David Heun

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.

If Capital One can lure a highly regarded expert like Dan Makoski from Google to head up the bank's payment technology development, it stands to reason other banks would do the same. Maybe. But it won't be easy, experts say.

MasterCard's digital wallet is currently live in 10 markets and the company has plans to add four more countries this year in a push to strengthen the card network's capabilities in an increasingly digital world.

MasterCard's digital wallet is currently live in 10 markets and the company has plans to add four more countries this year in a push to strengthen the card network's capabilities in an increasingly digital world.

Dan Henry, who became NetSpend's CEO in 2008 and leaves at the end of July, plans to look beyond the prepaid world after his final day on the job.

Fiserv Inc. is promoting the real-time version Popmoney person-to-person payment service as a companion to its online bill payment offering.

Heartland Payment Systems plans to bolster its existing services to college campuses by acquiring TouchNet Information Systems Inc. for $375 million.

The Secure Remote Payment Council wants a more open process in the development of a standard for tokenization, with the goal of ensuring a single token can be handled by multiple parties to improve security.

A Montreal-based laboratory for Fime has earned Visa's accreditation to perform tests for its contactless EMV payment specifications.

The Clearing House and EMVCo launched separate efforts to develop standards for tokenization, a process that replaces sensitive account data with a secure token. But now, their paths are converging.

Apple may have to place more emphasis on the iPad's capabilities as mobile point of sale devices to help it recover from a small but sharp decline in tablet sales.

Nearly 80 percent of U.S. consumers responding to an online poll said they are aware that they could be using digital wallets, but not nearly as many actually do.

Payments provider Shazam Inc. has agreed to make MasterCard's EMV debit application available to participants in the Shazam electronic funds transfer network.

Between the proposed virtual currency regulations in New York and those already established in Texas, the future of Bitcoin would be brighter if more states follow the Lone Star State's example, says one legal expert.

Between the proposed virtual currency regulations in New York and those already established in Texas, the future of Bitcoin would be brighter if more states follow the Lone Star State's example, says Jacob Farber, senior counsel for Perkins Coie LLP.

Investors have never been shy about treating Bitcoin as an investment rather than a spendable currency, but the companies that operate in the digital currency space have had a harder time attracting capital.