DES MOINES, Iowa – Mobile payments developer Dwolla rolled out a new feature called “Proxi” which allows users to send and receive cash-based mobile payments based on their current proximity to another connected device.

ALEXANDRIA, Va. – CommonWealth One FCU is now offering My Deposit, a free online remote deposit capture solution provided through Intuit Financial Services.

Financial institutions that are not exempt from the Federal Reserve Board’s reduction in debit card interchange might find themselves pushing Internet PIN-debit technology as a way to reduce fraud and maximize revenue, an electronic funds transfer network executive contends.

Financial institutions that serve military personnel, including USAA and Navy Federal Credit Union, are pressured to provide a wide range of remote access beyond that of traditional branch-heavy banks because the Web and mobile phone are often the only access points that consumers who are stationed overseas have to their financial institution.

Economists who participated in a recent survey largely believe high unemployment and weak consumer spending will hold back the U.S. economy into 2012 but most say a recession is not likely over the next 12 months.

Shipments of smart cards in China will exceed 1 billion by 2016, helping China catch up to Europe, Japan and other countries that have begun to transition to smart cards to improve security, according to a recently released report by IMS Research Ltd.

WASHINGTON — Bank regulators have long kept state officials at arm's length, but the Consumer Financial Protection Bureau is forging a close relationship with state attorneys general to enforce consumer banking laws.

A new point-of-sale terminal from Vivotech Inc. capable of accepting Near Field Communication mobile payments and chip-and-PIN transactions could help position U.S. merchants to embrace EMV smart card technology and perhaps save them money on security-standards compliance costs, the vendor believes.

Intuit Inc.'s Mint.com is adding bill payment reminders to its free personal financial management service.

Not only are more banks offering mobile banking, more are also releasing multiple applications to try to appeal to as many types of banking customers as possible.

Independent sales organizations, which sell payment card acceptance to merchants, see a big opportunity in Visa Inc.’s decision to accelerate the switch to EMV chip-and-PIN cards in the United States.

Credit card charge-offs have been plunging since the middle of last year, moving against the tide of an anemic jobs environment but supported by slowing bankruptcies.

DES MOINES, Iowa-Des Moines Police Officers' CU pays nothing to offer mobile banking to members, and the $35-million credit union knows how to get members interested in the service -pushing adoption by about 45% in four months.

DALLAS-Move over, Farmville. The Texas Credit Union League is developing a new financial education game that it hopes will rival the popular Facebook application.

ATLANTA-A new series of studies from First Data found a gap between consumers' awareness and usage of mobile banking; and its authors say that bridging that gap could be key to growing Gen Y member share at credit unions.

SEATTLE-BECU members here will be able to wave their phone to pay retailers next year, as their credit union joins a number of CUs working to roll out contactless mobile payments.

INDIANAPOLIS—Indiana Members Credit Union is calling through the cloud after deploying a hosted, Internet Protocol telephone application—and has cut about 30% from monthly costs.

BOSTON-Two new studies suggest several trends are at work in credit union core processing.

NEW YORK-While mobile banking is getting much of the media and product development attention, there's a quieter channel change going on that's received little attention -the growth in online banking.

OCEANSIDE, Calif.-Members at Pacific Marine CU here were sometimes locked out of their accounts for weeks if they forgot their account information.