David Heun

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.

American Express estimates that about 750,000 merchants do business in Canada, and the card brand is relying on its successful OptBlue program to attract as many of them as possible.

Alternative payment systems like Visa Checkout promise to reduce cart abandonment compared to the more drawn-out process of typing in credit card and shipping information. According to recent figures from Visa Inc., Visa Checkout is delivering on that promise.

If Verifone wants to benefit from the major card brands' efforts to operate in China, it must confront a virtual army of independent sales organizations already selling low-cost payment terminals.

In a move foreshadowed by Alibaba Group Holding's initial public offering in the U.S., the China-based e-commerce giant's Alipay division has received a U.S. money transmitter license.

While U.S. banks and clearing houses contemplate how to convert the country's payments system into near real-time, Taulia has made strides by offering a dynamic discounting option to encourage clients to use its technology for B2B payments.

Overall, merchants are doing a reliable job of fighting back the onslaught of e-commerce fraud, but there are some places where the defenses have dramatically broken down.

The Payment Card Industry security standards council's PCI 3.0 revision, revealed in January, adds requirements that take effect at the end of June, putting unprepared merchants at risk of fines if they suffer a breach.

Walmart is partnering with Alipay, the payments affiliate of Alibaba Group to accept mobile payments in 25 stores in Shenzen with the goal of having it available in all 410 Walmart stores in China by the end of the year.

With more patients paying part or all of their health care expenses directly, health care providers find themselves thrust into the world of consumer payments and collections, where providers face different costs, risks and expectations than they did working primarily with insurance companies.

Rumors of an alliance between China's e-commerce powerhouse Alibaba and Cupertino, Calif.-based technology giant Apple are heating up again — and are coming from a very high-placed source.

Square Inc. says it has received more funding for its Square Capital program, which grants loans to Square merchants based on their transaction history.

Card networks have built their legacy on transporting payments and consumer data, and over time the data itself has become far more complex.

Global Payments will launch the OptBlue program in Canada in early summer, the first acquirer/processor to use the American Express program to adjust Amex card pricing for Canadian merchants.

As more U.S. banks issue EMV-chip credit and debit cards, consumer education remains a challenge, particularly if consumers overlook the paper inserts that come with their new cards.

Opening the door for banks to offer non-branded PIN debit cards and even mobile wallets, the Debit Network Alliance is developing its own application identifier for routing transactions from EMV-chip cards.