John Adams

First Data has signed an extension of its merchant services partnership with Provident Bank, a $7.3 billion-asset bank that services central and northern New Jersey.

General Payments Systems has developed a software and hardware system that will allow its government agency clients to automate the collection of payments by check.

The Digital Media Zone at Ryerson University is home to many startups that hope to someday be as successful and famous as Square or LevelUp.

Toronto-Presto, a mass transit project that integrates payments for about ten systems in Ontario, is planning to add more card payment options and mobile technology over the next couple of years.

SecureKey is developing new payments technology that will allow consumers to use their mobile devices to enable fast authentication at the point of sale.

PayPal’s parent company eBay has entered into an agreement to buy online payment processor Braintree for $800 million in cash, a deal that’s expected to close in the fourth quarter pending regulatory approvals.

As Rogers Communications' David Robinson paced a stage in the company's corporate offices, he balanced two seemingly contradictory business decisions: its new role as an issuer of plastic credit cards and its long-term bet on mobile wallets.

EnStream’s vision of a mobile wallet looks a lot like an old school wallet, stuffed to bursting with payment cards, library cards and other documents. It's an ambitious strategy, but one that relies on the cooperation of a wide range of stakeholders.

MasterCard is working on new mobile payments functions that give shoppers the choice between Near Field Communication chips and QR codes — two mobile payments methods that have competed in the market and are typically treated as mutually exclusive.

Former VeriFone CEO Douglas Bergeron has partnered with private equity shop GTCR to form Opus Global Holdings, a company that will pursue acquisitions in the financial technology and payments sector.

Nacha, the electronic payments association, is advocating security as a reason to adopt faster processing — a move that would require a change in the association's rules that has thus far proven elusive.

Payment terminal maker VeriFone has appointed Paul Galant, previously a Citigroup payments executive, to be its chief executive officer and a member of its board of directors, effective Oct 1.

Mobile wallets are as much a threat as an opportunity to the credit union community. In an effort to fight back, One Nevada Credit Union is working with several experts on CU Wallet, a credit union-focused mobile payments system.

MasterCard and e-invoicing provider Basware will offer an electronic payments system designed to speed payments and approvals for suppliers and extend payment terms for buyers.

For credit unions, mobile wallets are as much a threat as an opportunity. In an effort to fight back, One Nevada Credit Union is working with several experts on CU Wallet, a credit union-focused mobile payments system.

A substantial majority of payments in the U.S. and Canada are non-cash, placing the two countries close to being cashless, MasterCard reported Sept. 23.

Payment processing software company ACI Worldwide has entered an agreement to buy Official Payments Holdings, a seller of electronic bill payment technology.

Richard Lyon is the new commercial director for Northern Europe at Spire Payments, a payments technology company.

PayPal is nearing a deal to buy Braintree Payment Solutions, which would give the eBay subsidiary access to transaction fees from more than $10 billion in payments Braintree processes annually, according to a report in the Wall Street Journal.

In a very short time, Florence Savings Bank has seen its customers demonstrate a fanatical devotion to its new instant debit card issuance system.