Bank of America Corp. is planning to issue contactless payment stickers to at least some of its card customers, a source familiar with the plans said.

KALAMAZOO, Mich.-A core system built to handle commercial accounts for credit unions is helping Consumers CU quickly process and profit from business loan participations as well as mortgage loan sales.

SANFORD, Maine-BSA compliance was out of reach for York County FCU here-the process was so "overwhelming" that some activities fell through the cracks, said Peggy Gilman, VP-operations at the $190-million CU.

LATHAM, N.Y.-Sunmark FCU here can offer more through its custom mobile banking product than credit unions that buy mobile banking from a vendor, according to Ryan Hickman, new media specialist at the $400-million CU.

JERICHO, N.Y.-E-mail and a competent core vendor were the only technologies that two small credit unions needed recently to ensure mergers went smoothly.

VENTURA, Calif.-Some regulatory "heaviness" was lifted off Ventura County Credit Union (VCCU) here when it turned to a third party for detailed default risk analysis on its real estate portfolio.

PLANO, Texas — Facebook, Google, microsites and mobile banking are helping to attract younger members in droves to InTouch CU here.

With sponsorship from Citigroup Inc., Billing Revolution Inc. is trying to help convert people who window-shop on their mobile phones into paying customers.

EL PASO, Texas – GECU has installed Coordinated Systems, Inc.’s Virtual Observer call recording and quality monitoring system.

Starbucks Corp. now includes PayPal Inc.’s payment system as a funding method for its mobile payment application.

Chinese banks will replace magnetic stripe cards with smart cards by 2015, according to an official from China UnionPay.

HUNTSVILLE, Ala. – DeepTarget Inc. said it has added five more credit unions to its clients roster for the company’s online marketing and delivery services.

MANHATTAN BEACH, Calif. – Kinecta FCU said yesterday it signed with Wolters Kluwer Financial Services to implement the company’s ARC Logics for Financial Services offering to proactively measure, monitor and manage risk across all of the credit union's business lines.

SAN ANTONIO – Firstmark CU said yesterday it has elected of Adobe as its provider for online business optimization software.

SOUTHFIELD, Mich. – Member Driven Technologies, a technology CUSO owned by five area credit unions, was awarded a $557,000 state tax credit by the Michigan Economic Development Corp., one of 13 awards announced yesterday.

SAN JOSE, Calif. – Technology CU has hired Herman White, Jr., former managing director and co-founder of Crossbridge Venture Partners, a $40 million venture capital fund, as senior vice president of commercial and business banking.

DES MOINES, Iowa – Dwolla, the low-cost person-to-person money transfer start-up, said yesterday that the Iowa CU League-affiliated The Members Group and Veridian CU, its partner, have agreed to invest $1 million of Series A financing.

Near Field Communication will outlast other mobile-payment technologies such as microSD cards and two-dimensional barcodes, observers contacted by PaymentsSource generally agree.

PayPal Inc.’s Oct. 26 announcement that its transactions would be integrated into VeriFone Systems Inc.’s mobile point-of-sale product after Jan. 1 is a clear sign PayPal wants to move beyond e-commerce transactions, observers say (see story).

Mobile-payments provider Zong Inc. has entered the Philippines market through partnership agreements with mobile carriers Globe Telecom Ltd. and Smart Communications Ltd., the U.S.-based company announced Nov. 17.