Economy

Square has purchased Evenly, a company that provides services for person-to-person payments. The move heightens Square's competition with PayPal and bolsters its own Square Cash product.

If stores seem a little less crowded this holiday season, tablets and smartphones are likely to blame. The volume of e-commerce payments made via mobile devices is surging.

The ATM Industry Association, or ATMIA, is urging payment networks to work with ATM deployers to help keep routing choices flexible.

Square's updated mobile card reader adds a lot of new technology, but its omissions speak volumes about the company's strategy.

The FTC's goal of compensating victims of merchant fraud is laudable. But effectuating that goal through a "crackdown" on processors and ISOs, which effectively makes them insurers of merchant fraud, seems misguided.

While Diane Vogt Faro was “growing up” in the payments business, she helped the entire industry mature.

Square has released a new mobile card reader that is meant to improve accuracy and durability.

While Diane Vogt Faro was "growing up" in the payments business, she helped the entire industry mature.

Small and medium-sized merchants plan to adopt multichannel retailing in a big way in the next 12 to 24 months, says an executive at SecureNet, an Austin, Texas-based payments processor and acquirer.

Nacha says the industry wants faster processing and is “working to make it happen in a way that is a win-win for all.” The biggest banks are in no rush.

Schemes that rely on social engineering and other attacks to steal consumers’ sensitive information are especially dangerous when Americans let down their guard during the holiday season.

RevolutionCredit is looking to partner with creditors on its behavior data software for underwriting and prospecting.

As treasurer of the Northeast Acquirers Association, Jacques Breton handles logistics for the regional trade group’s events. He's used that role to help shape the industry.

With a new CEO and an infusion of private equity funding, Cynergy Data plans to grow both organically and through acquisitions.

McDonald’s has more than 34,000 locations in nearly 120 countries, making it an ideal testing ground for payments innovation. As such, many payments providers try get on its menu.

With a new CEO and an infusion of private equity funding, Cynergy Data plans to grow organically and through acquisitions.

Spire Payments’ point-of-sale terminals will be available to merchants in Australia through a partnership with independent sales organization Keycorp Services Ltd.

A recap of the informed opinions (and the discussions they generated) this week.