David Heun

The payment processor Vantiv has agreed to buy Mercury Payment Systems LLC for $1.65 billion to expand its services for cloud-based payments integrated into other technology, says Vantiv president and CEO Charles Drucker.

Apple will be ready to accept Near Field Communication payments from phones in its stores, even though none of its consumer devices support NFC out of the box.

Square has removed its cloud-based Wallet app from the Apple iTunes and Google Play stores, apparently to make room for a new app called Square Order.

Contactless payment cards may never have had strong footing in the U.S. to begin with, but perhaps the biggest sign of the technology's downfall is JPMorgan Chase's admission that its Blink cards never quite caught on.

When more U.S. issuers and merchants start using EMV-chip cards to improve security at the point of sale, fraud will likely surge online.

India launched its new payment system, RuPay, this week to provide a low-cost card network to rival Visa and MasterCard.

Host Card Emulation, which enables Near Field Communication payments without accessing a smartphone's secure element, has major supporters like Google, Visa and MasterCard. But some are expressing concern over the technology's approach to security.

Citigroup customers who use its ThankYou Rewards program now have the option to use the points they earn to pay bills through the bank's online bill pay system.

Mobile billing provider Boku Inc. is expanding its reach into 14 new countries in Europe through a new agreement with Deutsche Telekom.

When more U.S. issuers and merchants start using EMV-chip cards to improve security at the point of sale, fraud will likely surge online.

After a month of testing in Chicago's West Loop, the city is ready to roll out a mobile payment system for all of its parking meters.

EMV-chip cards might take until 2018 to reach full ubiquity, and a lack of education about the technology is hindering adoption, according to a new report from Javelin Strategy & Research.

American Express Co. is ready for its new small business program, OptBlue, to take the spotlight after several months of testing and a soft launch with acquirers.

James B. Lipham is retiring as senior executive vice president and chief financial officer at Total System Services Inc.

CaixaBank now allows customers to monitor their bank account, make donations to charities and obtain payment cards through a Facebook application.

The U.K.-based high-volume transaction analysis provider Insider Technologies has plans to expand beyond its current customer base in Europe.

Masabi Ltd. will provide its mobile ticketing service to commuters using rail lines on New York's Metropolitan Transportation Authority system, the London-based transit payment provider says.

The Target data breach has sparked more awareness of card security issues, but nearly 90% of U.S. consumers responding to a Phoenix Marketing International survey don't know much about the EMV-chip cards Target and others are adopting to deter counterfeiting.

Bringing a point of sale terminal to market isn't as easy as it used to be. Since the introduction of contactless and mobile payment tech, the number of tests a manufacturer must pass for certification is "unbelievable," executives at U.K.-based Spire Payments say.

Shopify is working with payment services provider 2Checkout to allow merchants to accept payments in more currencies and regions.