John Adams

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.

MasterCard is actively building payments capabilities for Google Glass, Google's wearable computing device.

Panini has promoted Michael Pratt to CEO, replacing John O'Malley, who has left to pursue other interests, the Torino, Italy-based financial technology company announced Sept. 20.

Vantiv plans to release a suite of services next week to target different parts of the casino industry.

MoneyGram has purchased Advanced ChronoCash Services (ACCS) and signed an agreement to acquire MoneyGlobe Payment Institution, both Athens, Greece-based money transfer companies.

The Bitcoin Foundation, a trade group, is urging the Federal Election Commission (FEC) to allow bitcoins to be used for federal political contributions.

San Francisco-area transit operators are launching a mobile website to manage the Clipper fare cards.

MasterCard and Entrepreneurial Finance Lab (EFL) are offering a reputation-based scoring system to improve credit underwriting for unbanked small businesses, a move designed to increase non-cash payments in developing countries.

Southwestern Advantage, a multi-level marketing company with a model similar to Avon or Amway, relies on college students to sell its educational materials — raising potential risk issues as a young and inexperienced sales force is tasked with protecting payment details.

Payments marketing company edo has launched edo Marketplace, a card-linked offers platform that allows merchants to create their own targeted campaigns.

Google Wallet is getting over its reliance on a small set of Near Field Communication-equipped handsets with a new app that works on any phone running version 2.3 or higher of the Android mobile operating system.

Daniela Mielke is the new chief strategy officer at Vantiv, where she will help lead product innovation, profitability, revenue and scale for the Cincinnati-based payments processor.

Making payments on a television may seem like a Jetsons-era dream, but it's drawing the attention of modern-day payment companies that see the disruptive potential of TV.

The latest revelations about the National Security Agency confirmed what many in the payments industry had long suspected: the agency is watching electronic transactions along with communications.