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The payment processor Total System Services (TSYS) has promoted a longtime employee to head up its North America consumer, commercial and health care lines of business.

The U.S. Postal Service has selected Cincinnati-based Vantiv, a payment processing service provider, to be its payment service support contractor.

The nature of fraud in the U.S. is about to change radically, as fraudsters adapt to EMV security at the point of sale by shifting their attention to e-commerce channels. Accompanying this shift are changes to the consumer's role in spotting fraud — but this could be as much a burden as it is a benefit if banks and merchants are not careful.

SmartFinancial in Pigeon Forge, Tenn., has hired a chief experience and strategy officer, ahead of its planned acquisition of Cornerstone Bancshares in Chattanooga, Tenn.

Payment processor Elavon has signed a multi-year agreement to provide payment gateway and security technology to Wyndham Hotel Group.

Ecobank Transnational Inc. and MasterCard have agreed to promote electronic payments throughout Central and West Africa, accelerating use of payment cards for consumers and mobile card readers for merchants.

First Data likens its new Clover Mini payment terminal to Apple's product line: it's a device made to fill a niche that everyone else thought was already being served.

Square Inc. will eventually be a publicly traded company and could conduct an initial public offering this year if it wanted to, its former chief operating officer said.

Rita Lowman, chief operating officer at C1 Financial in St. Petersburg, Fla., has been named chairwoman-elect of the Florida Bankers Association.

Consumers in the Asia-Pacific region no longer view the MasterPass wallet as an option only for big-ticket purchases.

Jack Dorsey is following in the footsteps of his Silicon Valley idol – Steve Jobs.

Jack Dorsey will be doing double duty soon. The 38-year-old Missouri-native will be serving as the interim CEO of Twitter, while also continuing to serve as the CEO of Square Inc.

Merchants have an appetite for mobile technology, but they don't always know how to feed their hunger, according to PayPal's Brad Brodigan.

Nearly 80% of consumers making payments to doctors or hospitals would prefer to do so through a one-click method on their health-plan provider's website, according to data from health care payments provider InstaMed.

Wirecard AG has added a link to Google's search engine marketing service to its Checkout Portal.

Ingenico Group has provided its EMV-enabled terminals and software to the retailer Batteries Plus Bulbs, in preparation for the October deadline for EMV-chip card adoption.

City National in Los Angeles, which is being acquired by Royal Bank of Canada, has hired three wealth advisers for its New York office.

HomeStreet in Seattle has hired Melba Bartels as chief financial officer, filling a position that has been vacant since March 2012.

Square's partnership with Apple to enable small merchants to accept Apple Pay is just one blip in Apple's overall strategy, but for Square it's a fundamental rethinking of its approach to its audience.

Merchants face a confusing onslaught of terminal updates, encryption, tokenization and EMV, placing organizations like the Payment Card Industry Security Standards Council (PCI SSC) in the role of trying to make sense of the changes.