David Heun

It may not qualify yet as a combination of QuickBooks and mobile payments such as Intuit Inc. offers, but Braintree figures it is on the right path in working with an accounting services provider for online merchants.

Before superstorm Sandy left many without access to physical branches and ATMs, a bombardment of cyberattacks left many without virtual access — and unlike the storm, these cyberattacks are not going away.

Mobile commerce could move onto a fast, or at least faster, track if Inside Secure has solved the problem of limited access to the secure element in a mobile phone handset.

Issuers and merchants have heard the card brands’ pitch that without EMV smart card adoption in the U.S., fraudsters will flock to this country because it will become a weak link in the data security chain.

NXP Semiconductors has developed a touch sensor that could combat thieves using a mobile scanner to attempt to steal account details from contactless payment cards.

When Roam Data promoted Ken Paull from his executive vice president role to be its new CEO in late September, he knew he would be steering the company through a complicated and growing mobile payments landscape with numerous sellers and buyers.

After more than a year of planning and regulatory scrutiny, a United Kingdom mobile commerce joint venture called Project Oscar isn’t quite ready to call itself a mobile wallet or payments service.

Parkmobile USA Inc. is making payment for metered parking spaces less expensive for its members in Washington, D.C. with a Parkmobile Wallet option for aggregating credit or debit card transactions.

Tim Murphy, chief product officer at MasterCard Inc., spoke to PaymentsSource about why the industry needs the EMV standard, as well as the various challenges facing his company as the payments ecosystem moves into a new, technology-driven era.

Prepaid Expense Card Solutions Inc. has received a funding boost that will help the company promote a business-expense prepaid card for small and mid-sized businesses and continue to develop future mobile payment options.

Payment processing technology provider SecureNet has launched an instant merchant account boarding software that allows the merchant to begin accepting payments immediately, rather than endure a two-day wait.

Natural Security SAS has launched a contactless card payment system utilizing biometrics for authentication with its partner banks in France.

Paul Whitmore was direct and blunt in his assessment of the state of payments in the U.S. when he spoke at this week's Chicago Payments Symposium at the Federal Reserve Bank of Chicago: "I've been sitting here for two days, wondering how did you get yourself into this mess?"

Barnes & Noble bookstores has informed federal law enforcement authorities that "a sophisticated criminal effort" has potentially exposed customers' credit and debit card information to hackers.

Barnes & Noble has informed federal law enforcement authorities that "a sophisticated criminal effort" has potentially exposed customers' credit and debit card information to hackers who tampered with PIN pad devices at 63 of its stores.

If banks want to be in the forefront of future mobile payments, or at least capable players, they must first understand mobile person-to-person payments and offer that service to customers.

A significant consumer shift away from traditional banking tasks is already unfolding among early mobile-pay adopters and the underbanked.

In a payments industry in which traditional players fear less cooperation as competition heats up, the Federal Reserve Banks say they stand ready to work with anyone and everyone in the payments ecosystem.

Establishing contactless card payments in taxicabs in Barcelona, Spain provides another indication that La Caixa Bank intends to make the city a case study for new payment methods.

Issuer and merchant processors alike acknowledge the high speed of technological change is the new pace car in payments, forcing traditional industry players to hop on board or be left behind.