China is gearing up to form a new national mobile payment standard to streamline technology for operators and users, as well as optimize existing resources in the sector.

CHICAGO—Consumers will decide which mobile wallets they want to use and that is why financial institutions should participate in as many as possible, a Citigroup Inc. executive on Oct. 12 told attendees here at the BAI Retail Delivery conference.

Wells Fargo & Co. is expanding its remittance network by adding access points in Latin America and Asia, in an attempt to gain more money-transfer business from former Wachovia Corp. customers.

PayPal Inc. is putting itself at nearly every possible point of a consumer's banking relationship – from account-opening to payments and even reward-redemption – through a series of new partnerships.

The number of homes that received a first-time default notice during the July to September quarter increased 14% compared to the second quarter, according to a report released Thursday by RealtyTrac Inc.

How does the typical U.S. consumer make sure the online banking Web site he’s using is legitimate? He checks that the Web site looks familiar -- that all the branding, colors and layout are similar to what he’s seen before.

AUSTIN, Texas – Velocity CU has implemented Fiserv’s Branch Source Capture to truncate deposits at the branch, electronically correct and balance deposits, reconcile to the teller system, and present data and images to item processing systems to clear, settle and post to core seamlessly.

PORTLAND, Ore. – OnPoint Community CU will be one of the first financial institutions to launch Tyfone’s new iCashe mobile wallet and e-commerce engine.

Staking out its place in what may become a new competitive front in the ATM industry, NCR Corp. has inked a partnership with PayPal Inc. enabling person-to-person payments through ATMs, the company announced Oct. 12.

In a move that could speed up investors’ market moves, Airtel Ghana Ltd. has announced it is offering a new mobile funds-transfer service in collaboration with Databank Financial Services Ltd., a local stock-trading portal.

Despite sluggish economic growth and worrisome unemployment rates, certain indicators on the eve of payment card issuers releasing third-quarter results suggest credit and debit card purchase volumes remained relatively healthy through September, according to two new reports from New York-based equity firm Keefe, Bruyette & Woods.

Leveraged loan issuance slumped in the third quarter, but the amount funded by deposit-rich banks held up and investment grade volume was healthy. Now, dollar shortages at European banks are adding a new dimension to the turmoil.

The Southeastern Pennsylvania Transportation Authority is close to awarding a contract for its open-loop contactless fare collection system.

DULUTH, Ga. – NCR Corp. announced this morning it is working with PayPal and S1 Corp. to enable real-time person-to-person payments from a credit union or bank ATM to almost anyone with a mobile phone or e-mail address.

HUNTSVILLE, Ala. – Redstone FCU is developing new member applications with Open Solutions’ DNAappstore and DNAcreator.

Participants in a large international credit card-skimming ring allegedly stole credit card data from thousands of U.S. and European consumers over a 16-month period, resulting in at least $13 million in losses, the Queens, N.Y. district attorney’s office announced.

Participants in a large international credit card-skimming ring allegedly stole credit card data from thousands of U.S. and European consumers over a 16-month period, resulting in at least $13 million in losses, the Queens, N.Y. district attorney’s office announced Oct. 7.

As EMV chip-and-PIN payment card technology spreads to new markets, an Argentina technology company sees opportunity in developing a biometric fingerprint-scanner to replace personal identification numbers for card authentication.

The Reserve Bank of India has released a final roadmap and a fixed timeline for banks to ensure the systems they use to process card transactions are secure.

PALO ALTO, Calif. – Stanford FCU, the first financial institution in the country to offer Internet banking, has signed with Open Solutions to convert to the company’s DNA core processing system with its new DNAweb Internet banking solution.