David Heun

At first blush, the new Visa Checkout looks a little too similar to the V.me digital wallet it replaces. But in nearly every aspect of redesigning the product, Visa found some excess baggage that needed to go.

Visa introduced a new digital payment system July 16 called Visa Checkout, replacing the V.me digital wallet that formally launched in 2012. The idea is to move away from the "digital wallet" concept and convey a message of simplicity.

WorldRemit is targeting mobile wallets in emerging markets in a bid to eventually set a standard for international mobile money transfers.

Australian supermarket Coles is launching a tap-and-go mobile wallet to customers this week.

Trustwave is promising to stop any data hacking attempts against a client made through a Web browser, but the tradeoff is the client has to give Trustwave hands-on control of its Web security.

As Square's competitors pile on features to win business from the mobile payments pioneer, the company may be seeking to one-up its rivals by adding non-payment services.

As the Federal Reserve continues its research on developing an entire new infrastructure for a faster payments system in the U.S., the White House took a first step on July 11 — setting up a volunteer program asking corporations to commit to paying their suppliers faster.

Facebook is updating its desktop applications to allow game developers to sell virtual goods from ads posted in the user's news feed or along the page's right-hand column.

A new malware botnet is using thousands of compromised computers to launch attacks on point-of-sale systems with the intent to steal card data, says a warning from security company FireEye.

Apple Inc. has not joined the Faster IDentity Online Alliance and its quest for more secure online authentication, but the technology giant has played a significant role in helping develop the foundation for new standards.

PayPal may not be trying to become a merchant's bank in providing working capital and next-day settlement on fund transfers, but the payments unit of eBay Inc. is trying to make it harder for its merchants to consider another provider.

If Seamless Distribution AB is going to pitch U.S. merchants on being able to duplicate the successful Starbucks mobile payment experience at their businesses, its new relationship with prepaid product provider InComm potentially provides a significant boost.

Merchants who have been quick to complain about the cost of accepting card payments at the point of sale haven't always calculated the true cost of accepting cash in comparison, a new Aite Group study says.

Alternative finance provider CAN Capital is offering its payments industry partners a digital platform to give merchant clients a fast application process for funds.

Merchants are wary of the proprietary look and feel of the process by which the card networks and issuers are adopting new security standards.

Capital One has snatched a designer from Google's touted advanced technology and projects team to help boost the bank's mobile commerce and payments technology development.

Capital One has snatched a designer from Google's touted advanced technology and projects team to help boost the bank's mobile commerce and payments technology development.

Facebook has expanded its relationship with payments provider Braintree, which is part of eBay's PayPal, to power a program for mobile application developers.

JCB plans to expand its current J/Speedy contactless card technology to allow Japanese consumers to make cross-border payments with EMV-chip cards or through smartphones and wearable devices.

As a new Russian law took hold July 1 to help support a new national payment system, the country may have extended an olive branch to Visa and MasterCard regarding its fees. But Visa says these reports are conflicting, and the details are not yet finalized.