David Heun

Mumbai power distributor Reliance Infrastructure Ltd. says it has established the first mobile and Web-based digital option for residents to pay their utility bills.

A mobile security expert in Germany says he found a flaw in the encryption technology of some mobile phone SIM cards holding personal and payment details.

TouchSuite says the cloud is the perfect place for salon owners to operate their point of sale systems.

Eat24.com has developed a new point of sale terminal and restaurant management system it intends to offer for free to help clients handle online food orders.

PayPal increased its presence in Australian bars, cafes and restaurants today by securing agreements with hospitality technology companies EatNow, OrderMate and Beat the Q.

In supporting the Square Wallet as a mobile payment option for its customers, U.S. Bank is taking a step that other financial institutions might view as embracing a competitor.

Royal Bank of Canada chose to store data in the cloud, rather than use the mobile phone's secure element, in a mobile payment system it plans to launch this year.

Three weeks after completing a mobile payment development agreement with China Mobile, the China UnionPay card brand has signed on eight banks to launch a contactless mobile payment system in Shanghai.

After years of government and telco-backed testing of contactless mobile payments in France, a major bank is ready to provide a significant boost to the country's Near Field Communication project.

Australian startup Pin Payments has acquired billing technology and the global customer base of a U.S. company to continue its push to provide developers with software that handles credit card acceptance online.

For the past two weeks, Visa, MasterCard and Discover have been meeting with each other and with regional debit networks to hammer out the business agreements necessary to route debit transactions on EMV-chip cards in the U.S.

Corethree Ltd. has developed a mobile wallet that allows drivers of electric vehicles in the U.K. to locate charging stations and pay through their smartphones.

With the summer driving season in full swing, Shell Oil Products U.S. is attempting to boost the appeal of its branded payment cards.

Financial institutions with at least $10 billion in assets knew they would take a hit to their revenue when the Durbin amendment capped interchange pricing. But smaller issuers, who were exempt from the cap, have seen a drop as well.

As EMV-chip card use spreads at the point of sale in the U.S., online merchants will have to change the way they handle payments online.

The prepaid card market must undergo significant consolidation in the future because more prepaid card processors exist than are needed to serve the prepaid issuers and program managers in the U.S., new Aite Group research finds.

The major card brands have certified payment processor Total System Services Inc. for EMV chip-card processing.

Visa has entered agreements with more than 40 Australian banks to offer customers the V.me digital wallet for online shopping — a mere three months after MasterCard debuted its MasterPass digital wallet in Australia.

Mobile payment processor Net Element International Inc. has agreed to acquire European payment network and terminal provider Quickpay in a move to gain traction in Russian cash-based markets.

Six banks in Poland have created a joint venture to develop common mobile payment standards to comply with national regulations — a move that leaves card networks out of the equation.