Despite their exemption from the Federal Reserve Board’s proposed cap on debit card fees, small banks and credit unions are hesitant to spend big money on payments technology until more details are available, according to vendor Jack Henry & Associates Inc.

In the mobile banking business, a one-size-fits-all approach just doesn't cut it, as Firethorn Holdings LLC found out.

NEW YORK – Viewpointe, one of the main check and image exchange networks, on Tuesday rolled out a new service for digital storage and records management called OnPointe.

SAN FRANCISCO – mFoundry yesterday launched mDeposit Express, a standalone mobile deposit capture solution that banks and credit unions can use to provide customers with an immediate mobile deposit solution, regardless of their current mobile banking platform.

Consumers between the ages of 18 and 34 are driving up debit card use to control spending, though older Baby Boomers continue to rely on credit cards for most purchases, new research suggests.

SafetyPay Inc. will provide JetPay LLC with a worldwide payment platform that provides additional value and access to a suite of alternative payment options, Coy Lynch, JetPay vice president, noted in Feb. 1 press release announcing the companies’ partnership.

Some large banks are starting to ease underwriting standards on U.S. consumer credit card applications, according to survey data the Federal Reserve Board released Jan. 31.

CIBC has become Canada’s latest issuer of PayPass-enabled MasterCard credit cards, the issuer and card brand announced Feb. 1.

PayPal Inc. last week released a new set of changes in its user agreement for Indian customers in a move one observer says helps the company avoid Reserve Bank of India scrutiny.

Consumers "like" rock bands and clothing brands on Facebook. A loyalty rewards startup expects that they will also "like" their banks in exchange for discounts on purchases.

An underdeveloped, diverse and fragmented Indian payments market represents an opportunity for companies to help bring stability to that market, a new report from Mercator Advisory Group suggests.

WEST JORDAN, Utah – Mountain America CU has replaced its electronic signature offering with CIC’s newly released SignatureOne Console.

Despite the hype surrounding mobile applications for redeeming loyalty program points, consumers still would prefer one consolidated loyalty card they can attach to their keychain, according to a recent survey by ACI Worldwide Inc.

A government-appointed committee in India is proposing new mobile-banking guidelines to bring financial services to unbanked and underbanked individuals.

That Apple Inc. is targeting mobile payments is a foregone conclusion, but that doesn't mean banks must take a defensive approach.

A continued decline in credit card charge-offs indicates “the bleeding has stopped” from loans that went into default during the recession, but card lending is likely to remain sluggish in the near term, one analyst contends.

Various terminal makers have come out with their own devices and services designed to support payment card acceptance using mobile phones. But one independent sales organization has decided to do so on its own, and at least one observer says the company could succeed with the proper marketing.

Verizon Wireless is working with two mobile payment companies to allow its customers to charge digital content purchases to phone bills.

TMG Financial Services said it experienced credit card portfolio growth last year, both organically and through portfolio purchases.

Barclaycard and wireless-network operator Everything Everywhere Ltd. this summer plan to launch the United Kingdom’s first contactless mobile-payment system, the companies announced Jan. 27.