David Heun

A new Federal Reserve Bank report opens the door for retailer groups to push again for even lower transaction fees by deflating the argument that small banks have been harmed by the Durbin amendment's reduced debit transaction fees for larger banks.

Facebook's big plan for payments is, true to its core mission, to build its network of friends as much as possible.

New requirements and guidance from the Payment Card Industry Security Standards Council will be released to merchants in April, which is about six months earlier than its normal update cycle.

In explaining JPMorgan Chase's commitment to the Chase Pay mobile wallet, Gordon Smith told investors in February that the mobile payment landscape was going to get more complicated before it gets simpler.

Google is launching its Hands Free Payments app in the South Bay region of the San Francisco area, making it available on a test run at some McDonald's, Papa John's and other local restaurants. The model somewhat resembles an approach attempted years ago by PayPal and Square.

German bank and payments provider Wirecard AG is issuing a new prepaid Visa card to consumers, calling it the first Simply One Visa product in the market to combine the functions of a traditional credit card with a V Pay debit card.

Merchants in Canada using Moneris Solutions Corp. for payment processing will soon have currency conversion capabilities when checking out customers.

The U.K.'s new MoneyGram Plus card seems at first like a standard loyalty card, but to MoneyGram it is a way to streamline the long and repetitive task of initiating a transfer through an agent.

The U.S. migration to EMV chip cards has been rough, according to U.K.-based Creditcall, which hopes its new certification from First Data can smooth things out.

Square Cash has changed a lot since it was introduced as an almost purely email-based person-to-person payments service in 2013, but the addition of its Cash Drawer feature is perhaps the biggest game-changer.

Through a partnership with fraud prevention provider Ethoca, Total System Services Inc. is offering card issuers and merchants a new tool to prevent e-commerce chargebacks.

Payments providers experienced in cross-border transactions need only look to the Asian market to find the next golden opportunity.

U.S. consumers remain unimpressed by mobile wallets and annoyed by EMV, so something has to give at the point of sale. That something could be coupons.

Chase Pay is tied to the issuer's 94 million credit, debit and prepaid card accounts, representing half of U.S. households. Depending on the perspective, this means Chase's wallet either starts with — or excludes — half of the market.

Chase Pay is tied to the issuer's 94 million credit, debit and prepaid card accounts, representing half of U.S. households. Depending on the perspective, this means Chase's wallet either starts with — or excludes — half of the market.

Chase Pay, JPMorgan Chase's mobile wallet, has just landed an unlikely early partner with a history of going it alone: Starbucks.

Chase Pay, JPMorgan Chase's mobile wallet, has just landed an unlikely early partner with a history of going it alone: Starbucks.

Fraud from organized crime and hackers may attract the spotlight from payment companies and security vendors, but issuers and merchants consider friendly fraud the main nemesis.

As mobile payments migrate beyond smartphones, Visa is offering Visa Ready to manufacturers of wearables, automobiles, appliances and other connected devices.

There is a different feel to the troubles American Express faces today, mainly because its lost Costco relationship represented what might be one of the last of its kind — a deal in which a large retailer gives exclusivity to a certain card brand and tells customers how to pay.