David Heun

The bank owners of the clearXchange payments network and the Early Warning risk management service hope that by combining the two programs, they can remain in control of technologies that will become core to mobile commerce.

In responding to advancements in digital payments and consumer tech-savviness, Western Union has launched WU Connect to link its global money transfer services to messaging and social media platforms.

Nok Nok Labs has expanded its suite of payment authentication services for the Fast IDentity Online Alliance infrastructure, adding one-touch biometrics, out-of-band authentication and measures to address friendly fraud.

Bluetooth beacons are gradually appearing in more stores, and some experts predict their use will grow more rapidly once the devices establish a strong link to payments and other vital retail systems.

The combination of location-based marketing and mobile wallets is relatively new territory for merchants and consumers, bringing these two parties so close together that they may start to overlap.

Addressing the desire of small merchants that want a straightforward way to sell online, Square and Ecwid are partnering to synchronize sales and inventory between the physical and digital worlds.

Adyen wants fraud-detection software to learn from its mistakes, but it also wants a system that can teach the user about why it is reaching certain conclusions.

MasterCard plans to add its tokenization service to the MasterPass digital wallet to boost security for online and in-app purchasing.

With EMV cards fighting counterfeit fraud at the point of sale, Gemalto Inc. says the timing is perfect to launch a payment card with a dynamic verification code to provide a similar improvement to e-commerce security.

Even before Apple Pay burst onto the scene last year as an enabler — and, in many ways, a competitor — of bank mobile wallets, U.S. banks have been told by investors, industry experts and customers to develop their own payment apps.

The Federal Reserve Bank of Chicago has promoted Shonda Clay to executive vice president and product manager, a role in which she will also support the Fed's faster payments initiative.

When Square announced its payment processing deal with Starbucks three years ago, accompanied by a $25 million investment from Starbucks, it wasn't clear how the math would benefit the payment processor.

Merchants that sell digital goods each spend an average of $10.1 million a year on fraud-related costs — and many expect fraud and chargeback costs to rise in the coming months in the wake of the EMV chip card migration at the point of sale.

Eyeing Kuwait as a hotspot for technology development, online payment provider paysafecard is bringing its prepaid services to the country as a springboard to establishing itself in the Middle East.

Mobile person-to-person payment systems are poised to grow to about 126 million adult users by 2020 with nearly 60% of all mobile device owners using the service, according to newly published data from Javelin Strategy & Research.

Samsung may have a hard time convincing users of Samsung Pay that a breach of its LoopPay technology by Chinese hackers has nothing to do with payment card data or the security of the mobile wallet.

The major card networks operate from a position of strength as among the first movers in providing tokenization, but they must move with the market if they want to hold that position.

Gas stations have had a complicated relationship with mobile wallets. Pump hardware is notoriously difficult to upgrade, and besides that, many consumers believe that it's a fire hazard to use their phones while fueling up.

Newer banks in the U.K. now have an easier method for participating in the Faster Payments System through a pre-funding settlement process.

The Miami Heat basketball team is joining the mobile and contactless payment movement by offering fans a QR code-based mobile wallet system to make food, souvenir or ticket purchases from a mobile phone throughout the team's American Airlines Arena.