U.S. merchants now may process magnetic stripe, e-commerce and EMV chip-and-PIN payments using Yespay International Ltd.’s cross-border payment service, the London-based company announced on May 4.

The Reserve Bank of India has increased the deposit limits for mobile wallets in that country to 50,000 rupees (US$1,112 or 762 euros) from 5,000 rupees previously, according to a notification it sent to all banks and operators on May 4.

The National Payments Corp. of India has received permission to expand the scope of its interbank mobile funds-transfer service to include payments, the authority announced May 5.

A new payment card allows users to see their balances right away with the technology they already have — no chips, fancy apps or even bookmarked mobile websites required.

CashEdge Inc. has developed a version of its bank-focused person-to-person payments service for prepaid card companies.

Person-to-person payment is expected to be one of the big next deployments for mobile financial services, and ING Direct is an early adopter of the latest incarnation of the technology, becoming the first major financial institution to enable U.S. customers with iPhones to use them to send money to one another.

ATLANTA, Ga. – Associated CU has added EZDeposit to its suite of online banking services, enabling home or office users to deposit checks remotely using a scanner.

PEORIA, Ill. – CEFCU has licensed online and mobile banking, new account opening, and out-of-band authentication solutions from S1 Corp.

WHITEFISH, Mont. – Whitefish CU said yesterday it signed with Safe Systems to implement the company’s IT management solution, NetComply, as well as supplementary products to generate institution-wide efficiencies and cost savings.

Mobile users in India now have the ability to purchase tickets to the cricket Indian Premier League and movie theaters using Suvidha Starnet Pvt Ltd’s mobile-payment service.

The Central Bank of Afghanistan on April 25 granted the country’s first Electronic Money Institution license to M-Paisa, the first mobile funds-transfer service to operate in the country.

CHICAGO–A day after the Wall Street Journal reported Isis was changing its business model by working with other established payments organizations, an executive for the organization told a panel here at the Smart Card Alliance’s annual conference nothing had changed.

Merchant e-Solutions Inc. is rolling out a suite of mobile-payment applications on its new PayEverywhere platform, the company announced May 5

For all the talk about the upcoming NFC-driven mobile payments revolution at the point of sale, new research from Oracle is throwing some cold water on the hype.

MECHANICSBURG, Penn. – Members 1st FCU said yesterday it has replaced its existing e-mail security solution with ZixCorp Email Encryption Services.

Ontario Systems has hired Rozanne Andersen as vice president, compliance and government affairs, effective May 9. Andersen will be Ontario’s in-house legal and compliance expert.

The Federal Trade Commission, in testimony before the House Committee on Energy and Commerce, on Wednesday, recommended that Congress pass legislation requiring companies to implement "reasonable security policies and procedures" and to notify consumers when there is a security breach.

Citing convenience and low interest rates, many credit cardholders prefer to leave a balance on one or more credit cards and accept revolving as a way of life, and this is helping issuers to generate more interest income, new research suggests.

UC Mobile Corp. has entered China’s mobile-payments market in partnership with Alipay, the country’s largest independent online-payment platform based on transaction volume, the company announced April 21.

CHICAGO—At least one industry observer believes increasing contactless-payment adoption could help the United States to migrate to EMV chip-and-PIN technology and eventually to widespread mobile payments.