Economy

The Bitcoin community is in limbo after two big exchanges halted withdrawals due to a technical feature within the Bitcoin protocol that allowed fraudsters to manipulate transaction IDs.

Payline Data wants to add smaller businesses to its roster of merchant services clients, and figures “no swipe” mobile payments provides a good way to get in the door.

Critics call EMV “last decade’s technology,” but boosters consider the chip-based security standard as relevant today as it ever has been.

Whole Foods Market has agreed to use multiple versions of Square Inc.'s mobile payments technology.

The ATM Industry Association named Gregory Sahrmann and Steve Gernes as co-chairs of the nonprofit trade association's U.S. board of directors.

Payment cards can sometimes do more than just make purchases. Some pack in odd functions; others are high-tech takes on the aging magnetic-stripe card.

Payment infrastructure systems provider Pay.On plans to combine its distribution network with that of fraud prevention specialist Kount.

Five years ago, Starbucks was primarily a coffee company. Today, it's a pioneer in mobile payments technology with a significant portion of its U.S. transactions made using its smartphone app. And according to the company's CEO, this is only the beginning.

Acquirers could find themselves looking a lot like marketing firms in the near future.

ISOs and agents should offer consultative services, back-office optimization and fraud-screening products, according to a speaker at the Northeast Acquirers Association show.

Payline Data wants to add smaller businesses to its roster of merchant services clients, and figures "no swipe" mobile payments is good way to get in the door.

Benjamin Lawsky, New York's top financial regulator, rarely sounds ambivalent. But when the topic is something as unprecedented and complex as Bitcoin, the big questions appear to give him pause.

Acquirers could find themselves looking a lot like marketing firms in the near future, according to speakers at the Northeast Acquirers Association 2014 Winter Seminar and Outing.

Starbucks CEO Howard Schultz is changing his responsibilities to place a greater emphasis on mobile payments and other digital initiatives.

Unresolved questions about debit cards may stall the transition to EMV chip cards in the United States, industry experts say.

Mobile carriers are becoming more heavily involved in the payments world. Many are spearheading tests and full deployments of mobile wallets throughout the world, and some like T-Mobile are launching prepaid cards as well.

Nearly 10 million Starbucks customers use its mobile app to make payments, totaling close to 5 million mobile payments a week, the company reports.

T-Mobile's bid to provide basic checking services to its mobile phone customers is the latest signal that banks are losing the low end of the consumer market.

ISOs are scrambling to set themselves apart in a price-oriented business, but most are failing to dazzle merchants. In fact, about a fourth of clients don’t know their ISO’s name.

T-Mobile is launching a prepaid card, aiming to use mobile account access as a selling point to attract underbanked consumers.