John Adams

Target CEO Gregg Steinhafel is stepping down as chairman, president and CEO, effective immediately, Target's board announced May 5.

Target CEO Gregg Steinhafel is stepping down as chairman, president and CEO, effective immediately, Target's board announced May 5.

North American Bancard (NAB) is adding technology from Moki in an attempt to secure and manage its in-store mobile point of sale system.

Security can be difficult to improve at gas stations because payment hardware is built into the pumps, making it costly and difficult to upgrade. First Data and VeriFone are teaming up to overcome this challenge.

Wells Fargo is expanding its commercial card portfolio to Europe with the launch of a European Commercial Card.

The fallout from Russia's encroachment into Ukraine has reached MasterCard's headquarters in Purchase, N.Y., where the card network’s top executives expressed concern about lost business and Russia's moves to localize its payments infrastructure in response to sanctions from the West.

Sports Fusion and MasterCard processing subsidiary DataCash are working to unify the normally siloed purchasing experiences at sporting events.

WEX's conversion of ExxonMobil's Esso European card business is progressing, as the corporate payments company also extended its work with ExxonMobil to include Asia and South Pacific markets.

Spreedly is launching a vaulting service that allows e-commerce merchants to manage payments without using a third-party gateway provider to authorize online transactions or handle related tasks such as data security.

Intuit is in discussions to purchase bill payment company Check Inc., according to a report in The Wall Street Journal.

Heartland Payment Systems' financial performance held out through a difficult winter that put a chill on consumer spending.

First Data reported a better financial picture in the first quarter, a period that also saw the company make inroads into small business technology and accelerate its support of EMV-chip card technology.

U.S. Bank's addition of "instant" person to person payments is a response to consumer expectations: If mobile payments are supposed to replace cash, they should be as fast as cash.

WePay is adding application programming interface (API) capabilities to its risk management product, Veda, in an effort to streamline the way WePay's clients enroll new customers and handle transactions.

U.S. Bank will enable real-time person-to-person payments through Fiserv's Popmoney.

Kofax is using its imaging technology to allow consumers to check gift card balances.

Biometric authentication company NXT-ID will soon roll out a wallet that is designed to digitally store payment cards without a mobile phone.

Starbucks may soon make the tools behind its successful m-commerce strategy available to other retailers.

PayPal and the mobile technology provider QikServe are working to enable U.K. hospitality businesses to accept orders and payments through the PayPal smartphone app.

As state regulators take more interest in Bitcoin, third-party vendors are looking to apply the expertise they built in other markets to digital currency. One such vendor, Strevus, has a background in securitization, which is another volatile and risky market.