FITCHBURG, Mass.-Workers' CU here is the first credit union to allow members to instantly open accounts from a mobile device, part of a "revolutionary but natural" step that follows years of online account opening.

Federal legislators introduced a bipartisan bill last week in the House that would punish U.S. corporations for offshoring their call centers, making such companies ineligible for grants or guaranteed loans from the federal government.

The Federal Trade Commission is mailing approximately 75,000 refund checks to individuals who were deceived by an online marketing operation that sold work-at-home opportunities.

BURLINGTON, Mass. – Eastern Corporate FCU and its CUSO, Vertifi Software, reported two large credit unions have chosen its DeposZip Mobile remote deposit capture solution.

Fraud has not yet become common through mobile-banking channels, but experts warn that cyber criminals likely have mobile banking and mobile payments on their radar.

Google Inc. could score much-needed points in the mobile-payments market if rumors prove true and the company succeeds in launching its Google Wallet application in London in time for the 2012 Summer Olympic Games, one mobile-marketing expert believes.

Phishing is old news, which is part of why it is so dangerous today.

More than 300,000 consumers who were victims of a "scareware" scam will start receiving refunds this week resulting from Federal Trade Commission settlements with Innovative Marketing and other parties involved in the scheme.

Young, tech-savvy adults may be the quickest to embrace new technology, but don’t bet on them trusting social media sites or funky startups with their cash. Banks win out easily, at least for now.

More consumers are using smartphones to pay monthly bills, and cards are their preferred method of payment, according to new research from Fiserv Inc.

A wristwatch in the United Kingdom can do a lot more for its owner than provide an accurate time, if it happens to be a new watch2pay model that can complete contactless payments.

U.S. consumer borrowing rose in October to the highest mark in two years, led by gains in non-revolving debt such as auto and student loans.

PROVO, Utah – MoneyDesktop, provider of a personalized financial management platform, said three CUs have selected its MoneyDesktop to provide PFM within online banking.

NEW YORK–Banks should prove their value to customers, according to Paul Kadin, executive vice president, North America Consumer Banking Customer Strategy at Citibank.

Verizon Wireless’ decision to deny Google Inc.’s mobile wallet a place on the upcoming Samsung Galaxy Nexus smart phone likely has more to do with compensation than security, some observers contend.

Getting businesses to adopt electronic payments has been frustrating for banks, which still face high use of paper checks and exceptions.

Starbucks Corp.’s ability to integrate its closed-loop prepaid card with a loyalty program has helped drive customer usage of the company’s smartphone application to make mobile payments, notes one industry observer.

The trend of U.S. credit cardholders putting credit card payments ahead of mortgage payments that began in early 2008 shows no sign of abating in the immediate future even as the economy gradually improves, a team of TransUnion LLC analysts contends.

As it charts its course in mobile banking, Ameriana Bank faces competition in its eastern Indiana footprint from much larger banks that have been offering mobile banking for years, such as JPMorgan Chase & Co. and PNC Financial Services Group Inc.

Contactless card issuance continues to grow, creating an opportunity for providers of sleeves designed to protect such cards to prosper. But the need for such a security measure may be low, one analyst contends.