Visa Inc.’s acquisition of Fundamo will help it use mobile payments to serve more underbanked consumers abroad, according to the card network, which on June 9 announced a deal in which is will pay about $110 million for the Cape Town, South Africa-based mobile payments company.

The Federal Bureau Investigation in Dallas is looking into reports of counterfeit check schemes targeting U.S. law firms.

Visa Inc. is paying about $110 million to acquire Fundamo, a mobile payments company that focuses primarily on working with mobile network operators and banks in developing regions, the card brand announced June 9.

Think Computer Corp. has added a contactless-payment capability to its FaceCash mobile wallet.

NEW ORLEANS–One of the prevailing themes of this year’s Mobile Banking Summit is there is nothing inherently wrong with plastic cards: A number of speakers, panelists and attendees with a major stake in mobile payments all acknowledge that physical cards work well, posing a steep hill to climb to get consumers to use their phones to make payments.

CARMEL, Ind. – Allied Solutions said it is partnering with Lending Solutions for a new web-based collections system for credit unions on Allied’s CenterPoint site.

SAN DIEGO – San Diego County CU said same-day bill payments are now available through its online bill payment solution, Bill Payer Plus, one of the first financial institutions to offer the service.

The top South Korean financial regulator plans to restrict credit card issuance and curtail issuers’ marketing budgets to combat growing household debt in that country.

Abu Dhabi Commercial Bank Ltd. last week announced a free mobile-payment service that will enable its customers to make small-ticket purchases at merchant locations within the United Arab Emirates.

Bling Nation, the mobile payments and loyalty company, has shut down its service in a move it insists is only temporary.

NEW ORLEANS — Banks intent on bringing mobile payments to a wide swath of customers will soon have to make difficult decisions about devices, partnerships, vendor management and employee training.

MOUNTAIN VIEW, Calif. – Intuit Financial Services has introduced a mobile banking application Intuit said makes it easier for Android smartphone users to manage finances from their mobile devices.

PHILADELPHIA – VINtek, a provider of automotive collateral management, electronic lien and title services, announced that its www.TitleMyCar.com consumer auto finance Web portal is now compatible with the Apple iPhone and iPad.

First Data Corp. will play several key roles in the launch of Google Wallet, and while analysts applaud the firm’s opportunity to capitalize on mobile payments’ growth, they note certain risks and uncertainties the company faces venturing into new territory.

Regions Financial Corp. used to have credit cards in name only. Now, the Birmingham, Ala., bank is going all in.

About 200 banks and credit unions are using Fiserv Inc.'s Mobile Money software, more than double the number that were live with the service a year ago, the Brookfield, Wis., vendor said June 6.

Most credit card industry professionals believe social media will become a “significant factor” in customer service, with Twitter and Facebook outpacing blogs as the most popular methods for card brands to connect with consumers, suggest the results of a survey Firstsource Solutions conducted recently.

Linking online bill pay to a bank’s rewards program is one way financial institutions could revitalize their customers’ use of online banking, suggests a new report.

Mobile banking and payments provider Clairmail Inc. has hired a new chief financial officer and a new chief technology officer.

WAUSAU. Wis. – Connexus CU has signed with CarQuotes.com online car buying service to provide members and potential members the ability to search for new or used vehicles, compare vehicles, get quotes, and find the latest information on rebates and incentives.