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Apple has over 300 retail stores, but it relies heavily on mobile devices — not just cash registers — to handle payments in its aisles. Intuit's latest update to QuickBooks Point of Sale allows its small-merchant clients to duplicate Apple's model.

Cartera Commerce has received $12.2 million in funding from a group of investors led by Comvest Group, the loyalty-shopping platform provider announced June 5.

Furnitureland South, a home-furnishings showplace based in Jamestown, N.C., has selected TD Retail Card Services to develop and administer its new private-label credit card, the retailer announced June 4.

Consumer gloom about the economy appears to be putting a damper on credit card borrowing.

The CEO of ZooZ admits that he wasn't thinking of the prominent Zeus malware, which targets bank accounts, when he named his payments company. But he was absolutely thinking of security.

Apple isn't the only game in town. Neither is Google. To allow mobile payments across all smartphone types, companies such as ZooZ encourage developers to use HTML5, the latest version of the HTML markup language.

Lower margins associated with debit card interchange and overdraft-protection fees is driving the U.S. banking industry to encourage more consumers to use prepaid and credit cards to pursue revenue. However, despite such moves, debit card payment volume will rise at a double-digit rate this year, a new report suggests.

Canada's payments industry is at a critical crossroads. Despite its significant strides in modernizing certain aspects of payment technology, the country's crucial regulatory issues are mired in fog.

How long can a good thing last? Write-offs of credit card loans already have plunged below levels issuers consider sustainable. Continued improvement in delinquencies points to a further dip in loss rates in the months ahead.

Thieves know: there's money in credit cards. Credit card numbers are still the hottest items stolen in data breaches, far surpassing debit card numbers and Social Security numbers, according to data from Javelin Strategy & Research.

Merchants have never before had so many options for accepting cards, but a stubborn core that deals only in cash may never change its ways.

Elavon, a unit of U.S. Bancorp, is taking a different approach to mobile card acceptance by using a wireless card reader that is as big as the phone it pairs with.

Consumers are being more cautious in their use of credit cards — accounts are growing, and overall their balances are down 28% from their peak in January 2009, according to a new report from Equifax.

Many U.S. issuers and merchants aren't sold on signature-only EMV cards — they will most likely take the popular chip-and-PIN approach, but it will take time and it may be a patchwork affair at first.

Vantiv is offering Ingenico's new point of sale products in an effort to prepare the industry for the EMV chip-card standard and Near Field Communication technology.

U.S. credit card charge-offs ticked up in April, but Moody's Investors Service experts say it is merely an aberration in the general downward trend.

MasterCard is forming a cross-industry group to collaborate on U.S. EMV card migration, open to "every industry and entity" involved in chip cards — but Visa says it is still waiting for an invitation.

MasterCard today made the first move to begin talking with rivals and customers about how exactly the U.S. will adopt the EMV chip-card standard.

Credit unions must adjust soon to the impact of mobile payments, which can disrupt their revenue from traditional payment systems like credit and debit cards.

This story was updated from its original version.