Financial institutions that are taking a “wait-and-see” approach to mobile payments risk falling behind early investors as the market begins to take shape, concludes a whitepaper from Fiserv Inc.

More than 10% of U.S. consumers had set up mobile-banking services in 2009, but a smaller proportion actually used the services, according to the Federal Reserve Bank of Boston.

A federal court in Dallas has granted motions made by Heartland Bank and KeyBank to dismiss civil suits brought against them by credit unions and banks for their involvement in the 2009 Heartland Payments Systems breach.

Estimating the growth of social media and mobile channels equals a $70 billion global opportunity across banking and other consumer-facing
 industries, IBM has formed a new consulting practice to offer navigation
 expertise for companies looking to embrace the new technologies, many of 
which are offered in some form by IBM itself.

Visa Europe’s plan to annually invest 100 million euros (US$144.2 million) into mobile payments and e-commerce illustrates that the card association views the two markets as its next major growth opportunity, observes one analyst.

Merchants have warmed up to the idea of banding together to fight fraud in recent years, and First Data Corp.’s improved fraud-detection system that anonymously shares information about the online purchases of client retailers’ customers could help to accomplish their fraud-detection needs.

DEADWOOD, S.D. – Dakota Territory FCU is now offering CO-OP Mobile to its 3,400 members, providing them with mobile banking access, no matter what type of mobile device they own.

ACA International has announced its recommendations to modernize America's collection system for Consumer Financial Protection Bureau (CFPB) consideration as it carries out its charge under the Consumer Financial Protection Act of 2010.

Potential client losses are the biggest risk Epsilon faces from a data breach that exposed customers’ e-mail addresses, the marketing firm’s parent said April 6.

Discover Financial Services is getting into the person-to-person payments game with PayPal Inc. following the recent rollout of competing services from Visa Inc. and American Express Co.

The number of Americans filing for bankruptcy dropped 6% in the first quarter of 2011 compared to the previous year, according to data from the American Bankruptcy Institute (ABI) and the National Bankruptcy Research Center.

ROCHESTER, N.Y. – Empower FCU has implemented Integrated Media Management’s TotaleAtlasWeb solution to allow members to securely access and sign documents remotely, from any location at any time.

SCHAUMBERG, Ill. – Motorola Employees CU has introduced a full suite of mobile banking services, including downloadable apps for iPhone, Android and BlackBerry, SMS Text Banking, and a universal Mobile Browser App, through a partnership between Card Services for CUs and MShift.

The mobile-payment venture Isis, formed by major U.S. wireless carriers, is shaping its first major test around a lesson banks have learned with contactless payments: to change the way consumers pay, a payment system should change the way they get to work.

With smartphones continuing to proliferate, the future of both mobile payments and retail loyalty programs may be in bringing the two applications together.

Isis, the mobile payment venture founded by AT&T Inc., Verizon Wireless and T-Mobile USA, said it is opening up its network and preparing for a pilot next year.

Federal banking regulators are set to release new guidelines Monday that they hope will restore the battered reputation of risk models - widely disparaged as a result of the financial crisis - by forcing banks to improve how they design and implement them.

Facebook Inc. and Google Inc. are poised to go head to head with established financial services companies in online payments.

Researchers say they’ve found a security hole that exposes EMV chip-and-PIN protected cards, adding wrinkle to the hot debate over the use of the security standard in the U.S.

With analysts touting mobile phones as the future of loyalty and payment card programs, several companies have launched initiatives this year to fill the growing niche. But despite their differences in delivery methods, no one technology has yet to win over another.