WARRENVILLE, Ill. – Members United Corporate FCU said yesterday it is shifting to a new global payments service from Travelex.

Despite rising concern in some sectors about a second economic downturn taking hold this year, it is unlikely that a so-called “double-dip recession” would cause credit card charge-off rates to spike again, Moody’s Investors Service notes in a July 26 report.

EMV payments are continuing to grow in a variety of venues in Europe, the latest rollout being a deal to supply 1,600 Hypercom Optimum M4100 EMV mobile payment terminals to taxi cabs in Stockholm.

Citizens in the state of Maharashtra in India now may pay their electricity bills online, according to an official from the state’s electricity board.

Convoke Systems, an information management software company serving the collection industry, secured a $5.5 million Series B round of financing led by Flybridge Capital Partners and QED Investors.

VERNON HILLS, Ill.-Members of Baxter Credit Union are raring to bank on the go-nearly 15% of all online members actively use mobile banking. But that remarkable usage is just a whisper of what will become a roar, according to Jeff Johnson, SVP-CIO of IT at the CU.

RALEIGH, N.C.-Although SECU pays relatively little to offer bill pay to members, SVP E-Services Rick Rhoads said he is disappointed with adoption rates. About 15% of members with checking accounts use bill pay, he said.

RALEIGH, N.C.-Most credit unions pay through the nose to offer electronic bill pay to members-often from $4 to $6 per member per month. State Employees' CU (SECU) here pays $2 per member per month, according to Rick Rhoads, SVP, e-services at the CU.

ST. LOUIS-Doug Varble, North American VP, Compass Plus, offered three top strategies for driving mobile banking adoption to a broader base of members.

LARGO, Md.-Money One FCU here looks differently at disaster recovery these days: the $99-million CU is focused on serving the member during a disaster, not simply recovering systems afterwards.

VERNON HILLS, Ill.-Baxter CU's efforts to push offline Puerto Rican members to mobile banking are spot on, according to recent research by Fiserv. Members who don't use Internet banking are costly to serve, said the research, "Mobile Banking Among Offline Consumers."

JERSEY CITY, N.J.-Interest in mobile business banking is growing, fraud monitoring is biggest challenge in payment processing and the usefulness of social networking in business banking remains undecided.

BATON ROUGE, La.-An automatic alert helped Neighbors FCU here catch a check kiter in the middle of a $145,000 scheme last year.

NAPANOCH, N.Y.-Eastern New York FCU here is grabbing about 15 loans per month from competitors thanks to a tool that instantly delivers free credit reports and potential rates savings to prospective members at the credit union website.

CAMP PENDLETON, Calif.-Mobile banking transactions cost less than transactions at every other channel, according to mobile vendors and analysts, but credit unions that offer mobile banking can't confirm that claim.

CreditCall Ltd. is developing a mobile-payment application to enable merchants to accept secure chip-and-PIN transactions on Blackberry and other smart phones, the United Kingdom-based payment processor announced last week.

SAN DIEGO – San Diego County CU has become one of the first financial institutions to implement Fiserv’s new ZashPay person-to-person payments service, which allows users to send or receive money using their existing online accounts.

With another strong quarter under its belt, EBay Inc. plans to position its payment unit, made up of PayPal Inc. and Bill Me Later, as a global leader in online payments and to expand its presence across Asia, John Donahoe, eBay president and CEO, told analysts July 21 during a conference call to discuss second-quarter earnings.

SCHAUMBURG, ILL.–Square Inc., a startup company offering mobile point-of-sale payment-acceptance services, is willing to talk to merchant services sales agents and other distributors, but just not yet, according to the company’s CEO.

There are no sure bets. Global regulators' wager that higher risk-based capital requirements will make the banking system safer is no exception.