PALO ALTO, Calif. – Addison Avenue FCU said it is using an online security system provided by Websense to protect its systems from malware, viruses, spam and other threats that may be picked up from social media sites.

Consumers shed $4.2 billion in credit card debt in January, erasing the previous month’s uptick that likely was caused by relatively robust holiday credit card spending, according to data the Federal Reserve Board released March 7.

Customers of Singapore Airlines Ltd. now may pay for their flights using their PayPal Inc. accounts, according to the Singapore-based airline.

Citizens in the Indian state of Punjab may pay their electricity bills online using bankcards under a new service the Punjab State Power Corp. launched on March 1.

Consumers shed $4.2 billion in credit card debt in January, erasing the previous month’s uptick that likely was caused by relatively robust holiday credit card spending, according to data the Federal Reserve Board released Monday.

CINCINNATI – Fifth Third Processing Solutions, which processes accounts for more than 1,000 credit union, said this morning it is introducing its own version of a mobile deposits solution, with 3i Infotech. The new solution, known as 3i Infotech eCapture mobile check deposit will allow credit union members to deposit paper checks anytime, anywhere by taking photos of the checks via their smartphones and submitting them through a secure electronic application provided by 3i Infotech. Fifth Third Processing and 3i Infotech will deliver the eCapture mobile check deposit solution to Fifth Third Processing’s customers via a software-as-a-service (SaaS) model. 3i Infotech provides the application, updates core banking systems and validates check images for Check 21 compliance using Mitek Systems' mobile IMagePROVE technology. Fifth Third Processing Solutions will integrate with its processing systems and thereby allow customers to get up and running quickly with minimal financial and technology investment. The initiative will begin with a pilot program involving Town and County Bank, based in Salem, Missouri. CINCINNATI – Fifth Third Processing Solutions, which processes accounts for more than 1,000 credit union, said this morning it is introducing its own version of a mobile deposits solution, with 3i Infotech.

CashEdge Inc. has landed Huntington National Bank as a customer for its person-to-person payments software, the New York-based vendor announced March 7.

American Express Co. cardholders that attend the South by Southwest Interactive music festival in Austin, Texas, later this week will be able to secure merchant discounts with their cards through Foursquare Labs Inc., the location-based mobile system that rewards consumers for using its service. Media reports say the two companies are piloting the system with 60 merchants at the festival and are offering a “spend $5, save $5” promotion.

LAS VEGAS-Criminals target ATMs for one simple reason-they contain cash. But there are a seemingly endless number of methods to try to steal this cash, according to Peter Kulik, VP of product management for Fifth Third Processing Solutions.

LAS VEGAS-There are never ending waves of fraud crashing on financial institutions, so credit unions must be constantly updating their knowledge base-and educating their members-to keep up.

LAS VEGAS-Credit Union Journal asked attendees of NAFCU's Technology & Security Conference here where their CUs will be investing their technology dollars in 2011, and why.

LAS VEGAS-A glance at fraud statistics would seem to yield an obvious solution: the United States needs to catch up with the rest of the world and upgrade old-school magnetic stripe cards to modern chip and PIN models.

The number of personal bankruptcy filings rose 11% to 102,686 in February compared to a month earlier, according to the American Bankruptcy Institute and the National Bankruptcy Research Center, but so far the rise has slowed from 2010.

Secure Vault Payments, NACHA’s alternative payment system that enables consumers to make online purchases directly from their bank accounts, may gain new prominence from a test it is running with a sizeable client.

MUMBAI, INDIA–A company that enables India’s banking customers to conduct instant interbank mobile funds transfers is planning to extend the service to enable them to also pay for purchases at merchant locations, the firm’s chief executive told PaymentsSource here March 3 at a technology summit organized by the Indian Banks’ Association.

Tee-On Golf System Inc.’s announced partnership earlier this week with Yespay International Ltd. will enable Canadian golf courses using Tee-On’s tee-time booking software to accept EMV chip-and-PIN payment cards, according to London-based Yespay.

Asset Acceptance Capital Corp., which buys defaulted consumer debt from credit card issuers and other lenders, on March 3 reported total revenue of $47.5 million for the fourth quarter ended Dec. 31, up 154% from $18.7 million a year earlier. The company’s net loss dropped 65.3%, to 7 million from $20.2 million.

SAN ANTONIO – Firstmark CU yesterday rolled out its latest mobile platform, the Firstmark Android Application.

DES MOINES, Iowa – Premier CU announced yesterday it will add online, mobile and social payments platform Dwolla to its existing member services.

It's a bit of news some might describe as too good to be true. A Javelin Strategy & Research survey of consumers found that the number of identity fraud victims fell 28% last year from about 11 million to eight million and total annual fraud decreased 34% from $56 billion to $37 billion.