David Heun

The massive number of fraudulent bot attacks on the payments ecosystem and financial services is compounded by the fact that many current data protection tools are not designed to detect this automated crime network.

A former Lloyds Banking Group executive is joining financial messaging service provider Swift as its head of U.K., Ireland and Nordics operations.

Think of Western Union, and its yellow placard advertising an agent location comes to mind. It's a physical branding and marketing component that few money-transfer providers can match — but one that's of diminishing value in a digital world.

Taking a cue from his previous success in commercial cash checking services, Conext CEO Michael Casalini hopes a Venmo-style mobile app that supports a quick conversion of checks to digital money can attract small businesses.

Right on the heels of securing a partnership with Amazon to benefit small business owners, American Express is launching a new Business Gold Card designed to reward spending in key categories and offer extra management tools.

Customer card data from nearly all of Pakistan's major banks has been stolen in a cyberattack, according to a Federal Investigation Agency official in Pakistan.

Kenyans using the M-Pesa wallet to make payments and receive funds can now send cross-border payments through a connection with Western Union's global platform.

As the Federal Reserve guides the U.S. on its steady march toward a faster payments system, a thorny issue continues to plague some of the most prominent efforts: Could the smaller banks stay abreast of the technologies that larger banks are readily supporting and deploying?

After advancing into some retail settings in Italy last year, the Jiffy P2P payment service is now an option at the country's Carrefour Italia "super stores," supermarkets and express stores.

Retailers and restaurants have vigorously supported the ability to pay anywhere from any device, but that technology has not taken hold in more institutional businesses such as health care. It's not for lack of trying from developers.

Visa and Billtrust are pressuring businesses to embrace automation by developing a directory of suppliers who accept digital payments.

Synthetic fraud brings the pain from many angles — a fluid mix of fake credentials and phony accounts that can overwhelm traditional identity theft tools.

Western Union and Amazon are collaborating to bring the e-commerce giant's services to consumers who may not currently have access to online shopping or those who prefer not to make digital payments.

If cryptocurrency is ever going to become a viable payment option, it has to have bank-grade security — and bank support.

Bank of America Merchant Services is combining its payment processing and security services with the cloud-based restaurant management software of talech to deliver a new point-of-sale option to restaurants and bars.

Automated payment technology provider Yooz North America is partnering with digital payment provider SnapCheck to help companies speed up accounts payable processes, while cutting operational and fraud costs.

After Rooam's initial launch of its nightlife payment app in its home base of Washington, D.C., the company has agreed to acquire a similar payment app provider to pave the way for its launch in Chicago.

DBS Bank is testing the Foodster bot for order-and-pay at restaurants through Facebook Messenger.

In the U.S., most banks and retailers seemed to have given up on contactless cards with the 2011 demise of the much-publicized Chase Blink brand. But the payment format is making a strong comeback in 2018.

Chinese tourists visiting the U.S. and Canada will be able to use Alipay at HMSHost-operated restaurants in most major airports.