David Heun

Customer card data from nearly all of Pakistan's major banks has been stolen in a cyberattack, according to a Federal Investigation Agency official in Pakistan.

Kenyans using the M-Pesa wallet to make payments and receive funds can now send cross-border payments through a connection with Western Union's global platform.

As the Federal Reserve guides the U.S. on its steady march toward a faster payments system, a thorny issue continues to plague some of the most prominent efforts: Could the smaller banks stay abreast of the technologies that larger banks are readily supporting and deploying?

After advancing into some retail settings in Italy last year, the Jiffy P2P payment service is now an option at the country's Carrefour Italia "super stores," supermarkets and express stores.

Retailers and restaurants have vigorously supported the ability to pay anywhere from any device, but that technology has not taken hold in more institutional businesses such as health care. It's not for lack of trying from developers.

Visa and Billtrust are pressuring businesses to embrace automation by developing a directory of suppliers who accept digital payments.

Synthetic fraud brings the pain from many angles — a fluid mix of fake credentials and phony accounts that can overwhelm traditional identity theft tools.

Western Union and Amazon are collaborating to bring the e-commerce giant's services to consumers who may not currently have access to online shopping or those who prefer not to make digital payments.

If cryptocurrency is ever going to become a viable payment option, it has to have bank-grade security — and bank support.

Bank of America Merchant Services is combining its payment processing and security services with the cloud-based restaurant management software of talech to deliver a new point-of-sale option to restaurants and bars.