Bank of America Corp., Wells Fargo & Co. and JPMorgan Chase & Co. plan to debut a person-to-person payments service on Wednesday that lets customers send money to each other with an email address or mobile phone number, the Wall Street Journal reported Tuesday.

Square Inc. faces a new cast of challengers in its plan to spark consumer adoption of mobile payments after muting many critics of its merchant technology.

Higher fuel and food prices in April led to a cooling in consumer spending, according to economists surveyed by Bloomberg News ahead of a U.S. Commerce Department report set for release on Friday.

DULUTH, Ga. – VSoft, the provider of the popular remote deposit capture technology, announced this morning it is partnering with Mitek Systems to provide Mitek’s patented Mobile Deposit to financial institutions leveraging VSoft’s Agile Mobile Capture solution.

As consumers become more comfortable with such technologies as unlocking a car from inside the house to recording movies remotely they are becoming more interested in using mobile phones for payments, survey data from MasterCard Worldwide suggest.

Square Inc. is expanding beyond mobile card acceptance with a new service that allows consumers to initiate payments through its application.

Bank skepticism of the Isis mobile payments joint venture was high when the wireless carriers leading the initiative announced its formation last fall, but Isis says it has calmed early suspicions and now is working closely with major banks and payments companies.

Barclaycard and wireless-network operator Everything Everywhere Ltd. on May 19 officially launched the United Kingdom’s first contactless mobile-payment system, which uses a pay-as-you-go handset from Samsung Group. But its success could hinge on merchant acceptance of the technology continuing to grow.

SALEM, Ore.-Oregon Employees FCU here is the first credit union to give members a free online file cabinet that they can use to store any electronic document for life.

SEATTLE-Salal Credit Union here wants foursquare and Yelp users to "check-in" to a branch, then check out the CU's free checking accounts.

LIVE OAK, Texas-Randolph-Brooks FCU (RBFCU) here used foursquare to spark donations to United Way in January, said Natalie Tate, public relations director at the $4.2-billion CU.

HUNTSVILLE, Ala.-Solving a core-system problem may be as easy as downloading an app created by a fellow Open Solutions client, according to Redstone FCU here, one of the first credit unions to develop applications for the core provider's new DNAappstore.

LATHAM, N.Y.-Rubber duckies wearing eye-patches hurl themselves at angry pirate monkeys in "Duck Pirates," the first Android and iPhone video game created by a credit union.

AUSTIN, Texas-There's a new player in the mobile banking game, but credit unions may well recognize some of the founders of the just-launched FI-MOBILE, Inc.

MULBERRY, Fla.-Magnify Credit Union's new origination system makes faster, higher quality consumer loans and cross-sales-at a fraction of the cost of previous technology.

LARAMIE, Wyo.-UniWyo CU here can't decide what's best about its new personal financial management (PFM) software: that PFM offers members the best in online money management, or that the CU's core vendor delivers the software integrated with the data processing and Internet banking platforms.

Danal Inc.'s BilltoMobile is launching a payment service for e-commerce sites to route payments through the phone bills of more than 200 mobile carriers across 60 countries.

The Central Bank of Nigeria will not extend the operational deadline for a second time for the 16 companies it has granted in-principle approval to offer mobile payments in Nigeria to prove their worthiness of a license to provide those services.

PayPal Inc. is now connected to Microsoft Corp.’s Xbox 360 game consoles, a move that could spur growth in digital-game sales similar to what PayPal did for parent eBay Inc.’s marketplace a decade ago.

In concert with the release of new data indicating 40% of all payment cards and 71% of terminals worldwide now support the EMV standard, EMVCo LLC, the organization managing the EMV specifications, on May 20 released a new guide to help expand adoption of the chip-and-PIN technology.