Payment processing

Emerging payments developers shouldn't feel forced to place all their bets on one platform or another. In the shorter term, successful future models of banking will be hybrids.

MoneyGram will extend its agreement to provide services in more than 600 Albertsons locations in the U.S.

As mobile wallets mature, so will attempts to use the technology to marry payments and marketing, says Fiserv's Matt Wilcox.

Decoupled debit cards, which draw funds from an account at a separate issuer, are typically framed as a low-cost alternative to bank cards. But in the wake of the massive Target Corp. data breach, security may have suddenly become the product's biggest selling point.

Merchant Warehouse has seen a lot of momentum these past three months as small and medium-sized merchants adopt its Genius payment acceptance and customer engagement platform, which launched to the general public in January.

The credit-card issuer has agreed to loosen its restrictions on fees charged by retailers to consumers, following a similar move by Visa and MasterCard.

Oink, which was previously called Virtual Piggy, is ready to expand its youth-oriented online payments business to include merchants with a physical presence.

Retailer Target Corp. is investigating a massive data breach that may have affected the card data of millions of bank customers, according to security blogger Brian Krebs. The breach of credit and debit card records is said to have begun on or around Black Friday 2013, the day after Thanksgiving.

A long winter delay at an airport is a perfect opportunity for the businesses that operate there. And especially during the holiday season, NCR Corp. aims to make sure airport merchants are properly equipped to handle payments for harried travelers.

VeriFone reported a loss in the fiscal fourth quarter, but beat its internal guidance, and is touting new mobile payments initiatives as a way to improve performance in the future.

Online bill pay technology developed with small business users in mind is lacking. But new offerings could provide companies with greater functionality, while also helping financial institutions reduce risk and build stronger customer relationships.

The Debit Network Alliance, formed this week through the collaborative effort of ten PIN debit networks, is seeking the membership and cooperation of other industry players, including the major card brands.

Planet Payment and PT Bank Central Asia (BCA) have launched a service that allows consumers to make international payments in their own currency.

The real mobile revolution in opportunity for small business payments is occurring not in consumer wallets, but on the other side of the counter, with disruption in the point of sale terminal market.

A new company has formed to tackle the pressing issue of routing EMV debit transactions in compliance with federal mandates, a task the payments industry has undertaken for nearly two years.

Global Payments and mobile operator 1O1O have launched a mobile point of sale service in Hong Kong.

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.

Many payments companies are testing Bluetooth Low Energy (BLE) technology, which has a wider range, and is considered an alternative to, Near Field Communication for executing mobile payments. BLE-based technologies are also being developed for customers to check into stores and for merchants to deliver marketing and loyalty programs. Here are few companies giving BLE and other NFC alternatives a try.