David Heun

With each new mobile-payment function developers create for smartphones, a correlating new security risk arises. The riskiest aspect for merchants, issuers and consumers remains the initial phase — when consumers enroll for a product, says ValidSoft Ltd.

As if the emerging mobile payments market isn’t complicated enough, new research indicates banks and retailers are rarely on the same page as consumers in terms of how they view new payment technology.

The Payment Card Industry Security Standards Council's participating organizations voted that third-party security assurance and best practices will be the two key areas for the PCI special interest groups to study in 2013.

A JPMorgan Chase branch on Chicago's North Side joins about 100 others that let customers use special kiosks as an alternative to waiting in line at the teller window.

CorFire, an Atlanta-based mobile payments technology provider, has opened a London office to provide support and customer service for mobile commerce developments throughout Europe.

Rich Rezek, director of global product management for Retail Decisions, talked with PaymentsSource about the complex world that data security has become in the ongoing conflict with organized crime and petty fraudsters.

Transact24 wants to get its various Visa prepaid card products into the hands of more businesses and consumers by expanding its reach with issuing banks in the United Kingdom through a partnership with CashFlows.

Visa is launching a new data security system, called the Visa Consumer Authentication Service, for issuers to use for online transactions.

PushCoin aims to give parents a better handle on their kids' spending habits with a payment system rooted in the use of an assortment of items including mobile phones, wristbands and Near Field Communication stickers.

Visa and Vodafone Australia are launching the SmartPass mobile wallet, which lets consumers with Near Field Communication-equipped phones make payments through a virtual Visa prepaid card.

TransCard has formed a partnership with DeviceFidelity’s Moneto payments service to provide its bank clients the ability to create their own mobile wallets.

Revel Systems is now delivering its iPad-based point-of-sale products into larger retail settings — and intends to make a push for equipping major retailers early next year.

Inside Secure announced it will purchase Embedded Security Solutions from AuthenTec, a unit of Apple, before the end of the year.

TSYS in Columbus, Ga., would be able to offer a rival to Square's mobile card reader and tap a new market of small merchants once it completes its acquisition of ProPay.

When Total System Services Inc. closes its deal in the next month to acquire ProPay and its various payments services, the payment processor will have a new "Square-like" look and feel to ramp up its merchant acquiring business.

The prepaid card market has become an unstoppable locomotive, and will continue its course unless unexpected federal regulations slow it down, according to new data.

The Payment Card Industry Security Standards Council is providing guidelines to help industry participants better identify and analyze security risks.

Braintree continues its international expansion, taking its mobile and e-commerce payment processing into Australia.

Blackhawk Network is taking its Gift Card Mall, a common sight in retail stores, into the digital world.

Visa Inc. continues to bolster its V.me digital wallet service, announcing that 50 more banks and credit unions will adopt the service.