Payment processing

Government benefits departments in Canada can now instantly issue open-loop, reloadable prepaid cards, which reduce costs by eliminating the need for checks.

California-based Tipalti offers an automated mass payment system for companies to send money with a wide range of payment methods to their partners all over the world.

Aiming to bring confidence to the secure mobile services space, Fime launched its GlobalPlatform trusted execution environment, or TEE, test tool Wednesday.

The second-largest payments network, which reported $772 million in third-quarter profits on Wednesday, has room to grow internationally.

EMC has agreed to buy Silver Tail Systems, a privately held company that helps clients fend off fraudsters and Web-based attackers.

MasterCard posted a third-quarter profit that beat analysts' estimates as U.S. consumer spending increased.

After more than a year of planning and regulatory scrutiny, a United Kingdom mobile commerce joint venture called Project Oscar isn’t quite ready to call itself a mobile wallet or payments service.

Parkmobile USA Inc. is making payment for metered parking spaces less expensive for its members in Washington, D.C. with a Parkmobile Wallet option for aggregating credit or debit card transactions.

Credit bureau and data verification provider Equifax has developed a service to help payment processors meet merchant validation requirements for new tax reporting obligations that went into effect this year.

Group of merchants who accept the digital currency Bitcoin are planning their own Black Friday ahead of the holiday shopping season.

Security services firm ControlScan has partnered with payment processor Allifide Merchant Group to provide small and medium-sized businesses compliance services for Payment Card Industry security standards.

Tim Murphy, chief product officer at MasterCard Inc., spoke to PaymentsSource about why the industry needs the EMV standard, as well as the various challenges facing his company as the payments ecosystem moves into a new, technology-driven era.

Payment processing technology provider SecureNet has launched an instant merchant account boarding software that allows the merchant to begin accepting payments immediately, rather than endure a two-day wait.

Walmart's senior director of payment services envisions a day without the physical point of sale.

In recent months, several payments industry players have expanded north into Canada, benefiting from the country's similar financial landscape and largely absent language barrier, but sometimes slowed by differences in regulation and technology.

As Isis launched its long-awaited mobile wallet test in Salt Lake City and Austin, Texas, many people flocked to try it out — and quickly reported their impressions over Twitter.

Paul Whitmore was direct and blunt in his assessment of the state of payments in the U.S. when he spoke at this week's Chicago Payments Symposium at the Federal Reserve Bank of Chicago: "I've been sitting here for two days, wondering how did you get yourself into this mess?"

Dwolla now allows users to make payments in batches, a feature designed to elevate the service beyond person-to-person payments and turn it into a viable tool for business.

Longtime banker Charlie Scharf seems like the safe choice to lead Visa. But for the world’s largest payments network, safe is usually smart.

Square, which has been promising to expand internationally since it received a $25 million investment from Starbucks, said today it is making its mobile-pay product available in Canada.