David Heun

Gasoline retailers have three years to upgrade their pumps to accept EMV chip-based payment cards, but most are having a difficult time convincing themselves the cost to do so will be worth it.

Square Inc. has closed its $150 million Series E funding round, putting the payments technology company at a $6 billion valuation, according to a New York Times blog.

ACI Worldwide is flexing its acquired bill payments technology muscle, inking a deal with financial technology provider Shaw Systems Associates Inc. that will allow Shaw's clients to expand loan payment options to their customers.

Wells Fargo Bank NA has joined a growing list of acquirers using an American Express program designed to help smaller merchants accept Amex card payments.

Hamstrung by low consumer and merchant adoption, multi-account cards are still a product in search of a market. But Stratos Inc. believes Bluetooth technology is the tonic that will lure users.

GoDaddy is partnering with online payments provider Stripe to entice small businesses to embrace e-commerce by adding faster credit approval and card acceptance.

Banking and payment technology provider a FIS has completed its acquisition of payment processor Clear2Pay, a transaction it started early last month.

Boku Inc. is working with European mobile network operators to enable users to buy physical goods through its carrier billing service, which previously faced regulatory constraints that limited it to digital content sales.

The recent exploit of Signature Systems terminals, used by Jimmy John's restaurants and other clients, shows that the point of sale is still a key target for hackers. And the addition of EMV-chip technology won't scare them off.

Bank of America plans to issue chip-based debit cards to customers next month, signaling a resolution of the long-standing issues plaguing EMV debit card issuance in the U.S.

Bank of America plans to issue chip-based debit cards to customers next month, signaling a resolution of the long-standing issues plaguing EMV debit card issuance in the U.S.

InComm will work with the Merchant Customer Exchange to support digital gift card and loyalty programs for retailers, while also expanding MCX's CurrentC mobile wallet to more locations.

PayPal, the payments unit of eBay Inc., will be split off to form its own company under the leadership of new president Dan Schulman, eBay's board of directors announced Sept. 30.

The data breach affecting 216 of Jimmy John's restaurant locations had, at its source, an increasingly common exploit: remote-access passwords.

Banks will listen carefully to what regulators say next about virtual currency in the U.S., but in the meantime many financial institutions view Bitcoin as far too risky to touch.

Ukash is expanding its reach in Spain by working with Logista, giving the online cash payment provider a presence at nearly 13,000 more point of sale terminals in the country.

Banks will listen carefully to what regulators say next about virtual currency in the U.S., but in the meantime many financial institutions view Bitcoin as far too risky to touch.

Even though the U.S. has suffered a flood of retail data breaches, the payments industry has to take a global view of any security measures it adopts.

Not all transactions have the same need for speed, so the Federal Reserve Banks' financial services unit will start with a narrow focus as it evaluates the development of a faster payments infrastructure in the U.S.

Ingenico Group is leveraging its experience in EMV-chip terminal upgrades and new momentum from Apple Pay to better position itself for the U.S. conversion to smart-card technology.