Credit

Apple's one nod to payments during its keynote address at this year's Worldwide Developers Conference is its plan to store users' credit card info in a new iCloud keychain for online shopping.

The National Security Agency's PRISM surveillance program has sparked a major outcry over phone monitoring, but the less-publicized government accumulation of credit card and other payments data can provide far more granular intelligence, according to payments experts.

Microsoft confirmed that the company will eliminate Microsoft Points, its digital currency, in favor of pricing digital content in local currencies.

MasterCard will make the card network's Expert Monitoring Fraud Scoring for Merchants available to Kount's merchant clients.

Manufacturers of PIN entry devices have received updated Payment Card Industry security requirements.

American Express and ShopRunner are promoting a system designed to mitigate online 'cart abandonment' as more e-commerce moves to mobile devices.

Leading into Apple's annual Worldwide Developers Conference, starting Monday in San Francisco, a patent application surfaced that provides fresh details on Apple's approach to mobile payments.

Though Apple doesn't have a dedicated mobile wallet, its plans for mobile payments are at least as old as the iPhone itself. Here is a rundown of the many ideas Apple has explored in its mobile payment patents.

EVO Payments International LLC has completed its acquisition of Deutsche Card Services, which was a subsidiary of Deutsche Bank.

Three years ago, Visa executives told investors that one of their goals was to enter new businesses, but Visa CEO Charlie Scharf, who joined the company in October, says that is no longer the case.

Mobile payments worldwide will grow significantly in transaction volume and value in 2013, but Near Field Communication payments won't be part of that momentum in North America, according to new Gartner research.

MasterCard has approved a pair of EMV-chip cards jointly developed by Inside Secure and CPI Card Group.

Law enforcement officials have arrested 11 people suspected in a $200 million global credit card fraud operation, according to the Serious Organized Crime Agency, a unit of the British government.

VeriFone is blunt about the issues plaguing the terminal maker and is working to restore its customers' confidence as it seeks a permanent chief executive.

Signature Card Services will give away EMV-enabled point of sale terminals to client merchants in the U.S. in an attempt to ease the transition to the chip-card standard.

Visa is aggressively building its presence with mobile point of sale vendors in an effort to attract the merchants that still don't accept electronic payments and rely heavily on cash and checks.

Visa is working to approve more mobile point of sale hardware, including products from iZettle, SumUp and Swiff.

Discover Financial Services said earnings per share will be reduced this quarter after it had to acquire some businesses in Europe and regulators revoked the license of a Slovenian franchise.

A group of small businesses filed a lawsuit challenging New York's law prohibiting merchants from imposing surcharges to make up for the fees they must remit when customers pay with a credit card.

As EMV-chip cards spread, with most U.S. merchants expected to accept the card by October 2015, there is still a major hurdle to overcome as consumers either resist the change or remain oblivious to it.