FREDERICK, Md. – COMSTAR FCU has implemented Financial Industry Computer Systems, Inc's., mortgage software, Mortgage Servicer, to automate and enhance the servicing of mortgages sold to Freddie Mac.

Monitise Americas LLC is planning to introduce a version of its Mobile Money application for phones that use Google Inc.'s Android operating system.

Visa Inc.’s plan to add mobile-phone payment capabilities to handsets available now could provide a shot in the arm for contactless payment.

A new regulation approved by the Financial Supervisory Service of Korea could slow domestic growth in mobile payments, an official from the regulator confirmed. Under the new policy, all transactions initiated with advanced handsets would be subject to the same security requirements that control online transactions initiated with personal computers.

A small mobile-phone Near Field Communication payment trial is under way in Slovenia designed to test consumer use of MasterCard and Maestro contactless payments, Inside Contactless announced today.

VeriFone Holdings Inc. has purchased an 8.6% stake in Trunkbow International Holdings Ltd. and has become a co-lead investor in the reverse-merger financing for the China-based mobile-payments company, the San Jose, Calif.-based point-of-sale terminal announced today. With reverse-merger financing, private companies acquire a public company.

WHITEFISH, Mont. – Whitefish CU said it has signed with Jack Henry & Associates to install the company’s Symitar core processing system.

Banks are using advanced collection systems to spot troubled loans before they go bad and to help their employees determine which borrowers might be receptive to modification offers.

Banks saw modestly better prices for troubled loans last quarter thanks to stronger demand from vulture investors, home builders and other buyers.

Ebay Inc.’s PayPal unit no longer will process personal online payments to India, the third-party payments provider said in a blog post this week.

As the head of one of the nation's largest microlenders, Gina Harman is leading the charge to expand the availability of credit to underserved communities in this country.

Visa Inc.’s announcement Monday that this summer it will expand its “No Signature Required” program for magnetic stripe card transactions less than $25 to the majority of merchants could create yet another setback for contactless-payment growth in the United States, some observers say.

Target Corp. customers now may store gift card data electronically and make payments at the point of sale using their mobile phones.

U.S. job openings rose in December to 2.5 million from 2.4 million a month earlier, and the number of unemployed workers fell 73,000 to 15.3 million, according to the Labor Department in its monthly Job Openings and Labor Turnover Survey.

Financial companies, discovering that people who bank by phone don't always bank online, are changing how they look at mobile services.

HARTFORD, Conn. – American Eagle FCU yesterday announced it has signed a multi-year agreement for its retail and business suites of customizable Internet banking, bill payment and other services.

Electronic-payment services provider Network for Electronic Transfers (Singapore) Pte. Ltd., known as NETS, has launched a mobile-payment option for its cashless-payment service iNETS, according to a company statement. The service will enable consumers in Singapore to pay bills, make purchases and book tickets using their mobile phones.

ROSEVILLE, Mich.-Account openings went through the roof at Christian Financial CU (CFCU) here after a new dashboard tool triggered fierce sales competition between employees.

TROY, Mich.-Credit unions need at least a basic computing infrastructure to benefit from iDashboards, said Dave Ferguson, the firm's director of business development.

CHICAGO-Alliant Credit Union here wants to get its hands on the latest in risk management technology-tools that pull data from every business unit at the CU and that consider the spectrum of risk, namely operational, credit and market.