David Heun

The paper check is being eliminated as a redemption option in JPMorgan Chase's rewards program as the issuer encourages consumers to request statement credits instead.

Square Inc. has received an investment from Victory Park Capital that it says will allow the company to significantly expand its Square Capital business financing program.

Payment software provider Oxigen Services India Pvt. Ltd. plans to update its mobile wallet with a virtual Visa card for online payments, a move that furthers both its financial inclusion efforts and its bank partnerships.

The paper check has received another death knell, as it is being eliminated as a redemption option in JPMorgan Chase's Ultimate Rewards Program as the issuer encourages more consumers to request statement credits instead.

Fiserv has hired Jamie Topolski, an executive with experience in bank payments technology, to oversee emerging payments and EMV-chip card implementation at the Brookfield, Wis.-based financial services technology company.

Tanjarine is looking to improve card security in restaurant payments as it deploys a tablet-based system that is also meant to improve the customer experience.

The launch of Visa Checkout has attracted more interest from consumers than the launch of its earlier digital wallet incarnation, V.me, according to one of its first bank partners: PNC Bank.

Using the format of a Top 10 list, Square Inc. attempted to set the record straight on various perceptions of its business that it insists "are totally bogus."

People are still using pedestrian passwords that are easy to break, security company Trustwave has found.

The launch of Visa Checkout has attracted more interest from consumers than the launch of its earlier incarnation, V.me, according to PNC Bank.

Heartland Payment Systems has purchased the mobile point of sale vendor Leaf to improve its capabilities for small businesses.

Payment technology company ACI Worldwide has completed its $205 million purchase of the security vendor Retail Decisions Plc (ReD).

Online payment provider paysafecard is offering its customers a plastic prepaid MasterCard card to extend the company's e-commerce offering into the physical retail world.

Total System Services Inc. is offering a tokenization service to secure payment card information for merchants accepting online, mobile or digital wallet payments.

Online cash payment provider Ukash is partnering with Numny, an electronic payment provider, to expand options for consumers in Saudi Arabia.

Capital One's recent hire of Google's Dan Makoski is a rare coup for a financial services company. Most financial institutions still struggle to recruit top tech talent.

Amazon's new mobile wallet can't make payments, but it benefits from working with Blackhawk Network to connect to gift and loyalty cards from Blackhawk merchants.

Green Dot will eliminate its MoneyPak reload cards, which have been targeted by scammers, and instead will let consumers reload prepaid accounts at the point of sale, its top executive said this week.

Green Dot Corp. will eliminate its MoneyPak reload cards, which have been targeted by scammers, and instead will let consumers reload prepaid accounts at the point of sale, its top executive said this week.

As the payments industry attempts to standardize the process of using a token to replace sensitive data, the end result may still involve several different approaches.