Payments

Businesses often receive payments in a variety of ways, which can cause headaches when it comes to tracking and managing transactions, says Greg Hammermaster, president of Sage's payments division.

API Software Inc. has created a mobile app for independent sales organizations to help merchants tabulate the best payment services deals.

Zimbabwe-based banking software provider Edgetech Solutions has begun testing EdgePay, a payment system that uses sound waves to provide added security at the point of sale.

Green Dot has hired a PayPal executive to become general manager of its mobile bank account, known as GoBank.

PayPal wants small businesses to go global.

The number of U.K. credit cards with balances that are over-limit reached its lowest point in more than two years, according to data from Fair Isaac Corp. (FICO).

Powa Technologies Group is buying Hong Kong-based mobile payments processor MPayMe.

Google has made its Instant Buy API technology compatible with Apple devices.

U.S. consumers are becoming less wary of the credit card than they were in the wake of the Great Recession.

Tax compliance provider Avalara has made many connections within the payments industry to respond to merchant demand for built-in tax reporting functions at the point of sale.

Imagine that one day people from your country’s rural areas start paying with their mobiles. Would it be strange? Definitely. That would mean they are more advanced in mobile payments adoption than the majority of people living in cities, who still prefer to use plastic.

While banks struggle to get consumers to use Near Field Communication-enabled phones for mobile payments, the video game industry is having blockbuster success with NFC technology.

PayPal is rebranding its Bill Me Later instant credit product to PayPal Credit.

Barclays' April Fool's Day joke last year was a video about PayWag, a contactless payment system built into dog collars. In hindsight, maybe this wasn't a prank but an early prototype for bPay, the company's new payment-capable wristband for humans.

Expresscoin is launching a digital currency purchasing platform that the company says will offer the "personal customer service" that has been missing from the Bitcoin environment.

As Monitise debuts its new mobile design and development service, it's weighing how its clients view payments as a complement to their other business lines.

BOSTON — By the end of 2015, 70% of U.S. credit cards and 41% of U.S. debit cards will be EMV enabled, and chip and signature will be preferred by issuers out of the gate, according to a recent survey.

American Express Co. is entering partnerships that aggressively take aim at a very specific segment of spending: fare for taxis and other hired cars.

Just before eBay selected David Marcus to run PayPal in 2012, it named a number of executives who could have been prospects for the role. Now, as Marcus leaves to take a job at Facebook, some of these other executives may be in line to fill his shoes — but PayPal may also seek out new talent.

With PayPal president David Marcus leaving to join Facebook, the social network is positioned for a substantial market share grab in the digital payments industry.