Mocapay Inc., a Denver-based mobile loyalty and gift card technology company, last week unveiled a platform enabling merchants to give customers a one-time authorization code to conduct point-of-sale payments from prepaid accounts using mobile handsets.

Five years ago, biometric payments seemed ready for the American mainstream. Backers predicted that financial institutions and retailers soon would use fingerprint, palm, vein, iris or facial scans to verify consumers’ identities for ATM and point-of-sale transactions.

LAS VEGAS-Spiders make their webs sticky to capture their next meal-CUs need to do the same thing with their websites.

LAS VEGAS-NAFCU Services has partnered with GeniusRocket.com, a Washington-based company that has a team of creative innovators that works for cash prizes, to create TV ads.

LAS VEGAS — Credit Union Journal asked attendees of NAFCU's Technology & Security Conference what are the biggest technology and/or security issues-both positive and negative-for their credit unions.

WARMINSTER, Penn. – Freedom CU said it is implementing mobile banking services through CO-OP Financial Services’ CO-OP Mobile.

The South Florida Regional Transportation Authority this week awarded a $15 million transit smart card contract to Cubic Transportation Systems Inc. San Diego-based Cubic will design and install the system that will be compatible with the contactless Easy Card launched in October in Miami-Dade County.

Small business owners do not expect any major improvement in the economy in the next few months, according to data from Discover Financial Services.

As alternative payment schemes continue to proliferate, some contenders this year are aiming to rise above the fray by combining fresh shortcuts to achieve the desired scale with uncommon payment technologies not easily copied by rivals.

Citigroup Inc. is evaluating a new mobile service that monitors where people do their shopping, but has no actual banking functions.

Those in the financial sector have come to a crossroads. For some, the path they were on failed them and now they are trying to keep their heads above water. For others, the fear of failure has frozen any new approaches to business.

ATLANTA – Cooperative Services, a CUSO owned by credit unions and Georgia Central CU, said it is implementing Viewpointe’s Pointe2Pointe with Internet connectivity service for check image exchange transfers.

China Unicom will officially launch its Near Field Communication service later this year in Shanghai, confirms a Shanghai-based official from the nation's second-largest mobile network carrier.

CHARLESTON, S.C. – South Carolina FCU yesterday announced it has completed the upgrade of its network infrastructure with Brocade NetIron multiprotocol label switching routers and Brocade FastIron power over Ethernet-ready switches.

NASHVILLE, Tenn. – Volunteer Corporate CU has agreed to install Viewpointe’s Pointe2Pointe with Internet connectivity service for check image exchange transfers.

PHILADELPHIA – Philadelphia FCU is the first customer of Select-A-Branch to introduce the company’s ADdirect, a direct marketing technology that allows credit unions, banks and other third-party advertisers to use SAB’s ATMs to target prospective customers through advertising.

Two companies that support online payments are getting involved with Facebook Inc. to streamline micropayments for virtual goods users purchase on the popular social networking Web site.

Identity theft and collections ranked first and second on the Federal Trade Commission's list of top complaints consumers filed with the agency in 2009.

ST. PAUL, Minn. – City & County CU revealed yesterday it has signed with Bluepoint Solutions to install the company’s point-to-point item processing suite, enterprise content management platform, receipt and transaction management tools and disaster recovery.

ST. LOUIS – Vantage CU announced yesterday it has contracted to use Geezeo’s online consumer finance platform.