Bad loans stopped soaring at large and midsize banks last quarter, but whether the credit cycle has bottomed out or is just taking a breather may depend on the success rate for loan modifications.

VeriFone Holdings Inc.’s Payware Mobile payment software for Apple Inc.’s iPhone is available from Apple’s iTunes store, the San Jose, Calif.-based terminal maker says.

Card readers that attach to mobile phones suddenly have become a hot industry topic, and HomeATM ePayment Solutions is about to throw its own device into the mix, PaymentsSource has learned.

Gemalto NV said Tuesday that it would provide chip cards to BNP Paribas SA in France and Belgium, expanding an existing relationship.

TUKWILA, Wash. – BECU has contracted with DocuSign to deploy the company’s e-signature service within the BECU consumer lending workflow.

VIENNA, Va. – Navy FCU yesterday said it has implemented MDA MindBox’s ARTOptimize decisionmaking solution for mortgage and home equity loans.

WASHINGTON — Bankers cannot wait for interest rates to start rising before deciding how they plan to handle it, regulators, executives and others said last Friday at a conference devoted to interest rate risk.

WASHINGTON — Bankers cannot wait for interest rates to start rising before deciding how they plan to handle it, regulators, executives and others said Friday at a conference devoted to interest rate risk.

Most of us would like to believe a new, brighter day has dawned. Part of creating that reality for banks requires improving collections systems to locate troubled loans that can be prevented from hitting the default dustbin, then helping overburdened staff reach a resolution that gets the borrower paying again. There's also a bit of amnesia that has to be cured.

Smart Communications Inc. has signed a mobile-payments deal with Central Negros Electric Cooperative Inc., the Philippines-based company announced on Jan. 31.

OKLAHOMA CITY – Communication FCU yesterday said it has signed with uMonitor to implement the company’s account opening and funding solution, uOpen and uFund.

SAN DIMAS, Calif. – Christian Community CU yesterday announced it signed an agreement to implement Acumen, Fiserv’s recently introduced accounting processing platform.

VeriFone Holdings Inc.’s Payware Mobile payment software for Apple Inc.’s iPhone is now available from Apple’s iTunes store, the San Jose, Calif.-based terminal maker says.

State Bank of India plans to issue 3 million biometric cards this year as it works to comply with an Indian government mandate to bring financial services to more unbanked consumers, an official from the alternate channels department at the Mumbai-based bank tells PaymentsSource.

Chip card maker Bartronics India Ltd. has won a contract to provide cards and card readers for a smart card-based project that includes fingerprint biometrics for India's vast unbanked rural population, an official from the India-based vendor tells PaymentsSource.

WINSTON-SALEM, N.C. – Truliant FCU will introduce a new online blog today which will combine with its presence on Facebook, Twitter, YouTube and flickr for a comprehensive social media offering.

Diversified Collection Services, a Livermore, Calif. collection agency, earned $5.3 million from the state of Louisiana for working on a recent tax amnesty initiative that generated more than $460 million for the state.

The hardware works, and consumers worldwide think it's a cool idea. Still, near-field communication chips have made about zero progress morphing mobile phones into contactless payment tools.

ORLANDO, Fla. – Fairwinds CU said it has signed with eEminder to provide its members with the company’s patented solution and technology to deliver real-time interactive alerts.

U.S. card-industry players may be overestimating certain technical barriers perceived to be holding the U.S. back from adopting the EMV smart card payment standard used around the world, smart card industry executives say.