Investor's Business Daily reports on how banks are seeking a balance between convenience and cost when it comes to strengthening logon and transaction security. "As most people now have cell phones, financial firms are also considering simply sending users one-time pass codes by text message or automated phone call, eliminating the need for tokens. Passcode generators can also be built into cell phone handsets."

Purepay, a $100 million buyout fund focused on payments, banking and the financial supply chain, announced today that it has acquired Creditron, a Toronto-based remittance software provider focused primarily on middle market commercial customers in the U.S. and Canada. Creditron's existing management team will continue to direct the company on a day-to-day basis.

• Lawsuit Says Apple Store Receipts Raise Risk of Identity Theft
• Merchant e-Solutions Expands Payment Gateway to Support PIN-Based Debit