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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.

Ingenico Group is confident it can translate consumers' love for big-screen entertainment into a payments technology blockbuster.

In its quest to supply small businesses with services that go beyond payments, First Data Corp.'s Clover subsidiary is extending e-commerce website support to its merchant clients beginning next month.

J Sainsbury Plc, the British grocer caught up in a cost-cutting war with its supermarket rivals, sought to prevent secrets of how it sets its prices from being revealed to competitors as part of an industry-wide lawsuit over credit-card fees.

Ingenico Group has begun offering tools to address some of the complex challenges in developing EMV-enabled mobile point of sale applications.

Wells Fargo has hired Kristi Mitchem, formerly of State Street, to be the president and chief executive of its asset management division.

When EMV came to market in Europe in the 1990s, it entered a world with a much less robust communications infrastructure than what the U.S. has today. So, following the launch of EMV in the U.S., Visa decided it was time to break some old habits.

An e-commerce technology unit eBay sold last fall after separating from PayPal has reformulated itself as Radial, tailoring its services for online merchants that want to make the leap to omnichannel commerce.

Farmers Bank in Frankfort, Ind., has named a new chief executive, after its previous leader died of cancer.

Bank Leumi USA has hired two bankers from Citigroup, Elsa Burton and Craig Warden, to help lead its operations in Los Angeles.

Everything that makes Chase Pay possible is built on the foundation of ChaseNet.

The Chargent payment processing software on the Salesforce AppExchange has integrated with Bank Centric Payments to create a new gateway option and bolster “real time” transaction processing.

President Barack Obama has appointed MasterCard CEO Ajay Banga to an administrative commission focusing on Web security.

Wells Fargo plans to offer parental leave for the first time, and working moms in financial services report higher salaries but less family time than their peers in other industries. Newton Investment Management's Helena Morrissey spearheads a United Nations climate change initiative targeting women on boards and RBC's Linda Mantia experiments with using the blockchain to improve the customer experience. Also, Amy Domini, Ranjana Clark and Phyllis Borzi.