Mitek Systems which has long been offering its Mobile Capture imaging software to banks, is now expanding to cover the health care and insurance industries. Mitek has created a cloud-based mobile document capture service to allow health care and insurance institutions to use for receipt clearance and other back-office workflow functions.

appMobi is introducing cloudKey authentication solution and its immediate integration into appMobi’s 1Touch “single touch” payment system. A combination of 1Touch and cloudKey provides a secure and streamlined e-commerce experience, says the company statement.

A global money transfer company MoneyGram announced the addition of three new agents in South America to its wide network: Bancolombia in Colombia; Banco de Credito in Peru, and Banco Vision in Paraguay. With these new partners MoneyGram expands its network with 1,103 new agent locations to a total of 11,305 locations.

eBay’s online payment processor PayPal is moving offline, said Chief Executive John Donahoe in the wake of presenting quarterly results on Wednesday. "We intend to help retailers grow their businesses offline in the same way we helped merchants grow online," Donahoe said during a conference call with analysts. PayPal will be testing "point-of-sale innovation" with a major U.S. retailer by the end of this year, he added.

Mazooma announced the introduction of its new micropay-in-a-box solution that features as much as a 71% reduction in merchant fees for digital content merchants. Micropay-in-a-box solution is available for Discover’s direct merchants using the Centinel® Universal Merchant Platform through CardinalCommerce Corporation.

A provider of payment software Revo Payments announced the beta release of the first Facebook Payment Applications for some industries including Property Management, Education, Non-Profits, and B2B. Using the Revo PAAGO Facebook App customers can make online payments for Tuition, Donations, Rent, Homeowner Dues, and business invoices within Facebook. They may choose to pay by credit card, eCheck, ACH, Paypal, or Facebook Credits. Thus, the service provides users with the convenience to stay on the website of Facebook while making their payments.  

A provider of financial services technology solutions Fiserv Inc announced that it will continue offering signature and PIN debit transactions processing for 7 of the 9 banks of Heartland Financial USA Inc. Besides, these 7 banks will remain members in ACCEL/Exchange®, the PIN debit network owned and operated by Fiserv.

A provider of electronic payment solutions ElectraCard Services announced a partnership with Union Bank of Indi to provide it with an electronic internet payment gateway through electraECOMM™. electraECOMM is an online real time payment processing solution, supporting all major credit and debit cards from global payment processing networks and multiple currencies. It provides transaction acquiring and processing interfaces to Web Merchants, Customers, EFT Switches & Acquirer Networks.

Chinese Internet company Sina Corp plans to launch a virtual currency for its microblogging service Weibo in the third quarter this year in a move to monetize the platform, reports the source with the direct knowledge of the matter. Two years ago Sina launched its Weibo service which now has 140 million users. In a document released online recently, Sina detailed the use of its virtual currency, Weibi, for developers. (open.weibo.com/wiki/index.php/)

eBay Inc has agreed to purchase a provider of payments through mobile carrier billing Zong. The deal is estimated approximately at $240 million in cash. The company expects that combined with PayPal, Zong will add complementary technology and talent that help strengthen PayPal’s leadership position in mobile payments and digital goods.

An on-demand payment processor BillingTree announced about its participation at the upcoming Conferences Connect Summer School 2011 Series, it will contribute electronic billing and payment technology content to the events for top utility and energy professionals. Conferences Connect will involve conferences, webinars and courses designed specifically for electric utility and other energy industry executives. The Summer School 2011 Series is comprised of eight multi-day conferences including:

Fiserv has struck a deal to purchase person-to-person payments provider CashEdge for $465 million. Previously the two companies have been competing in the P2P payments market and have signed multiple financial institutions for their payment products: Fiserv's ZashPay and CashEdge's Popmoney. Fiserv says the acquisition of CashEdge - which employs around 300 people in New York, Silicon Valley, Chennai and Mumbai - should help it provide new capabilities such as P2P money request, and small business electronic invoicing and remittance to its customers.

An international technology provider of next generation payment solutions for financial institutions Clear2Pay has acquired a US based provider of payment test applications for core payment platforms and system capacity Lexcel Solutions.

S1 Corporation is merging with Fundtech Ltd to create a single business in transaction banking solutions industry. Based on the stock prices at market close on June 24, 2011 for both S1 and Fundtech, the merger is valued at approximately $700 million. As a part of the definitive agreement Fundtech shareholders will receive 2.72 shares of S1 common stock for each Fundtech ordinary share they own. Upon closing of the transaction, S1 shareholders will own approximately 55 percent and Fundtech shareholders approximately 45 percent of the combined company.

An online payment system AlertPay announced that now it supports bank transfer deposits for customers in Germany and bank transfer AND withdrawals for users in Switzerland and New Zealand. In order to add a bank account to AlertPay account users should follow these steps: