David Heun

Payments technology provider Cardtek and partner Axis Bank have launched a national open-loop payment system featuring a contactless card for public transportation and other purchases in India.

Millennials -- a demographic credit unions badly want to capture -- are using P-to-P services to pay for drugs and gambling, and while CUs may not want their members paying for illegal activities with account-connected services, a growing number of institutions also want to be the FI of choice for legal drug businesses.

American Express is adding virtual account numbers to its business travel account service, saying it will provide businesses with more visibility and control of employee travel expenses.

Mobile and online P-to-P services may be the popular, mainstream payments service of choice for young people who don't prefer cash, but it also has a seedy underbelly, according to new survey data.

North American Bancard Holdings has completed its acquisition of Total Merchant Services, a merger that NAB says will make it the seventh largest processor in North America in terms of merchant locations.

Some merchants, issuers and processors are concerned that the card brands will tout their "ownership" of payment card prefixes as a basis for requesting that mobile transactions on their cards be routed to their networks and screened through tokenization services they provide.

PayPal is launching a cross-border trade service to help small and mid-sized businesses in the U.S. improve their international presence and sales.

N26 will soon add insurance service to go along with its mobile payments, and credit and savings accounts.

Mobile QuickPass NFC payments are accepted at nearly a half million point-of-sale terminals outside of China, and QuickPass QR code payments have been available in Hong Kong and Singapore for about a month.

Consumers have accepted the use of fingerprint authentication for mobile payments. But will they be as welcoming of facial recognition? A few companies are testing the waters.

Boku and Microsoft have delivered carrier billing in Canada, the U.K., Italy, Russia and other markets.

Mobile payments, online transactions and electronic billing are all on the rise, according to new analysis from the Federal Reserve.

The FTC likes facial recognition, but consumers may not be comfortable with using the technology to secure mobile payments.

InstaReM plans to use the investment to accommodate rapid volume expansion.

EMV chips can take a company only so far, leading Oberthur to consider Morpho's expertise in biometrics and embedded security methods.

Curve argues that as the number of cards in its app increases, the chances of choosing a wrong card for a payment become greater.

Apple's plans to display a bright blue bar on iPhone screens when an application is monitoring the user's location may feel like a threat to location-based marketing. More likely, it is an overdue wake-up call for banks to improve their communication about the benefits of location data.

Wearables are a clear evolution of the mobile wallet, but companies are still experimenting with use cases. Here are a few of the latest concepts.

After two years of getting its footing in the U.S. and South American markets, Poynt is ready to expand into Europe.

More e-commerce and multi-channel merchants are accepting payments from mobile devices, even though they haven't addressed all of the security gaps inherent to the technology.