Payment terminal maker VeriFone has appointed Paul Galant, previously a Citigroup payments executive, to be its chief executive officer and a member of its board of directors, effective Oct 1.

MasterCard and e-invoicing provider Basware will offer an electronic payments system designed to speed payments and approvals for suppliers and extend payment terms for buyers.

Singapore-based F1Soft International will provide online and mobile money transfer software to Bangladesh Commerce Bank to help customers seeking ways to send money to family members in other countries.

For credit unions, mobile wallets are as much a threat as an opportunity. In an effort to fight back, One Nevada Credit Union is working with several experts on CU Wallet, a credit union-focused mobile payments system.

A substantial majority of payments in the U.S. and Canada are non-cash, placing the two countries close to being cashless, MasterCard reported Sept. 23.

Payment processing software company ACI Worldwide has entered an agreement to buy Official Payments Holdings, a seller of electronic bill payment technology.

PayPal is nearing a deal to buy Braintree Payment Solutions, which would give the eBay subsidiary access to transaction fees from more than $10 billion in payments Braintree processes annually, according to a report in the Wall Street Journal.

MasterCard is actively building payments capabilities for Google Glass, Google's wearable computing device.

A Nevada credit union and two technology vendors will introduce a new mobile payments system on Sept. 24.

Google made two drastic changes to its mobile wallet when it released an NFC-free version for Android phones and then, two days later, unveiled a version for the iPhone. What does the new Google Wallet look like on each device?

The Isis Mobile Wallet initiative has suffered a setback with Capital One and Barclays pulling out of current testing, but the Isis venture has just as many issuers staying on to fuel its upcoming nationwide launch.

Groupon Inc. lost a bid for dismissal of a lawsuit complaining the company misled investors about its financial performance before its initial public offering in November 2011.

Vantiv plans to release a suite of services next week to target different parts of the casino industry.

When Google decided to create an iPhone version of its Google Wallet, it turned to Austin-based Mutual Mobile for help — the same app developer that's quietly working on an overhaul of the Isis mobile wallet.

Smaller merchants wanting a foothold in the vast Internet now have the option to open a Heartland Online Storefront.

Zapper is launching a scan-to-pay service that relies on QR codes to facilitate the payment of invoices for small to medium-sized businesses in the U.K.

An iOS version of Google Wallet launches today on the Apple App Store, bringing the search giant's recently revamped mobile wallet to iPhone devices.

It's been five months since PayPal began disseminating its point of sale payment system to all Discover merchants, but First Data, a massive Atlanta-based payment processor, isn't in any rush to support the initiative.

As some companies attempt to transform hashtags, the keywords and phrases that make content searchable on Twitter and Facebook, into a trigger for a payment, Chirpify aims to let the tags live a double life through its new actiontag system.

The emergence of mobile payments may seem like a slow crawl now, but as younger consumers mature, they are going to demand more mobile services — and banks need to have services geared to that faster pace.