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.

A new task force formed by several government agencies, including the Consumer Financial Protection Bureau (CFPB), will work to combat scams aimed at homeowners seeking to apply for the Home Affordable Modification Program (HAMP).

PROVO, Utah – MoneyDesktop, a personal financial management solution, has teamed up with Share One, Inc., a technology CUSO out of Memphis, Tenn., integrating the MoneyDesktop offering into Share One’s online banking platform.

MFoundry Inc. has received $18 million in growth capital, the mobile banking technology provider announced Dec. 5.

Debtors in today’s lukewarm economy are not always as they appear on paper.

More banks and credit unions are considering getting back into credit card issuing after selling their portfolios over the past four to seven years, but their reasons for doing so vary, notes Tim Kolk, owner of TRK Advisors, a Peterborough, N.H.-based provider of portfolio-consulting services.

NEW ORLEANS – Riverland CU has signed with Geezeo to install the company’s personal financial management and web-based marketing platform.

MADISON, Wis. – Summit CU has installed IBT’s CUBS Credit Union Branch Capture forward presentments technology to connect its 24 branches with the main office of the $1.7-billion credit union.

An agreement between Vodafone Italia and CartaSi SpA will result in what the companies call one of the first prepaid debit cards in Italy to support both online and contactless in-store payments through a smartphone, Vodafone announced Dec. 1.

Tampa Bay Lightning season ticketholders are getting discounts at concession and souvenir stands at home games when they wear a team souvenir hockey jersey embedded with a radio-frequency identification chip in its sleeve.

The Salvation Army says it is too soon to know how effective Square Inc.’s mobile payment card reader might be in securing donations at its bell-ringer locations.

The average U.S. consumer credit card charge-off rate declined again in October as more consumers met their monthly payment-due dates and the delinquency rate on late payments held steady, according to the latest data from Moody’s Investors Service.

MIDLAND, Texas – My Community CU has signed with MoneyDesktop to install the company’s personal financial management solutions through online banking.

GERMANTOWN, Md. – Montgomery County Employees FCU has introduced EZ Deposit, a remote deposit function provided by Intuit Financial Services.