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.

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.