from Visa Inc. will help issuing banks get a security boost from chip cards without the costly and time-consuming technology investments that normally would be required.

The high costs and reputational damage caused when breaches expose sensitive customer information appear to be having little effect in persuading many companies to protect their data.

NEW YORK – Municipal CU launched a new mobile banking application for iPhone, iPad, and iPod Touch.

This story was updated Feb. 6 to clarify the status of Fiserv's relationship with Bank of America Corp.

Mankind’s standard device for remembering, and ultimately accomplishing, tasks at hand may forever be the “to-do list.”

Players of games from publishers working with Live Gamer Inc. will be able to bill purchases to their landline, mobile-phone or broadband accounts through a partnership the digital commerce platform provider announced this week with PaymentOne Corp.

BILOXI, Miss. – Keesler FCU will add Geezeo’s personal financial management and Web-based marketing tools.

Facebook Inc.'s payments revenue is growing dramatically each year, and its digital currency soon could threaten banks as it moves into more traditional channels.

Facebook Inc. generated about $557 million in revenue from its payments business last year, according to its S-1 regulatory filing (see document).

By joining a new anti-phishing coalition this week, Bank of America Corp. is maintaining a leadership position it has held for several years in the battle against cyberthieves who target online and mobile-banking users. But this is one small step and the battle is by no means over.

Persolvo Data Systems, a provider of Web-based settlement software and analytics designed to locate, identify and settle accounts enrolled in debt settlement programs, announced Wednesday that it reached several milestones in 2011.