David Heun

Singapore Telecommunications Ltd. has completed its acquisition of data security vendor and researcher Trustwave, about four months after the companies initially announced the deal.

CHICAGO — Financial institutions have fallen behind the payments innovation curve, though they can catch up quickly by adopting the faster payments initiatives that are accompanying mobile and digital transactions.

CHICAGO —Heartland Payment Systems CEO Bob Carr will never be accused of not making his feelings known about the Merchant Customer Exchange mobile wallet venture.

The Automated Clearing House is too expensive and complex to provide faster payments for smaller banks and businesses, claims Dwolla, which contends its open system is a better option for those market segments.

CHICAGO — First-generation mobile wallets found themselves in an "unfair fight" against the likes of Starbucks and its branded mobile pay and loyalty system, forcing Google to rethink how it would position Android Pay, Google executive Jack Connors said.

Digital money transfer provider SimbaPay has expanded its deposit service to Choice Microfinance Bank, an institution founded by Kenyans abroad.

The expected launch of Android Pay mostly hit a false alarm last week, but a few signals support the obvious — that the mobile wallet reincarnation of Google Wallet should be right around the corner.

Competition among e-commerce payment gateway providers in Australia has heated up, as key companies have had more than a year to get footing in a country increasingly adapting to new payments technology.

London-based mobile point of sale provider SumUp has received 10 million euros [$11.2 million U.S.] in funding from investors, including American Express, Groupon and BBVA Ventures.

European mobile point of sale gateway provider payworks will offer its service through Miura Systems' EMV and Near Field Communication mobile terminals.