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Byline: Steve Bills Citigroup Inc. announced Thursday that it has integrated credit card account information into its downloadable Citi Mobile application for the Apple Inc. iPhone. Citi said the card [...]

Byline: Steve Bills JPMorgan Chase & Co., already a dominant provider of payment automation services for large corporate clients, is trying to extend its reach to smaller companies. The New [...]

Monitise PLC, the British mobile banking vendor, says it plans a broader push next year into mobile retailing, initially in the United Kingdom, then across Europe and in the United [...]

By letting businesses pay each other with card accounts, Bank of New York Mellon Corp. says it can profitably ease the inherent tension between suppliers, which want to be paid [...]

Co-op Financial Services announced a partnership Monday with the automated teller machine maker NCR Corp. to offer a suite of managed services to credit unions that want to outsource their [...]

Anticipating a surge in 'native electronic payments,' The Clearing House Payments Co. LLC is pursuing a sweeping reorganization and finally shutting the door for good on its original business - [...]

The global financial cooperative Swift announced Tuesday that Union Credit Bankin Miami is using its Alliance Lite service to connect to SwiftNet. The low-cost connection, which employs Swift security credentials [...]

Northern Trust Corp. plans to introduce a mobile banking application next year for institutional money managers and their clients. The application, which is being developed in-house, first for the Apple [...]

Byline: Will Wade and Steve Bills Mobile transfers, long considered a cool concept with few real-world applications, may be the elusive key to reaching Gen Y depositors. These services, which [...]

Fair Isaac Corp. has named MicroBilt Corp. the exclusive licensee of its FICO Expansion score for thin-file credit applicants. The Minneapolis company's model is designed for the estimated 50 million [...]

Banks all over the world offer financial services through mobile phones, but few have taken the concept as far as Jibun Bank. The Japanese financial company has designed its services [...]

The online billing specialist Internet Payment Exchange announced an alliance Monday with Accelerated Revenue Management Inc. of Ventura, Calif., which does business as ARM Solutions, to offer 'soft collection capabilities' [...]

Western Union Co. announced Friday that it had won a $16.5 million jury verdict against its chief rival, MoneyGram International Inc., for infringing a patent on money transfers initiated by [...]

The Image Industry Interoperability Group has announced that the Federal Reserve Banks this week started a Check 21 Duplicate Notification Service for financial companies using its FedMail service. More than [...]

Banking technology executives have been promoting for years an advanced systems-design format that they say offers a wide range of advantages but has been used mainly for small, discrete projects. [...]

Byline: Steve Bills, American Banker Banks are still doing more talking about new technology than buying it, forcing large vendors to rely on existing work to sustain financial performance. 'Although [...]

Byline: Steve Bills MasterCard Inc. is expanding its corporate travel and expense management business with an eye toward stealing share from market leader American Express Co. Working with Bank of [...]

Wal-Mart Stores Inc. says it plans to step up the marketing of its financial services offerings as it rounds out its suite of services. 'We believe awareness among our own [...]

Jack Henry & Associates Inc. expects its deal for Goldleaf Financial Solutions Inc. to contribute 2 to 4 cents per share to its earnings in fiscal 2010 and twice as [...]

Doing just one thing well is no longer good enough for payments processors serving community banks. That was the thinking behind Jack Henry & Associates Inc.'s dealto buyGoldleaf Financial Solutions [...]

MoneyGram International Inc. reported a net loss Thursday of $3.3 million for the second quarter, compared with net income of $15.2 million a year earlier. The Minneapolis money transfer company [...]

A group of large prime brokerage banks are trying to reduce their costs and risks in foreign exchange settlement by standardizing the processes of clearing high-velocity trades for hedge funds [...]

Revenue from Western Union Co.'s consumer remittance business fell in the second quarter as the company stepped up its efforts to form more bank partnerships. Christina Gold, Western Union's president [...]

Viewpointe LLC has extended its services contract with International Business Machines Corp. for an additional five years. Under the deal, the Armonk, N.Y., technology company is to manage greater portions [...]

As banks continue to push corporate clients to handle payments electronically, they are showing less interest in processing paper checks and invoices at lockbox facilities. Bankers say that offering electronic [...]

