Technology

You can't make everyone happy. This seems especially true for developing a Web payment standard to appease a vast number of stakeholders and interests.

Payment processor Heartland Payment Systems has acquired MCS Software.

Visa has created a new top post overseeing risk and public policy and named its next general counsel.

The future belongs to mobile payments, but that future remains unclear, as many competing technologies are vying for consumers' attention.

Bank of America Merrill Lynch is developing a product called CashPro BillPay, which combines the bank's CashPro Online treasury management product with Bill.com's payments technology.

PayPal is recommending that some businesses upgrade their Payflow Gateway integrations to eliminate the risk of vulnerability associated with the widespread Heartbleed bug.

eBay has agreed to appoint business executive and former AT&T CEO David Dorman as an independent director, ending its public dispute with investor Carl Icahn, who will withdraw his proposals to separate PayPal from eBay and to place two other people on eBay's board.

Smartwatches may not be popular enough or have enough screen real estate to usurp smartphones as the next major mobile payment device, but there is a strong potential for the two technologies to work in tandem.

This year roughly $507 billion in payments around the globe will be made through mobile devices, up 40% compared to 2013, according to Juniper Research.

Prepaid program managers face a much different set of considerations than banks do when deciding how to deploy EMV-chip cards in the U.S.