Bank of America has announced a new security feature for its online banking service called SafePass™ that the bank says "provides customers with an extra layer of protection against unauthorized transactions." According to the bank, "SafePass delivers a one-time-use six digit code as a text message to consumers' mobile devices that they can use to authorize their most sensitive online transactions. As an additional security measure, the code expires as soon as it is used or within 10 minutes after it is issued."   » Continue Reading

YeePay has announced that it has partnered with EachNet to provide payment solutions for its newly re-launched consumer-to-consumer online marketplace. According to YeePay, "as the sole payment provider working with EachNet, YeePay manages the money flows for EachNet's escrow payment service, which allows buyers and sellers to send and receive payments. YeePay also provides user identity verification service for EachNet."   » Continue Reading

Yodlee has announced the general availability of a new, end-to-end online payment solution called Yodlee BillPay PayItAll™ - calling it "a complete, next generation online bill pay offering that will enable financial institutions to dramatically lower bill pay solution, processing and related expenses, generate new revenue and significantly improve the customer experience."   » Continue Reading

Firethorn and CheckFree have announced that "Ogden, Utah- based America First Credit Union, one of the nation's 10 largest credit unions, will offer the Firethorn mobile banking solution to its 432,000 members."   » Continue Reading

The Smart Card Alliance has published a new white paper titled "Mobile Payments: Leveraging NFC and the Contactless Financial Payments Infrastructure" that concludes that "proximity mobile payment – because it leverages the well-established infrastructure of the financial payments industry, and because it is based on Near Field Communication (NFC) technology and the ISO/IEC 14443 standard – will become the mobile payment technology of choice for consumers using mobile phones for retail payment transactions in the United States."   » Continue Reading

Henry Sender reports for the Wall St. Journal on negotiations between KKR and its banks regarding the debt necessary to complete KKR's acquisition of First Data Corp. According to Sender, "KKR has blinked" and appears willing to make concessions regarding the terms of the debt financing for FDC.

Journeypay Limited, a transport payments specialist, Lloyds TSB Cardnet, and Planet Payment have announced the nationwide launch in the UK of a new mobile commerce solution for the transport sector called Journeypay BuyVoice, a fully managed, turnkey mobile payment application that allows taxi drivers to accept Visa, MasterCard, Maestro and American Express cards for payment of fares using only their mobile phones.   » Continue Reading

• U.S. Bank’s Check Cashing Program Expands to Denver
• Mercator Advisory Group: Non-Prime Issuing Opportunities: Setting Multiple Bars for Diverse Segments
• comScore/Forrester Study Reveals That Half of Online Financial Application Abandoners Had No Intention of Completing Application
• mChek to receive PCI-DSS 1.1 certification
• Laru Corporation Partners with Western Payments Alliance to Provide ACH Risk and Compliance System
• ACI and IBM Collaborate to Support Core Payment Systems Refresh
• Fifth Third Bank Leverages New S1 Enterprise Trade Service Solution
• eMarketer: Texting for College Students' Cash