A stable and growing Indian economy is helping revive credit card use, which had dropped considerably during the economic slowdown, data from India’s central bank reveal.

After testing Mocapay’s mobile-marketing consumer engagement platform in November, Dazbog Coffee now plans to use it to launch mobile marketing promotions and mobile prepaid gift cards at 21 locations in Colorado and Wyoming, Doug Dwyre, Mocapay president, tells PaymentsSource.

The proverbial battle over mobile payments has turned into a legal one.

Banks are not yet able to meet the demand for mobile check deposit, according to a Javelin Strategy and Research study released on May 24.

The emphasis on broad merchant participation at the outset of development of the Google Wallet sets it apart from certain other initiatives and could be the crucial element in driving consumer adoption, according to at least one smart card industry executive.

Charles Schwab Corp. and Fidelity Investments have rolled out mobile check deposit services to their customers.

SANTA CLARA, Calif. – Hours after Google unveiled its new eWallet payments solution yesterday PayPal greeted the unveiling with a lawsuit claiming the search-engine giant misappropriated trade secrets from PayPal's mobile-payment business.

SALEM, Ore. – CU Wireless, a CUSO owned by Maps CU, said it signed six new credit unions to its Text Banking by CU Wireless through its partnership with Financial Service Centers Cooperative’s MyCUAnywhere.

CHICAGO – Alliant CU has contracted with Hyland Software for the company’s OnBase enterprise content management system.

SUNNYVALE, Calif. – Star One CU has signed with Tyfone to deliver next generation mobile banking services to it members.

IRWINDALE, Calif. – SCE FCU said it has introduced a feature that will allow employees to access, modify and update the credit union’s website via any web browser on a PC, Mac or smartphone.

Google Inc.’s new mobile payment system puts pressure on Isis, the wireless carrier-backed joint venture trying to develop a competing system.

Sequent Software, a maker of products and services enabling Near Field Communication-based mobile payments, on May 25 announced the selection of Vivotech Inc. as its partner in developing mobile wallet-based NFC payment technology for commercial customers.

This story was updated from its original version.

Travelex Currency Services Inc., one of the few companies that offers U.S. residents cards that adhere to the EMV Integrated Circuit Card Specifications, has begun selling the cards online.

Bill.com Inc. said Wednesday that it is improving its mobile offering for small and medium-sized businesses.

The new person-to-person payments company launched by three top banks may not be a PayPal-killer, but experts say the clearXchange venture is a clear threat to the dominant bank-focused payments services.

Bank of America Corp., Wells Fargo & Co. and JPMorgan Chase & Co. on Wednesday announced the launch of clearXchange, a person-to-person payments service that will let their customers send money directly to each other using an email address or mobile phone number.

Pasadena, Calif.-based Wescom Central CU said May 25 its Wescom Resources Group has signed with PayPal to offer Person-to-Person payment services to credit unions.

PASADENA, Calif. – Wescom Central CU said this morning its Wescom Resources Group has signed with PayPal to offer Person-2-Person payment services to credit unions.