Michael Moeser

Dutch bank holding company ING Group and its venture capital arm, ING Ventures, joined three other VC groups to fund a €14 million (about US$ 15.75 million) Series B investment round for the Czech-based mobile credit payment app Twisto.

Fingerprint Cards AB delivered its billionth fingerprint sensor to the market, aided by a recent deal with Gemalto to provide sensors for its biometrics credit and debit cards.

While the payment volume from smart wearable devices may not have achieved the initial euphoric predictions, things are about to change for the better as several market dynamics have shifted.

Much like Visa's CEO, Mastercard's top executive is viewing the recent mergers in the payments industry as a chance to build partnerships rather than a competitive threat.

Vocalink, a Mastercard unit, is partnering with Saudi Payments, a subsidiary of the Saudi Arabian Monetary Authority to launch real-time payments in the kingdom.

The restaurant food delivery market is booming, as it caters to America’s growing desire to get on-demand meals for a dine-at-home lifestyle. This trend is influencing how restaurant orders are placed and paid for.

Marqeta has launched a digital banking solution for European fintechs and signed three customers to use it: Aplazame, Morning and Yapeal.

Citcon has completed a Series B funding round that included a $5 million strategic investment from East West Bank. The cross-border QR code payments processor will also be adding Catherine Zhou, executive vice president and head of consumer banking and digital banking at East West Bank, to its board of directors.

Mastercard is calling for a global consumer digital identity bill of rights to be adopted by businesses, governments and regulators as it prepares to launch a digital ID management service later this year.

Uber is a lot more than a ride-sharing app — it is also one of the most disruptive forces in payments.

Over time, Pinterest has built a powerful e-commerce and payments engine underneath its social network site. This enables any Pinterest post to double as a portal for commerce — one that is especially powerful on mobile.

While many financial institutions are feeling competitive pressures from fintechs, a former Mastercard and Fiserv senior executive called on credit unions to collaborate with fintechs as a way to keep their tech-savviest members.

System breaches similar to events at Equifax and Marriott could just as easily happen to credit unions, leading Mastercard and the credit union service organization, PSCU, to take protective measures.

Serving the small-business market requires more than just rebranding a plastic card. There are certain functions related to expense tracking, for example, that don't come up in a typical consumer relationship.

Restaurant point of sale and back-office management provider Toast raised $250 million in a Series E funding round, valuing the company at $2.7 billion, and is adding David Yuan from TCV to its board of directors.

While many Americans and Europeans are comfortable using biometric authentication to access their smartphones and bank accounts, the real leader in biometric adoption for payments is actually the government of India.

The U.K. prepaid gift card market is experiencing strong growth among consumers who buy them as gifts and for self-use, as well as among businesses that purchase them for customer loyalty programs and as employee incentives.

Fleet card and virtual card technology provider WEX plans to acquire the Go Fuel Card business from fuel station and convenience store retailer EG Card.

Lyft, the No. 2 ride-share competitor behind Uber, recently filed its Form S-1 Registration Statement with the SEC in preparation for an IPO, and the data it revealed is eye-popping.

Our annual Most Influential Women in Payments feature, now in its seventh year, highlights the women who are creating change and opportunities in the payments industry. For the first time, the editors of PaymentsSource have also recognized one woman for lifetime achievement.