David Heun

For much of the past few years, U.K. railroad systems have been using smartphones to display tickets as bar codes or other forms of digital fares.

Fraudsters are licking their chops at the thought of infiltrating person-to-person payment systems and enabling a never-ending flow of small-value transactions — with the potential to strike bigger accounts.

Kenya Commercial Bank is working with Visa to bring the first mobile payment solution to its customers in East Africa that utilizes a quick-response code for e-commerce and in-store transactions.

Dwolla is pitching its faster payments system to the Federal Reserve Bank as it contemplates the facets of a future system in the U.S.

American Express spend a record amount of marketing and promotions in 2016, following Costco's departure.

Payment companies and other financial institutions were victimized less than health care, educational institutions and government agencies.

Rather than killing off the plastic card, smartphones are strengthening it. Many issuers' card accounts are more valuable than ever, with perks made possible only through the development of smartphone apps.

European mobile point of sale provider iZettle has added UnionPay cards to the menu of credit and debit cards its merchants can accept.

Mastercard's deal for a controlling stake in VocaLink represented the largest transaction value in payments in 2016 for an industry that saw an 18% increase in acquisition volume.

Consumer adoption numbers indicate most mobile wallets are stuck in the mud, but key wallet providers have made enough advances in other critical areas to suggest there is still potential in this market, Celent researchers say.