WEST JORDAN, Utah-CUs can kill two birds with one stone and develop a simple mobile banking application that responds like an iPhone application but works on both iPhones and iPads, according to Tony Rasmussen, SVP-eServices at MACU.

The mobile banking and payments company ClairMail Inc. said it had strong revenue growth in the second quarter.

PayPal Inc. has updated its mobile payment application for Android phones.

U.S. credit card borrowers shed $4.5 billion in debt in June, continuing the pattern of reducing overall outstanding receivables that began in the fall of 2008, according to a Federal Reserve G.19 report on consumer credit released Aug. 6.

ILoveVelvet, a New York-based payment-technology company, says its new Velvet Suite products can enable merchants to use Apple Inc.’s iPhone and iPad devices as retail point-of-sale terminals.

The Internal Revenue Service will stop notifying lenders when a filer's refund will be intercepted to pay for a government debt, according to a report in The Virginian-Pilot.

HSBC Finance Corp. has promoted Patrick “Pat” Burke to CEO of the company’s U.S. consumer finance division. Burke also serves as senior vide president and CEO of HSBC’s credit card and retail business. He succeeds Niall Booker, who was recently promoted to CEO of HSBC North America Holdings Inc.

USAA Federal Savings Bank is shifting mobile banking into high gear by offering auto loans through customers' phones.

SoundBite Communications Inc., a provider of on-demand, multi-channel proactive customer communications, announced it has been selected by two major European financial services providers to deliver proactive customer communications and is ramping two European reseller relationships.

Supported by CardSmith LLC, New England Conservatory this week launched an upgraded multiapplication campus card program that makes the campus virtually cashless, the Doylestown, Pa.-based campus card service provider announced on Aug. 2.

Turkish bank Akbank TAS is hoping to bring contactless mobile payments to its customers through a partnership agreement announced this week with Visa Europe.

Asta Funding Inc., a publicly owned debt buyer, reported net income of $3.1 million for its third quarter ended June 30 as compared to net income of $1.5 million for the year-ago period. Revenues for Q3 were $12.1 million as compared to $17.2 million in the year-ago period.

State Farm Bank is the latest financial services company to offer a remote deposit capture service to its mobile customers.

Plastyc Inc. has revamped its mobile banking website for prepaid card customers.

The Network for Electronic Transfers Singapore, commonly referred to as NETS, and telecommunication operator Nera Telecommunications Ltd. on Aug. 2 launched a contactless smart card payment system for one of Singapore’s private bus networks.

The Australian city of Melbourne on July 25 extended the use of the Myki smartcard transit system to include trams and buses, according to the Transport Ticketing Authority, which operates the contactless card program.

Owners Resource Group, a private equity firm in Austin, Texas, acquired Gila Corp., a large municipal and government debt collector through its Municipal Services Bureau arm, according to a press release.

Lockport, N.Y.-based Cornerstone Community Federal Credit Union, the largest credit union based in Western New York, has introduced a mobile banking service.

CLEARWATER, Fla. – Card Services For Credit Unions announced yesterday it has agreed to offer it credit union members a mobile banking option through MShift.

LOCKPORT, N.Y. – Cornerstone Community FCU, the largest credit union based in Western New York, has introduced a mobile banking service.