David Heun

To free the payments industry from seven decades of standards and legacy operations, the Secure Remote Payment Council is asking more stakeholders to embrace the concept of an open operating standard for security and transaction routing.

Through an arrangement with First Data and JCB International, Discover will expand its card acceptance at merchant locations in Hong Kong to better accommodate travelers carrying Discover cards.

With only two weeks left in his role as CEO at American Express, Kenneth Chenault is already on to a new challenge as he becomes the first black executive to become a member of the Facebook board of directors.

Even as more retailers dropped out of the Plenti multi-merchant loyalty program this month, the faltering American Express program does not represent a death blow for such collaborations.

Lighthouse Network has acquired payment gateway Shift4 Corp. and will rebrand its company as Shift4 Payments.

With merchant services provider Cayan firmly under its umbrella, Total System Services is prepared to venture deeper into retail acquiring and processing through Cayan's omnichannel Genius platform.

If it wasn't before, it's official now. Signature authorization in North America will largely cease to exist in April.

Dynamics Inc. has been committed to bringing high-tech multi-account cards to market for years, but it's tough to sell banks on pricier plastic in the age of mobile wallets and e-commerce.

Gemalto's latest biometric payment card brings a fair amount of common sense into play. But is it enough to appeal to mainstream cardholders?

Ride service and mobile payments provider GrabPay has hired Ooi Huey Tyng, a former Visa executive with more than 25 years of experience in banking and payments, as managing director of Singapore, Malaysia and the Philippines.

With most of the major card brands deciding to no longer require signature authorization on card transactions, merchants want to see more network rules go the way of the dinosaur.

Japanese card brand JCB is testing a biometric platform that it claims has an accuracy level of only one false acceptance in one billion transactions.

Bankwest customers in Australia may soon be making payments with a fist bump.

Seeking a way to facilitate higher-value contactless transactions, the Bank of Cyprus plans to issue an EMV card deploying biometric authentication to replace a PIN code.

As much as any new trend in 2018, the advancement of the Smart Cities concept will have a lasting effect on payments.

Five more retailers have dropped out of the American Express-managed Plenti retailer coalition loyalty program, putting its status in question.

The South Korea Financial Services Commission has acted on its concern that the growing popularity and speculation in bitcoin and other cryptocurrencies would become dangerous.

China's central bank has put the brakes on mobile and e-commerce payment schemes in the past, mostly from the standpoint of having a wary eye on third-party players elbowing their way into financial services.

Merchants won't know for sure until about midway through 2018 whether they received a significant win, after the U.S. Supreme Court will rule on the anti-competition complaint against American Express.

China's Ant Financial Group, the company behind Alipay, was among eight companies that EMV standards governing body EMVCo has named as technical associates to its secure-payment consortium.