PEMBROKE PINES, Fla.-Credit unions have tried to drive lobby-lovers to the virtual branch for years, under the assumption that online members are the most profitable - but in six months, Power Financial CU here will have the data it needs to confirm or dispel that theory.

MUSKEGON, Mich.-Person-to-person payment services are popping up suddenly at hundreds of online and mobile banking sites, despite relatively low consumer adoption, according to a leading bill pay provider - meanwhile, a $44-million CU here has offered the service to members for more than four years.

SAN JOSE, Calif.-Conditions are perfect for an avalanche of data theft this year as hundreds of credit unions deploy mobile banking services and hackers hit mobile devices for usernames and passwords.

DAVENPORT, Iowa-As more members bank by mobile phone as well as by personal computer, Credit Union Journal asked CUs: which approach poses the greatest risk?

PORT NECHES, Texas-Mobile banking risk can be minimized: members should be reminded to use strong passwords on their mobile devices; refrain from leaving mobile devices and passwords unguarded; and be aware of the relative security of the network they use to transfer data, said Jason Duplant, marketing director at $286-million Neches FCU.

TOLEDO, Ohio-The $40-million ProMedica FCU here a has broken the shackles of a basic core system, embracing a "deluxe" data processing platform that offers all the built-in options, including mobile and Internet banking, said Rick Haas, president.

Hypercom Corp. will provide more than 12,000 PIN pads with EMV contactless card readers to European retailer Carrefour, the Scottsdale, Ariz.-based point-of-sale terminal maker announced Thursday.

The city of Jakarta soon plans to deploy a prepaid electronic-ticketing system called JakCard for its bus and train networks, an official from the Indonesian city’s transport authority tells PaymentsSource. The Jakarta Transportation Agency says it developed the contactless smart card system in collaboriation with Jakarta-based Bank DKI, bus operator BLU Transjakarta and PT KAI Commuter Jabodetabek.

Some bus passengers in the Vietnamese capital of Ho Chi Minh City soon will be able to pay their fares using a contactless smart card as part of test of the technology, an official from the city’s transport authority tells PaymentsSource.

Indian Overseas Bank has launched its first mobile ATM as part of its drive to expand access to the institution’s services, an official from the Chennai, India-based bank tells PaymentsSource.

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.