On the web:

• Justice Department Seeks OK for Pact With Visa, MasterCard - Wall Street Journal
• What is NFC, and why do we care? - Engadget
• SK C&C USA, InComm Will Let Merchants Offer Mobile Payments - Bloomberg
• Citi Says Many More Customers Were Affected by Data Theft - New York Times

On the wires:

• Fifth Third Processing Solutions Changes Name to Vantiv
• First Data Rebrands UK Acquiring Business to First Data Merchant Services
• Report Says Cash is King When it Comes to Credit Card Incentives
• VoiceTrust Expands With Mobile Payments in the Middle East
• Study Finds Mobile Check Deposit Top Reason to Switch Primary Banks
• ThreatMetrix Launches New “ThreatMetrix Fraud Facts”

On the wires:

• Heartland Payment Systems Introduces the Next Generation of Its WaveRider Laundry System
• JCM Global and Techfirm Sign MOU to Bring Pay-by-Mobile Phone Technology to Bill Validators
• Mitek Systems Granted Four More Patents for Mobile Deposit
• EFT Source Introduces New Option for Instant Card Issuance
• NCR Healthcare Selects EPX As Its Preferred Payment Provider

On the web:

• Portals and Rails: Who Does What Fighting Payments Crimes? Agencies Acronyms and Roles
• American Banker: Google Wallet to Require Investments in Terminals
• Digital Transactions: Forget PayPal And Google; Acquirers Most Worried About Visa, MasterCard
• Credit Slips: Dodd-Frank Gotterdämerung: The Durbin Amendment Rollback
• Digital Money: Jamie Henry, Walmart (Podcast Interview)
• India InfoLine: PayMate powers Inter Bank Mobile Payment Services in India

mFoundry announced it has launched mDeposit Express, a "standalone mobile deposit capture solution that banks and credit unions can use to provide customers with an immediate mobile deposit solution, regardless of their current mobile banking platform."

In related mobile banking news, ClairMail announced an impressive 234% year-over-year revenue increase for 2010, along with other assorted growth statistics.

PayPal is blogging that $100,000 worth of checks have been processed in the first 36 hours by the "Add Money from Checks" capability inside the new PayPal mobile app. In related news, BankServe has announced that its mobile capture technology behind the service.

Chase quietly introduced a new version of its mobile banking app last week that supports remote deposit capture from the iPhone. Jim Bruene over at NetBanker has a write up on how it works, including some nice screen shots. The app upgrade also included mobile access to Chase's P2P payment service.

In an article titled "USAA to launch deposit app", L.A. Lorek writes for MySanAntonio.com about USAA's plans to release a new iPhone application that will allow users to take photos of the front and back of a check and deposit it electronically directly from their iPhone.

Fiserv has announced the results of recent market research that quantified the interest among banks and credit unions for mobile deposit capture and gauged their views on potential customer acceptance. Mobile deposit capture is an extension of remote deposit capture (RDC) that enables checks to be deposited anywhere via a mobile phone equipped with a camera to create and send an image of the check. READ MORE »