Evan Schuman

American Express is introducing one of the payments industry's first prepaid debit cards with cashback rewards in an age where the best rewards are typically reserved for the more lucrative credit card market.

When 650-store discount chain Fred's announced a data breach this month, it made an unwarranted leap of logic, one that has become all-too-common among breached retailers. That leap was deciding that an absence of evidence was proof that something didn’t happen.

In the heavily competitive mobile payments market, the fastest way to lose is to pin all hopes on one vendor. Rite Aid learned this lesson the hard way as a participant in the Merchant Customer Exchange, a multi-retailer mobile payments initiative that demanded exclusivity from its partners.

When cardmaker American Banknote (ABnote) CIO John Ekers discussed his company's Apple Passbook Android clone last week, he observed that "in the last 3-4 weeks, we're getting a lot more interest in limited use keys (LUK)," which is the first element of tokenization.

Apple Pay users are fanatically satisfied — to the tune of 98% of in-store users and 93% of in-app users surveyed — making an average of 2.6 weekly in-store purchases and 2.3 weekly in-app purchases, according to the Auriemma Consulting Group.

Cardmaker American Banknote (ABnote) is pushing a package the vendor says makes it is easy to deliver Apple Passbook functionality on Android devices.

Apple Pay users are fanatically satisfied — to the tune of 98% of in-store users and 93% of in-app users surveyed — making an average of 2.6 weekly in-store purchases and 2.3 weekly in-app purchases.

Apple Pay users are fanatically satisfied — to the tune of 98% of in-store users and 93% of in-app users surveyed — making an average of 2.6 weekly in-store purchases and 2.3 weekly in-app purchases, according to the Auriemma Consulting Group.

China's central bank on Friday proposed a series of restrictions that may restrict overall e-commerce activity rather than simply funnel it through the state-controlled banking system.

Fiserv is aiming to improve the accuracy and cost-effectiveness of biometric authentication by shipping palm-biometric kits to its customers.

Switzerland's Migros is the country's largest retailer and employer, as well as the owner of a prominent local bank, giving the company an unconventional perspective on the costs and benefits of mobile payments.

Spain's largest bank, CaixaBank, has entered a payments joint venture with Global Payments and the Erste Group Bank for transactions in Czech Republic, Slovakia and Romania.

Person-to-person payments have been delivering huge improvements around the globe in areas where cash is difficult to use. But in countries where cash suffers little hardship—including the U.S., the U.K. and Canada—the P2P business case is very different.

When a cyberthief attacked Ashley Madison — a dating website for cheaters — with the stated goal of demonstrating that the site’s mechanism for deleting customer data didn’t work, it sent a signal that should be heeded by any company that handles sensitive data.

For the first time, physical goods are the most purchased items on mobile devices, according to a recent report from Javelin Strategy and Research. But the bigger takeaway is what this means for bringing mobile payments into other channels.

When a restaurant chain's senior marketing manager ran a location-based offer trial this summer, she was quite surprised to see a mobile conversion rate that topped 45% — which meant that almost one out of every two consumers who were pinged by the chain's mobile app drove to the store and made a purchase.

First Data has acquired a San Diego-based digital card distribution firm called Transaction Wireless Inc. (TWI), a company which, paired with First Data's 2014 purchase of Gyft, rounds out the company's gift card strategy.

After boosting security to accommodate Indian government demands, Uber is again going to be accepting payment cards for its services in India. It will accept payment cards starting this week, following a nine-month suspension.

In an attempt to encourage people to use MasterCard through Apple Pay, the card brand will have people at the 2015 MLB All-Star Game in Cincinnati, giving prizes to "the vast majority" of consumers who use Apple Pay with a MasterCard card.

MasterCard's decision to do a 500-person trial of facial recognition for payment authentication next month may seem like a bold move in security, but it's really taking aim at friction and CUs are watching the experiment.