David Heun

In a harsh reminder that hackers have found hotel point-of-sale systems to be a treasure trove, HEI Hotels & Resorts is informing its customers of a potential breach affecting their credit cards.

Card manufacturer Oberthur Technologies is offering issuers facing a shortage of EMV chip cards an option to receive as many as 25,000 in five days, rather than waiting the standard three to four weeks.

Airlines are a paradox of mobile payment acceptance. They handle check-ins, boarding passes and other key functions through their apps, but are not as full-featured when it comes to handling sales over phones and tablets.

In a reversal of its longstanding aversion to Apple Pay, Walmart has acquired a company that not only accepts Apple Pay, but gives customers an incentive of 1.5% off the purchase to use a debit card loaded into Apple's mobile pay system.

Merchants using BlueSnap payments technology to power e-commerce and mobile checkout will have Visa Checkout as a payment option for customers.

Visa and Mastercard are making a lot of noise for initiatives that adapt their existing technology for faster payments in the U.S., but the alternative payment provider Dwolla is moving just as aggressively.

If new research from NCR about a flaw in chip cards proves to be reproducible by fraudsters, it may undermine the core benefit of EMV security.

It may seem as if the Visa Direct payments platform came out of the blue this week as part of its collaboration with the bank-run clearXchange network, but the card brand has used the same technology in other countries for more than a decade.

Cash has been notoriously stubborn in light of the relentless onslaught of new payment methods, and though it has started a very slow decline, it is perhaps decades away from declaring defeat.

Visa announced Quick Chip four months ago, but until today the card brand has not had a place to showcase its faster EMV technology to merchants who feel burdened by the EMV payment process.

The payments and financial technology world is moving ahead at high speed. But an acquirer may feel like the only one on the road obeying the speed limit while other companies zoom ahead.

Few companies can claim to have created a wildly successful mobile wallet app. Even fewer can claim to have done it twice in a row.

In the first half of 2016, the payments industry had its most active six months of merger-and-acquisition activity since the second half of 2014.

The regulatory winds swirling around acquirers and independent sales organizations are so swift, those who can't stay abreast of the changes are likely to get blown away.

Every product has a "sell by" date, and so should every independent sales organization.

Every product has a "sell by" date, and so should every independent sales organization.

Vantiv had a specific vision in mind when acquiring Mercury Payment Systems two years ago to provide the ultimate playground for app developers to operate in a multi-channel world.

Patrons of the GC Express gas station in Caro, Mich., have another choice to make at the pump: Do they want to pay with a credit union's mobile banking app?

To hear PayPal CEO Dan Schulman tell it, his company's agreement with Visa this week is a transformative and history-making deal. But in at least one way, PayPal must make sure that history does not repeat itself.

They say to dress for the job you want, not the job you have, and First Data's Clover operation did just that.