David Heun

The rapid pace of change has forced payment companies to collaborate more often, a posture that will help the industry in the future, even if EMV and other innovation disrupts the market.

After suffering a major data breach in 2008 when hackers infiltrated its payment processing network, Heartland Payment Systems took great efforts to become the poster child for digital security. But thieves found another way in.

Revel Systems found its niche in the point-of-sale landscape by developing software that turned an iPad into a payment terminal. But a WiFi-based device such as a tablet is only as strong as the WiFi signal it's connected to.

Intuit, which works with numerous small-business owners through its QuickBooks software and other products, is learning that convincing merchants to adopt EMV technology will require more than just educating them on the technology and the consequences of missing the card networks' October deadline.

Cloud services provider Akamai Technologies and data security vendor Trustwave are partnering to provide customers with cybersecurity defense mechanisms from their respective portfolios.

One of the iconic images to come out of Google's Android Pay presentation last week is its app loaded with one American Express card — and three retailer loyalty cards.

As the deadline nears for U.S. EMV adoption, more processors are partnering up to help their clients speed through the certification process.

BBVA has introduced technology that its mobile wallet users in Spain may liken to switching channels on a TV.

Merchants expect that payment card fraud will migrate to e-commerce as the U.S. gets more protection at the physical point of sale through EMV chip cards. That means chargebacks, already a problem in physical retail, will escalate in e-commerce as well.

IdentityMind Global has upgraded its fraud prevention and risk management software to enable real-time monitoring of e-commerce fraud and money-laundering attempts at financial institutions.

Japan's NTT Docomo has become the first mobile network operator to join the Fast IDentity Online Alliance's board of directors.

Visa Europe is opening an innovation hub in Tel Aviv, just weeks after opening its Visa Europe Collab in London.

Wells Fargo has partnered with NCR to deploy an outdoor, full-service ATM designed to provide consumers extra transaction options in nontraditional locales.

Digital money transfer provider SimbaPay is providing a free money transfer service from the U.K. to Nigeria, a popular market for new mobile payment plays.

Online payments are an unintended soft spot resulting from the EMV point of sale migration, creating an opening for security technology vendors to combat the emerging cybercrime threats.

The Fast Identity Online Alliance has established its FIDO Certified testing program for products and services that support the alliance's security specifications.

A year after initialing establishing a presence in Australia with its mobile card reader, Square Inc. says it will open its fourth "global hub" in Melbourne to expand uptake of its Register tablet-based point of sale system.

ATMs have long been a target of fraudsters hoping to steal a large amount of card data from unsuspecting consumers, and the problem looks like it can only get worse before it gets better.

Visa Inc. isn't expecting a near-term financial boost from processing domestic card transactions in China, even though the doors have finally opened up to do business in the massive Chinese market.

Visa Inc. isn't expecting a near-term financial boost from processing domestic card transactions in China, even though the doors have finally opened up to do business in the massive Chinese market.