Fidelity National Information Services (FIS) is to offer Obopay’s mobile person-to-person payment service to FIS’s roughly 1700 bank customers, the pair announced at BAI’s Retail Delivery show. Jacksonville, Fla.-based FIS is starting to sign up interested banks, Kishore Bayyapureddy, senior vice president of FIS told BS&T.

Franklin Bank, S.S.B., Houston, Texas, was closed today by the Texas Department of Savings and Mortgage Lending, and the Federal Deposit Insurance Corporation (FDIC) was named receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Prosperity Bank, El Campo, Texas, to assume all of the deposits, including those that exceeded the insurance limit, of Franklin Bank.

Data Security Compliance Requirements Aligned Across Visa Regions

San Francisco, CA, November 10, 2008

Visa Inc. (NYSE: V) today announced global mandates for compliance with the Payment Card Industry Data Security Standard (PCI DSS), creating a consistent framework for compliance among merchants, service providers and their agents.

Researchers at UCSD have determined the return on investment for spam generated by the Storm botnet. While the per-message response rate is astonishingly low, it is sufficient for a spammer to generate a profit.

Washington, the political part, was back room discussions and deals, where Democrats and Republicans alike did real work, away from the glare of reporters and citizens. Transparency in the real political process? Not a chance.

Social technologies are changing that. Gartner colleagues noted the impact of social networks and networking in a very recent note Obama for America: Using Networks to Redefine Participatory Politics. That campaign had presence and visibility, well, everywhere.

We just published our first FABB Insight—reports based on what people search for and choose on FindABetterBank.com (FABB). You can sign-up to receive an email whenever we publish FABB Insights (no cost or obligation).

In this FABB Insight, we looked at searchers wanting “Student Accounts” included in their search results. Banks package no-frills checking accounts for students, but our research indicates students want accounts with lots of bells and whistles. For example, 62% of student searchers chose an interest-bearing checking account.

Please check it out.

Oct. 29 (Bloomberg)—The dollar fell for a second day against the euro on bets the Federal Reserve will lower interest rates by as much as three quarters of a percentage point today.

Not looking good fro the dollar

IP Commerce announces Commerce Enrollment.

In the time it takes to underwrite and activate a small business customer with traditional means, you are losing customers. Lost customers means lost money. IP Commerce’s Commerce Enrollment simplifies the application and approval work flow while protecting your brand.

Compare your current enrollment process with ours. ROI analysis available upon request.

According to a recent study by Javelin Strategy and Research, bank customers want green banking. 43 percent of customers polled said they would rather do business with a bank that seems more “green.” But many big banks are trying to paint themselves green simply by promoting an online billing system.

Despite growing interest among consumers in accessing the Internet through their mobile phone, most people still prefer to use a PC when it comes to banking, according to a survey commissioned by IBM.

A poll of 600 people in the US, UK and China by NetReflector found that over 50% would substitute their Internet usage on a PC for a mobile device.