Citigroup Inc. has become the first banking company to cross-certify its identity management system with the CertiPath information-sharing bridge serving the aerospace and defense industry, CertiPath LLC plans to announce [...]

A pair of vendors has announced alliances for offering remote deposit capture services to their business customers. Jack Henry & Associates Inc. said Wednesday that it would work with Pitney [...]

Bank of New York Mellon Corp. is pressing its case for a bank-centric approach to offering remittance services to immigrants. The company said Monday that the $8.5 billion-asset First Midwest [...]

Citigroup Inc. is offering a mobile version of a foreign exchange trading service for currency traders. The New York company announced the availability of CitiFX Pro Mobile, which uses the [...]

The hedge fund firm Tennenbaum Capital Partners LLC has prevailed in its proxy fight with Online Resources Corp. by getting three new directors elected to the Chantilly, Va., Internet banking [...]

American Express Co. is eliminating paper statements to potentially millions of corporate cardholders, whether they like it or not. Banks and billers have been encouraging customers for years to get [...]

The Bancorp Inc. announced Wednesday that its Bancorp Bank unit will offer multicurrency products and services to its merchants and third-party servicers in the U.S. payments market through an agreement [...]

Metavante Technologies Inc. plans to offer a variety of payment services to PayPal Inc. through an alliance announced Tuesday. Metavante said its Link2Gov Corp. is now offering PayPal's Bill Me [...]

Citigroup Inc. is preparing to revamp its cash management technology to capitalize on corporate customers' growing interest in tools to manage their finances. Executives of the troubled financial company say [...]

American Express Co. hopes to gain a larger role in shaping the direction of international card payments by taking a25% ownership position in the global standards body EMVCo LLC. The [...]

The city of Harrah, Okla., announced Friday that residents and businesses can now pay bills, fees, and fines using the municipal Web site. 'We are very optimistic that adding online [...]

Pulse Network LLC, a Houston debit unit of Discover Financial Services,said it has signed long-term renewals with two Wisconsin financial companies that use the debit network. Park Bank, a $762 [...]

Alliance Financial Services Inc. of St. Paul has promoted Cindy Cole to chief information officer of its $701 million-asset unit Alliance Bank of Lake City, Minn. Ms. Cole, whose promotion [...]

The newly installed management team at MoneyGram International Inc. plans to improve the integration of its online and walk-in businesses while riding out the economic storm. 'Like any company around [...]

Planet Payment Inc. says it hopes the global financial downturn will increase demand for its multicurrency payment service. 'Present economic conditions, as bad as they are, are to some extent [...]

Last year image exchange volume rose 97% from 2007, to a record 5.6 billion check images, The Clearing House Payments Co. LLC of New York said Thursday. The 2007 growth [...]

The person-to-person mobile payment company Obopay Inc. says it can help banks attract deposits through social networking Web sites such as Facebook. The Redwood City, Calif., company introduced Tuesday a [...]

The fledgling alternative payment network operator Bling Nation Ltd. said Wednesday that it has hired Daniel Rogers, aveteran banker, as its chief financial officer. Mr. Rogers was most recently the [...]

Now that it has sold its small core processing and teller automation business to another technology vendor, Goldleaf Financial Solutions Inc. plans to step up marketing of its integrated payment [...]

HSBC Holdings PLC is using a phone authentication system from the Chicago security technology vendor Authentify Inc. to protect online and remote transactions from fraud. The 'out-of-band' system requires details [...]

Bankers and technology vendors are rethinking their approach to delivering financial services through mobile phones. The early thinking focused on creating a single application with many capabilities, much like an [...]

The Chantilly, Va., Internet banking outsourcer Online Resources Corp. says it expects to report a first-quarter loss of 9 to 12 cents a share, but its results should improve later [...]

Crescent Financial Corp. has agreed to convert its core processing system to one hosted by Metavante Technologies Inc., the Milwaukee vendor announced Monday. The $956 million-asset banking company in Cary, [...]

ORLANDO - Most mobile banking services use browsers and specialized software available for high-end phones, but several financial companies are turning their attention to the basic text message. Advocates of [...]

With the volume of check images accelerating, and the number of transit checks expected to fall sharply in the wake of this year's acquisition wave, some payments executives say the [...]