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Eager to appease EMV-weary stores, Sionic Mobile is finishing tests on a system that uses a three-digit code to execute payments via mobile devices.

MagTek CEO Annmarie ‘Mimi’ Hart is eager to witness the potential of futuristic payment technologies, from wearables to ‘edibles’ and ‘injectables.’ But first, she must work with the merchant community to address the shortcomings of today’s approaches to payment security.

A ninth-grader challenges Bank of America's CEO; the San Francisco Fed has a lot of interest in fintech; FinCEN's Jennifer Shasky Calvery is leaving, possibly for a banking job; Wells Fargo's Secil Watson talks up a new biometrics option; and Sallie Krawcheck appreciates Carla Harris' career advice. Plus, Kelly Ripa and the 49ers.

McDonald's has been at the fore of many new digital initiatives around the world, and it has played a significant role in demonstrating how MasterCard can flex its international scale to build new services and avoid being disrupted.

Pressure is building on financial services providers to develop more merchant-centric loyalty programs to fight declining interchange revenue, and U.S. Bank is testing one approach in Lawrence, Kan.

Penn Community Bank didn’t have a CFO until it hired Stephanie Austin, who won praise for building a solid finance department at her previous job.

PayPal Holdings Inc. reported first-quarter sales and profit that beat estimates, adding customers against an onslaught of competition from credit-card issuers, startups and smartphone makers looking for a piece of the fast-growing digital payments market.

It's been a tough time to be a mobile point of sale company, but SumUp believes it's found the right formula to not only get through the shakeout but to thrive.

With the backdrop of a tough financial second quarter, Apple executives both sang the praises of Apple Pay's uptick in consumer use and admitted the company has to view the mobile payment service as a future money maker rather than a key contributor now.

A troubling gap is growing between the promises being made around mobile payments to consumers and merchants, and what payments technology providers are actually delivering, according to PayPal’s Bill Ready.

Capital One's rewards and marketing may cause some short-term performance issues, but the institution's aggressive posture is necessary in the current environment, the company's CEO said.

Vantiv named Stephanie Ferris chief financial officer, promoting her from deputy chief financial officer, a post she has held since September 2015.

The hurdles to broader EMV adoption in the U.S. have many causes, but to the consumer the end result is typically the same: A longer payment process with no immediate gain.

KKR & Co. reported a loss for the first quarter after its biggest investment, in payments processor First Data Corp., lost a fifth of its value, highlighting the heightened exposure a private equity firm takes on when it bets its own money on a company.

Multi-factor authentication will be required for administrative access to card data and systems for Payment Card Industry data security compliance this week.

U.S. Bancorp said Friday that it has agreed to sell its majority stake in a Brazilian technology division of its Elavon payments processing subsidiary.

First Data Corp., the payments processor that went public last year, halved its losses in the first quarter as revenue increased.

Growth opportunities for e-commerce companies looking to go global in the next few years are huge, but many are daunted by the complexity of different online payment approaches used around the world, say international e-commerce payment experts.

MasterCard will vault itself deep into the faster payments landscape and position itself better to compete with Visa in the U.K. if a £1 billion acquisition of VocaLink unfolds as reported on a U.K. news site.

Banc of California in Irvine is expanding its commercial bank by starting units specializing in health care, municipals and nonprofit banking.