David Heun

Consumers tend to use debit cards more often than credit cards for "day-to-day" purchases such as groceries, gasoline and drug-store items, and turn to credit cards for higher-ticket items such as appliances, the study says.

TD Bank Group acquired half of CIBC's Aerogold card portfolio mainly to provide more card services for its customers and solidify its position as the top issuer in Canada, TD Bank CEO Ed Clark told investors Sept. 16 during a conference call.

Consumers in the U.K. using Barclays' Pingit mobile app will now have the option to use it for online purchases.

Consumers who primarily use cash for transactions can now initiate domestic and international online money transfers through Ukash Money Transfer.

MCX, a retailer-driven mobile commerce initiative, is being steadily built upon retailers' desire to control their own customer data and possibly lessen the sting of, or bypass totally, card payment interchange fees. But it must still deliver two key things: a brand and a product.

By adding Popmoney person-to-person payments to its primary mobile banking application, PNC Bank is putting the feature where its most tech-savvy customers expect to see it.

As more financial institutions and other companies turn to cloud-based services to maintain customer contact centers, Echopass Corp. says it has strengthened its position to assure data handled in those centers remains secure.

MasterCard Inc. and a major wireless carrier in the Netherlands will join three Dutch banks in reviving a Near Field Communication-based mobile payment test that was nearly three years in the making.

Many mobile commerce systems are built on the premise that we need something simpler than typing a complex password on a small screen. With the iPhone 5S, Apple unveiled its own solution: a fingerprint scanner.

U.S. District Judge John Gleeson has an opportunity this week to put an end to an antitrust complaint against Visa Inc. and MasterCard Inc. that dates back to 2005. But the courtroom battle may continue past the Sept. 12 fairness hearing.

EVO Payments International has chosen a name to invoke the effect its perpetual software license from IP Commerce Inc. will have for the company — EVO Snap.

Today's the day Apple unveils the successor to the iPhone 5. Here's a look at the leaks, patent applications and other rumors that shed light on the company's mobile payment plans.

Giesecke & Devrient says it has given Near Field Communication payments a significant boost by developing a SIM card on which several NFC applications can operate simultaneously.

Telefónica Czech Republic, operating under its 02 brand, will pilot a mobile payment program to allow merchants to accept payments on their smartphones or tablets from consumers using Near Field Communication-enabled stickers or smartphones.

Seven card-issuing banks can sue Heartland Payment Systems Inc. for negligence stemming from the processor’s 2008 data breach, the 5th U.S. Circuit Court of Appeals ruled this week.

Total System Services has signed a long-term acquiring agreement with Irving, Texas-based Anovia Payments.

With all the various payment methods now available to consumers shopping online, more than 80% still prefer to use cash for online purchases of £10 (U.S. $15.55) or less, according to a survey by a U.K.-based online cash payments provider.

It appears Google may not be satisfied with the prospects of consumers only wearing its Glass headsets and using its mobile wallet on Android-powered smartphones.

Citibank has agreed to pay $55,000 to settle a complaint by the Connecticut attorney general that the bank was aware of a security flaw in its online banking service that resulted in hackers obtaining payment card data and stealing about $2.7 million.

Cloud payment processor and mobile commerce vendor i2c Inc. is providing the technology for Boom Financial's entry into Haiti with its text-messaging money transfer service.