David Heun

Addressing the desire of small merchants that want a straightforward way to sell online, Square and Ecwid are partnering to synchronize sales and inventory between the physical and digital worlds.

Adyen wants fraud-detection software to learn from its mistakes, but it also wants a system that can teach the user about why it is reaching certain conclusions.

MasterCard plans to add its tokenization service to the MasterPass digital wallet to boost security for online and in-app purchasing.

With EMV cards fighting counterfeit fraud at the point of sale, Gemalto Inc. says the timing is perfect to launch a payment card with a dynamic verification code to provide a similar improvement to e-commerce security.

Even before Apple Pay burst onto the scene last year as an enabler — and, in many ways, a competitor — of bank mobile wallets, U.S. banks have been told by investors, industry experts and customers to develop their own payment apps.

The Federal Reserve Bank of Chicago has promoted Shonda Clay to executive vice president and product manager, a role in which she will also support the Fed's faster payments initiative.

When Square announced its payment processing deal with Starbucks three years ago, accompanied by a $25 million investment from Starbucks, it wasn't clear how the math would benefit the payment processor.

Merchants that sell digital goods each spend an average of $10.1 million a year on fraud-related costs — and many expect fraud and chargeback costs to rise in the coming months in the wake of the EMV chip card migration at the point of sale.

Eyeing Kuwait as a hotspot for technology development, online payment provider paysafecard is bringing its prepaid services to the country as a springboard to establishing itself in the Middle East.

Mobile person-to-person payment systems are poised to grow to about 126 million adult users by 2020 with nearly 60% of all mobile device owners using the service, according to newly published data from Javelin Strategy & Research.