David Heun

Santander Innoventures Fund says it has earmarked $5 million to Israel-based mobile payment and loyalty provider MyCheck as its first investment.

Santander Innoventures Fund says it has earmarked $5 million to Israel-based mobile payment and loyalty provider MyCheck as its first investment.

Visa will need more time to establish itself as part of a new payment system in Russia, though MasterCard expects to meet the April 1 deadline that Russian authorities had established.

Throughout all of 2014, only 22% of consumers surveyed for an annual Federal Reserve Board study said they initiated a mobile payment during the year. This was just five percentage points more than the prior year, despite 2014 bringing the launch of Apple Pay.

Throughout the U.S., many companies are still not covering the essentials when protecting their systems, but the enemy is getting increasingly sophisticated and relentless, Visa's risk chief said.

PayStand is launching a new mobile payment app and card reader to accept credit card payments, but promises to cut merchants' costs by also accepting e-checks and Bitcoin.

Phone-order fraud is expected to spike in the same manner as any other card-not-present fraud as a result of the U.S. migration to EMV chip-based cards at the point of sale.

Elizabeth Buse will become sole CEO for UK-based mobile banking provider Monitise Plc in a company shakeup stemming from a failure to attract a buyer in the first three months of 2015.

It's a sure thing that the founders of the Pony Express in 1860 didn't have a futuristic vision in mind of what a digital Pony Express might look like — but Google Inc. reportedly has chosen that branding for its next payment service.

Mobile payments will replace cash and cards. Or the technology will stall for lack of consumer interest. It all depends on which report you read.

The design of Square Cash's new "$Cashtag" system may seem like a cutesy move to appeal to more consumers, but the underlying changes to the app show that Square's new focus is all business.

The design of Square Cash's new "$Cashtag" system may seem like a cutesy move to appeal to more consumers, but the underlying changes to the app show that Square's new focus is all business.

More companies are testing ways to turn unwanted gift cards into valued forms of payment.

For the most part, big banks and trade groups have run the conversation on deploying a faster payment system in the U.S. But Nacha's recently proposed 8.2-cent fee for same-day Automated Clearing House payments has merchants taking notice.

American Express is spearheading a card-based consumer loyalty program featuring a coalition of major retailers, a move that has much in common with many retailers' moves in mobile payments.

Apple's Near Field Communication-based wallet was not universally welcomed by banks and merchants, but the in-app Apple Pay system is steadily gaining momentum as more retailers see it as a way to latch onto Apple's cachet without overhauling their point of sale.

Fime has updated a validation tool with Barnes International for issuers to test Visa's cloud-based Host Card Emulation processes and payment tokens for contactless payments.

It's become apparent that more organizations are attaining PCI compliance, but far fewer can stay in compliance for a reasonable period of time.

Like a Hollywood star making the rounds before a premier movie date, Visa and other organizations are going on tour to promote EMV-chip card technology ahead of the October deadline set for U.S. companies.

It's not always fun to be the butt of a joke, but in the financial services industry, it's often unavoidable. Some companies are embracing this role to turn the mockery into marketing.