LA HABRA, Calif.-South Western FCU here got two "killer" technologies for the price of one when it deployed server virtualization as part of disaster recovery technology. LA HABRA, Calif.-South Western FCU here got two "killer" technologies for the price of one when it deployed server virtualization as part of disaster recovery technology.

LAKE JACKSON, Texas-Credit unions are expanding beyond Apple's iPhone to develop mobile banking applications for other devices, in particular those running the Google Android operating system.

PORTLAND, Ore.-Mobile banking may one day be the channel of choice for members, but OnPoint Community CU here must battle infrastructure issues and perceptions of inadequate security before that happens.

LAS VEGAS-A small credit union that has been a leader in developing and rolling out its own technology solutions has some pointers for others looking to do the same.

Bank of America Corp. is collaborating with Visa Inc. and DeviceFidelity Inc. on a mobile-payment program to begin next month in New York enabling consumers’ smart phones to operate as contactless-payment devices, Visa confirms.

Apple Inc. increased speculation that it plans to develop an NFC-enabled iPhone with its hiring this month of mFoundry executive Benjamin Vigier, who has played a key role in developing mobile payment applications for PayPal Inc. and Starbucks Corp.

Mobile-marketing firm Mocapay Inc. this month announced a strategic partnership with payments processor eNational Payments with the goal of helping merchants to deliver customized coupons and other promotions to consumers via mobile handsets.

Vertifi Software, a wholly owned subsidiary of Eastern Corporate Credit Union, said it has developed a fully-featured mobile banking iPhone application for members of Randolph-Brooks FCU in Live Oak, Texas, and it is now available on the App Store.

PALO ALTO, Calif. – A new iPhone application that lets consumers rack up reward points by simply walking into stores could give banks and card issuers the foundation for a truly mobile loyalty program.

BURLINGTON, Mass. – Vertifi Software, a wholly owned subsidiary of Eastern Corporate Credit Union, said it has developed a fully-featured mobile banking iPhone application for members of Randolph-Brooks FCU in Live Oak, Texas, and it is now available on the App Store.

MasterCard Inc. Thursday fired what analysts say is the next shot in the payments industry’s battle to gain ground in the burgeoning e-commerce market with its planned $520 million purchase of DataCash Group PLC.

Checks may be getting an extended life now that financial institutions are developing and rolling out mobile remote-deposit capture technology as part of their mobile-banking applications, observers say.

MasterCard Inc. on Thursday said it agreed to buy London payments technology developer DataCash Group PLC for $520 million in a move aimed at growing its e-commerce presence.

Online Resources Corp. said it has signed up more than 40 utilities for its bill payment services in the past six months.

A new iPhone application that lets consumers rack up reward points by simply walking in to stores could give banks and card issuers the foundation for a truly mobile loyalty program.

SAN DIEGO – Mitek Systems said yesterday it has received a U.S. patent for its widely used Mobile Deposit mobile Remote Deposit Capture application.

PayPal Inc.'s next round of mobile payment features, including its rumored future as an additional payment system for Google Inc. phones, shows the strength of PayPal's mobile strategy and the weakness of Google's historical approach to payments.

Tight supply has sent prices for the freshest portfolios of charged-off consumer debts soaring in recent weeks to as much as 12 cents on the dollar.

The week after Wells Fargo & Co. announced the closing of its storefront subprime lending unit, Citigroup Inc.'s chief executive delivered an impassioned defense of keeping alive his similar operation, CitiFinancial.

The credit outlook at the top six card issuers is getting brighter, with both chargeoffs and delinquencies falling again in July.