David Heun

The payments industry's next big challenge may be to get out of its own way and allow innovation to unfold in an open and collaborative manner.

The Faster Payments System in the U.K. and the New Payments Platform in Australia serve as excellent models to emulate, but it is not likely that the U.S. can create similar systems.

Small merchants may not have a full grasp of EMV chip card acceptance at the point of sale as the Oct. 1 liability shift nears in the U.S., but e-commerce merchants are building layers of defense for the expected spike in online fraud.

As payments technology went into warp speed the past four years, many banks, acquirers and independent sales organizations (ISOs) faced the difficult task of keeping up with all of the potential changes.

High fashion and contactless payments collided this week on the catwalk at the London Fashion Week event as Near Field Communication rings stole the show.

The U.S. restaurant industry is still challenged to fit EMV-chip card payments into an ordering and payment structure built around cash and magstripe cards. The vendor MyCheck sees this uncertainty as an opportunity to win restaurants over to its mobile payment system.

Spree Commerce reports that it has been acquired by First Data Corp.

Citing sources close to Apple Pay, The Wall Street Journal says Apple has taken the first step in bringing its mobile wallet to China by registering it as a business entity.

With several of its products aimed across all demographics, American Express has no intention of turning back from what it says has been a long journey to become more inclusive as a card brand.

After the Oct. 1 EMV liability shift takes effect, the process of handling chargeback disputes could get messy for merchants unfamiliar with the new factors in play.