Aniruddha Ghosh writes for India's Economic Times about the work Citi India and mChek are doing in India that enables a variety of services using the mobile phone as a remote customer signature device. "To ensure security, users of such services have a unique passcode which will prevent misuse even if their phone is lost. These transactions operate on a ‘remote signature’ principle, and are validated by one-time PINs generated separately for each transaction."

Tony Russomanno reports for San Francisco's CBS5.com about Obopay - and using its person to person money transfer service instead of Western Union. Although currently US only, Russomanno reports the company plans international support for moving money.

TSYS has announced that "it has entered into an agreement and plan of distribution with Synovus, under which Synovus plans to distribute all of its shares of TSYS common stock in a spin-off to Synovus shareholders. Under the terms and conditions of the agreement, TSYS will become a fully independent company."   » Continue Reading

In a report titled "European Mobile Banking: An Inconvenient Truth", Forrester's Benjamin Ensor writes about adoption of mobile banking in Europe - saying that "although most leading European retail banks offer mobile banking services based on SMS and mobile Internet to everyone with a capable phone, only 5% of Net users use them today. Those who do tend to be young, technology-savvy males with above-average incomes who already bank online."

• Clark Howard: Credit, debit card safeguards need updating to prevent fraud