David Heun

The growing adoption of Apple Pay will help Apple's smartwatch capture up to 68 percent of the smartwatch market by the end of the year.

As CEO of the Merchant Customer Exchange (MCX) mobile wallet venture, Brian Mooney must remain calm as his company faces an increasingly stormy market with no product to show for its years-long efforts.

When the card networks' October deadline for EMV-chip card adoption arrives, things will likely have changed very little compared to how they are today.

The Payments U.K. council has delivered the first draft of the ISO 20022 payment messaging standard, fulfilling an earlier promise that it says will pave the way for a globally interoperable real-time payments system.

Amex has a track record of quickly embracing mobile technology, and Monday’s move to enable Apple Pay for corporate card payments is no exception.

London-based private equity manager Apis Partners LLP has raised $157 million to invest in African and South Asian financial services and payments technology and innovation.

Fraudsters, anticipating the U.S. shift to EMV security at the point of sale, are busy looking for ways to hack into the e-commerce sites and consumer bank accounts that will be unaffected by the change in payment card security.

Debit cardholders initiate an average of nearly 30 debit transactions a month for the top issuers, but the rate of activity can vary wildly — with those top issuers seeing about twice as many transactions as those without strong debit business.

With the EMV-chip card deadline just two months away, Mercury Payment Systems is emphasizing security by providing a reason for its partners to engage in more education and become certified as compliant with the Payment Card Industry data security standard.

The issues tied to its MoneyPak reload cards continue to plague Green Dot Corp., despite the prepaid card issuer's decision to discontinue the product back in 2014.

Sen. Richard Blumenthal (D-Conn.) is asking the Merchant Customer Exchange to explain why Apple Pay and other Near Field Communication-based payment systems were prohibited in some MCX stores shortly after the Apple wallet's 2014 launch.

To eliminate its fraud-prone MoneyPak reload cards, Green Dot introduced a swipe-to-reload system last year that seemed more streamlined but added a new requirement — the customer had to have the card present to top it up with cash.

Demonstrating that its contactless payments technology can serve other purposes, Powa Technologies will provide its PowaTag to Vodafone customers in the U.K. as a way to add minutes to their phone plans.

E-commerce payment service provider Payfort has begun offering its merchant clients in Arab countries support for monthly payment plans.

With regulatory scrutiny from the Card Act of 2009 and the Consumer Financial Protection Bureau, various prepaid and gift card products have come and gone in recent years. InComm's Vanilla Gift Card is not one of them.

Even though it is still the very early days of mobile payment wearables, consumer use of the devices is poised to reach a transaction volume at $501.1 billion by 2020.

More than a third of small-business owners won't accept EMV chip cards by Oct. 1 — and don't plan to do so any time in the future – but they may change their minds if the decision costs them as little as $100 in fraud losses.

Capify, a New York-based global alternative financing company, has landed a partnership with e-commerce giant Alibaba to provide cash advances and loans to small and mid-sized businesses in Australia.

Nearly a year to the date since he left his role as CEO of NetSpend, Dan Henry may have found the new "aha moment in payments" he said he would seek as the next chapter in his career.

American Express' OptBlue program has added 700,000 small merchants in the past 14 months, wooed by the promise of better fees for Amex acceptance. But it's still too early to declare the program a success.