David Heun

The Society for Worldwide Financial Telecommunication is exploring the potential of distributed ledger technology for banks to provide real-time reconciliation of their databases for accounts they hold in other banks in a foreign currency.

Discover and PayPal have signed an agreement to make PayPal payments available to Discover cardholders, acquirers and merchants.

Bank technology provider D+H Corp. is expanding its role in the expected launch of The Clearing House Real-Time Payments System by offering banks cloud-based testing to simulate a connection to that system.

Fraudsters, aware of the scope of the Payment Card Industry data security standards, increasingly deploy fraud methods that fall outside of PCI safety.

Around the same time PayPal spun off from eBay Inc. to become its own company last year, it also took on the global money transfer provider Xoom. This acquisition may have been overshadowed by PayPal's bigger news, but it remains key to the company's post-eBay strategy.

Prior to the October 2015 EMV chip-card liability shift in the U.S., various merchant groups expressed concerns about factors that would keep them from meeting that deadline — some of which remain beyond their control.

Fime test labs in France and Taiwan now support terminal manufacturers and kernel developers seeking to enable acceptance of China UnionPay QuickPass.

PayPal's digital money transfer service Xoom will allow Japanese immigrants and others in the U.S. to send money for deposit into bank accounts in Japan.

Amazon's checkout-free shopping model, currently in testing with employees, is a clear threat to the status quo for retailers. But does it also pose a risk for banks?

Pax Global Technology has landed what it describes as a major deal to distribute its payment terminals to Chinese merchants through China UnionPay Merchant Services [UMS].

2017 promises to be a defining year for many in the payments industry. Here's a look at what to expect.

Nearly two-thirds of U.S. cardholders are familiar with at least one form of mobile payment, marking an awareness trend that continues to rise and could ultimately translate to higher adoption and usage rates.

BillGO says it has seen a 65% jump in customers signing up for its bill-pay app since its launch in late October, and it predicts a payment processor partnership with GlobalOnePay will bring scale it hadn't previously enjoyed.

Payments software provider Ezetap says an agreement with Pax Global Technology Ltd. will bring "hundreds of thousands" of mobile and mini point-of-sale terminals to India as the country lessens its use of cash.

An agreement between First Global Data and India's Metro Infrasys will bring a one-click mobile payment option to drivers using the country's tollways.

Payment processors have eyed the gambling industry as a just-out-of-reach gold mine for the past few years, especially with the expansion of online and mobile gaming, but the warning signs have always been very large.

Carrier billing provider Boku says it has expanded its agreement with Microsoft to provide services for the first time in France to all Windows 10 devices on the Orange France network.

Continuing a fast global expansion pace for both companies, digital money transfer providers WorldRemit and Xpress Money are partnering to open new remittance routes to Southeast Asia.

Facing security challenges at its member banks and competition from other tech providers, the Society for Worldwide Interbank Financial Telecommunication [Swift] plans to put its best foot forward in 2017.

Online shoppers can expect fraudsters to be at the height of their creativity during the 2016 holiday season.