David Heun

The likes of Apple and Amazon are becoming bigger threats to incumbent payments companies, but MasterCard CEO Ajay Banga says his company views these players as potential allies.

The likes of Apple and Amazon are becoming bigger threats to incumbent payments companies, but MasterCard CEO Ajay Banga says his company views these players as potential allies.

If the recent holiday shopping season is any indication, consumers may be setting aside their caution with credit card spending and are back to consuming through debt.

Acquirers and independent sales organizations can generate more revenue by closely studying what security levels their merchants need, according to a new survey.

Heartland alleges in a lawsuit filed Jan. 29 that Mercury Payment Systems is using deceptive trade practices to compete against it.

Online payment provider Acculynk is offering online merchants a real-time service to make payments directly to the debit card account of small businesses or individuals.

Amazon.com is developing a person-to-person payments system that would compete against the likes of PayPal, according to a job listing on the e-commerce company's website.

Oberthur Technologies is offering its MoreMagic mobile wallet technology to the unbanked population of Myanmar through the country's Myanmar Mobile Money Co. Ltd.

The Electronic Transactions Association has given Total Merchant Services CEO Joe Kaplan a spot on the association's advisory council. In addition, the ETA appointed Paul Rosenfeld, vice president and general manager of Total Merchant Services.

Mitek Systems is ready to officially roll out its Mobile Photo Payments technology, allowing consumers to use a smartphone or tablet camera to snap photos of bills, checks or payment cards to initiate a payment.

Apple Inc. has taken its time to establish a potential foothold in payments, never seeming to follow the path set by its rivals and never seeming to indicate just how close it is to the finish line.

Retailers are letting Congress know they support federal efforts to thwart cybercrime, while voicing their support of chip-based EMV smartcards combined with PIN authentication as a defense against future breaches.

Major bank and retail card issuers are lacking in key security areas, according to a new study from Javelin Strategy and Research.

Mobile shopping provider Airtag has developed a mobile wallet service for international grocery chain Distribuidora Internacional de Alimentacion SA, allowing customers to order and pay for groceries prior to pickup.

As banks are moving through the "methodical process" of reproducing new cards for customers whose data may have been compromised in the recent Target data breach, they are also studying the best security options for the future, says U.S. Bancorp CEO Richard Davis.

It's been roughly a decade since Target executives ended their attempts to convert to EMV-chip payment cards to improve security.

More commuters using Near Field Communication-enabled smartphones on Chicago's buses and elevated train system may soon be able to pay fares by tapping the phone against a reader in the station terminal.

It's been roughly a decade since Target executives ended their attempts to convert to EMV-chip payment cards to improve security. After a massive breach of magnetic-stripe card data, it seems they have changed their minds yet again.

It's been roughly a decade since Target executives ended their attempts to convert to EMV-chip payment cards to improve security. After a massive breach of magnetic-stripe card data, it seems they have changed their minds yet again.

Seeking to improve the security of digital payments by making card data tokenization operate the same way around the world, EMVCo plans to establish new standards.