David Heun

One of the first mobile payment applications in the U.K. has run its course.

Apple's iCloud Scandal Problematic for iWallet

Building on technology it began developing three years ago, SmartMetric Inc. says it has developed a smaller and faster fingerprint reader that fits inside of a credit card.

In addition to possibly revealing a mobile wallet next week, Apple is also expected to showcase its long-awaited smartwatch with Near Field Communication capabilities.

Merchant acquirers and processors are looking at a far different payments landscape in light of recent and anticipated developments from the Merchant Customer Exchange, Apple, Amazon.com and other companies.

Google Wallet users can now redeem and manage their gift cards through technology from the prepaid gift card provider Blackhawk Network.

Apple is expected to launch a mobile wallet as part of its next iPhone, and the company has already trained its userbase to be active mobile purchasers.

For Apple, the timing couldn't be worse to launch a mobile wallet.

For Apple, the timing couldn't be worse to launch a mobile wallet. Mobile wallets can be a tough sell for many consumers, and brand image is a key element in winning their trust.

Apriva says it has "future-proofed" its services for merchant acquirers by connecting to a digital currency gateway and developing a universal point of sale application that will handle upgrades on EMV-enabled terminals.

Lavu Inc. is taking its iPad-based point-of-sale system from the restaurant dining room into the hotel lobby through Lavu Hospitality.

In much the same manner as banks use red dye packs to explode in stacks of stolen money, payment network providers expect tokenization will sabotage any hacker's attempts at data theft. But will their investment pay off, or will it disappear in a puff of smoke?

Card data security has to become a 24-hour priority for businesses, not just when PCI compliance assessors come around for annual checkups, according to the Payment Card Industry Security Standards Council.

Jamie Topolski, the new director of alternative payment strategies for the Output Solutions division of Fiserv, expects that the U.S. migration to EMV will take as many as 10 years to complete.

Square Cash, a person-to-person payment service Square launched in October 2013, has been redesigned to become more useful as an app-based product.

The Shazam electronic funds transfer network has appointed Paul Waltz as its president and chief operating officer in anticipation of CEO Michael Hollinger's retirement next year.

Nearly 20 years ago, Visa executives celebrated a milestone for the card brand's global VisaNet payments network. The system could finally handle 1,000 transaction messages per second.

Getting payment cards operating under a Single Euro Payments Area framework is the next big hurdle facing those seeking a common system in Europe.

Underwriters Laboratories has been testing physical products for safety for more than 100 years, and the company has joined the payments industry at an opportune time.

By adding data analytics to its Square Register platform, Square Inc. says it is giving merchants of all sizes the kind of tools that larger retailers use to increase sales.