David Heun

Technology at many banks has been assembled haphazardly over years. That makes for complex systems with lots of connections. Those points are prime targets for cybercriminals to find a way in.

D+H Corp. and The Clearing House are partnering to provide real-time payments to U.S. financial institutions.

As government and private sectors build up their defenses against mounting cyberattacks, a sharper focus on the "risk in the seams" of payments and data networks is needed, experts say.

American Express has filed a notice with the attorney general in California informing some of its cardholders that their account information may have been compromised.

American Express has filed a notice with the Attorney General in California, informing some of its cardholders that their account information may have been compromised.

Thames Card Technology Ltd. is providing the plastic payment card production for startup "challenger bank" Mondo in the U.K. to test a debit card paired with a mobile banking app.

Industrial Credit and Investment Corporation of India says it has launched the first Host Card Emulation-based contactless mobile wallet in India.

MasterCard has a few tricks up its sleeve, or rather, its golf glove.

Terminal maker Ingenico Group has named Suzan Denoncourt as its managing director for all aspects of operations in Canada.

Incorporating stronger data elements and automated processes within aging payments infrastructure remains a monumental task for Swift and any others working to streamline networks or initiate faster payments.

Cross-border online payments provider Payoneer has added escrow payments to its services after completing its acquisition of Armor Payments.

Payment processing and technology provider Vantiv Inc. is partnering with merchant acquiring bank Credorax to expand cross-border e-commerce payments for Vantiv clients.

Payment processor Heartland Payment Systems Inc. and global payment provider Computop have agreed to integrate their platforms to provide international payment processing.

Data security vendor and researcher Trustwave has appointed company veteran Michael Petitti as senior vice president of global alliances.

The confusion over how banks categorize chargebacks has become the latest minefield in the transition to EMV chip cards in the U.S. And the sheer volume of chargebacks has forced some merchants to turn to legal action, questioning the entire migration process.

The card brand is updating the Visa Checkout online payment platform with a new button that asks users to swipe, rather than click, to initiate a payment.

Verifone's presence in the mobile point of sale market is as old as Square's, but it has had a bit more trouble reaching Square's market. This year, Verifone's strategy will be to move the goalpost — and to chop it up into smaller segments.

Square is "betting big on Near Field Communication," but not to the point the company would consider bringing back its own Square Wallet app, CEO Jack Dorsey says.

The banks that launched the clearXchange P-to-P network two years ago sensed the urgency to get solid footing in the consumer payments market, but its mission rapidly expanded.

Obtaining money transmitter licenses in every state has been a lengthy process for WorldRemit, but one that paid off big this month when the company became regulated in California.