TAMPA, Fla. – GTE FCU announced yesterday it has signed with PSCU Financial Services to convert to PSCU’s eBanking platform, which offers integrated online, mobile and voice channels.

GERMANTOWN, Md. – Montgomery County FCU said yesterday it signed with Intuit Financial Services to install the company’s text message banking, mobile Web browser banking and an iPhone applications.

In a move backing its plan to showcase mobile payments at the London Summer Olympics and Paralympics Games in 2012, Visa Inc. says it will roll out a Near Field Communication-based mobile phone for payments linked to prepaid accounts from British bank Lloyds TSB.

To speed up checkout times for small-ticket transactions, a pilot under way at Australian retail chain Coles Supermarkets is enabling holders of EMV Chip-and-PIN credit cards to make purchases without having to enter a PIN.

EMerchants Ltd. on May 20 won a three-year contract to provide prepaid cards for Telechoice, the largest dealer for mobile operator Optus Ltd. in Australia.

PNC Financial Services Group Inc. is opening 6,000 new Virtual Wallet accounts per week, the Pittsburgh banking company's chairman and chief executive James Rohr said June 3.

Google Inc. isn't asking for a share of the payments revenue generated with its new mobile wallet. Nevertheless, partnering with the search engine juggernaut could be a trade-off for banks.

SAN DIEGO – Mitek Systems said this morning it has been granted four new patents from the U.S. Patent and Trademark Office for its popular “Point, Shoot and Deposit” mobile deposit technology.

U.S. consumers filed an estimated 568 lawsuits against collection agencies and creditors between May 1-15, according to statistics from U.S. District Court branches.

With Americans increasingly concerned about the outlook for jobs and the economy, U.S. consumer confidence fell to a six-month low in May, according to The Conference Board's confidence index.

PayPal Inc. is ending its relationship with a unit of the Chinese e-commerce giant Alibaba Group Ltd., the eBay Inc. subsidiary said June 3 in a blog post.

Lending Club Corp. has hired Chaomei Chen, a former JPMorgan Chase & Co. executive, as the peer-to-peer loan facilitator's chief risk officer.

The freeze in consumer credit showed another major crack in the first quarter.

Financial Institutions around the country are blocking thousands of debit cards as they struggle to contain the latest nationwide data breach at Michaels Stores.

HOUSTON – Smart Financial CU launched a new mobile banking platform that allows members secure, easy access to account information from a variety of mobile devices and smart phones.

VeriFone Systems Inc. on June 2 reported a 24.8% rise in second quarter net income, to $25.2 million from $20.2 million the same period a year earlier. Net revenue rose 21.5%, to $292.4 million in the quarter ended April 30 from $$240.7 million.

Merchants that want to accept payments from Google Inc.’s mobile wallet must go through a few more steps than simply enabling customers to “tap and pay.”

IRMO, S.C. – Palmetto Cooperative Services announced this morning it plans to consolidate its item processing operations with Cooperative Services, Inc., to create a processor serving more than 600 credit unions and banks in 20 states that will be known as PCSi.

Credit card issuers and other lenders’ attention to alternative credit-scoring data–information not provided by the three major bureaus–has intensified after the financial crisis spotlighted what some have called an over-reliance on traditional credit scores. A few are finally going the extra step and openly using this data.

Legislation aimed at stopping the government from asking disaster victims to pay back millions of dollars in improper aid payments has received committee approval and been sent to the Senate.