As the first Irish bank to promote contactless payments, The Bank of Ireland plans to use one-on-one communications with cardholders to promote the benefits of contactless payment technology when it rolls out Visa payWave cards later this year.

As his company continues its mission to replace wallets and traditional payment terminals, MobilePayUSA CEO Randy Smith believes his company’s Virtual Terminal represents “more than a new way to pay; you are getting payments and marketing.”

Demand is far outstripping supply these days in mobile remote deposit capture, new research suggests.

The march of mobile banking has moved more slowly in the U.K. than in other countries, but NatWest and RBS have moved more quickly than others. They were among the first to offer native smartphone apps, and this week became the first two U.K. banks to offer native iPad tablet apps.

The Federal Trade Commission on Thursday told Congress that protecting consumers’ privacy – through law enforcement, education and policy initiatives – is a top priority.

DES MOINES, Iowa – Financial Plus CU is the first credit union to deploy Dwolla’s FiSync, allowing members to connect the Dwolla payment platform directly to its existing systems, thereby expediting the sign-up process.

Consumer credit card debt fell by 10% during the first half of the year and by 17% from a year earlier, totaling $6,472 in June, according to data Credit Karma released July 13. The average credit score has remained steady at 667, down just two points from 665 in June 2010.

To sign up for a Dwolla account and integrate it with a credit-union account was a fairly tedious process that could take two to three days–until FiSync came along to streamline the task to less than a minute.

Issuers seeing the first signs of growth in consumer credit card borrowing in nearly three years might be hoping the long drought is over, but it is too soon to celebrate, analysts say.

Banks and credit card companies are likeliest to succeed in mobile payments, contend business executives surveyed recently.

With a 98% retention rate, USAA Federal Savings Bank seems to have little room to improve customer service for its payments and other operations. But it has spent the past two years and millions of dollars overhauling systems to do just that.

CoVantage Credit Union is working with the software vendor Tyfone Inc. to make its customers’ wallets more mobile.

Not many companies are doubling their business estimates for the next year, but PayPal Inc. has done just that by projecting a 100% upside for mobile payments. Today it pushed the gas even harder by making Near Field Communication technology available as part of peer-to-peer payments.

Signaling plans to stick with its strategy of diversifying beyond its core general-purpose credit card operations, Capital One Financial Corp. on July 13 said its second-quarter purchase volume rose and its charge-off rate fell, partly as a result of its acquisition of the Kohl’s Corp. private-label credit card operation.

The Chicago area’s regional transportation systems have until 2015 to develop a universal transit fare system commuters could use across three different schemes under legislation signed into law last week.

Call it a need for “consolidation education” among at least one in every four credit cardholders in the United Kingdom who carry balances but who are unaware of other loan products to consolidate their card debt.

With Canada being one of the world’s more developed contactless-payments markets in terms of cards issued, more merchants there are starting to accept the tap-and-go transactions, the latest being 1,400 McDonald’s restaurants, which will do so starting this summer.

The U.S. may lag other countries in mobile-payment availability and use, but the rate of activity surprisingly is high, new survey data suggest.

HOUSTON – Cardtronics has signed a multi-year licensing deal with I-design for the company’s joono targeted marketing software for use on Cardtronics ATMs.

SAN ANTONIO – Generations Community FCU has implemented Jack Henry & Associates’ iPay consumer bill pay solution.