David Heun

The Fed's faster payments task force is not likely to receive welcoming feedback from current operators who aren't convinced a hands-on role for the Fed is needed.

Ripple's cross-border payments engine is gaining share in India, where it's partnering with Currencies Direct to deliver real-time remittances through Ripple's xCurrent payment protocol.

It might be too early to determine the full impact of the new Visa Claims Resolution process designed to streamline and limit chargebacks, but 52 percent of respondents surveyed claimed no decrease in chargebacks since VCR, and most of the 33 percent reporting a decline cited a decrease of less than 5 percent.

Fifteen major banks will test Swift's pre-validation service for Global Payments Innovation transactions, focusing on quickly identifying and eliminating errors or omissions in payment messages.

It's commonly thought that retailers are loath to upgrade the point of sale as the holidays approach, since they don't want to introduce any variables that could lead to lost sales.

The turning point was Apple Pay, which Discover did not support until September of 2015, nearly a year after the mobile wallet's launch.

As consumers adopt mobile wallets or in-app payments, it leaves some acquirers and merchants struggling to keep up — especially if their current point-of-sale systems struggle to handle multiple software programs and apps.

The concept of Smart Cities — which use mobile payments, global positioning and related technology to streamline parking, transit, building access and traffic — is deeply intertwined with the development of payments technology and regulation.

As the concept of smart cities — urban settings undergoing a digital transformation through "internet of things" technology and connected platforms — evolves, so too will the concept of making a payment.

Quicken and U.S. Bank are launching a co-branded contactless credit card that will integrate with Quicken's personal finance software and mobile app.