Payments

Wells Fargo & Co.'s third-quarter profit jumped 13% as a decline in revenue from mortgage lending was offset by reduced expenses and fewer soured loans.

The payments industry faces a significant security challenge as too many consumers become "chronic oversharers" of their personal and payment card data, says Ellen Richey, chief enterprise risk officer for Visa Inc.

Square has officially launched its person-to-person payment system, Square Cash, which lets debit card users send funds by typing an email.

PayPal's plans to extend its payments business inside of stores includes technology that attempts to reduce the need for customers to wait in line at the cash register.

At 800 stores, the Checkers/Rally's fast-food chain may seem overshadowed by giants like McDonald's. But to CardFree, merchants of Checkers' size are ideal customers for its mobile payments technology.

As new mobile payment options storm the market, plastic cards refuse to bend, according to a new study of consumer habits.

Virtual Piggy will deploy Kount's fraud management technology to provide payments security.

Revel is offering PayPal’s mobile payment capabilities as an integrated service within the Revel point of sale system.

VeriFone Systems and National Payment Card Association (NPCA) have launched a payments and rewards product that supports mobile payments at gas stations.

At $12 billion in deposits, FirstBank narrowly misses being ranked among the top 50 banks. But it's rubbing shoulders with the top three as it becomes first non-founding member of the clearXchange person-to-person payments network.

Visa plans to parlay its investment in Near Field Communication technology in Australia through a venture with the top telcos and numerous handset manufacturers to establish contactless payments.

There has been a flurry of activity in payments technology in recent days. But as the dust settles, it's becoming clear that some of the most disruptive products are coming from outside the payments industry.

Heartland Payment Systems and Tabbedout are developing an integrated mobile payment system for restaurants and bars.

The parent of Alipay.com Co., Chinese billionaire Jack Ma's online payments operator, will pay 1.18 billion yuan ($193 million) for a controlling stake in an asset manager as he expands investment in financial services.

Visa Europe has secured the services of Conferma to provide its issuing banks and payments partners with technology that can provide virtual account numbers for business travel customers.

The United Nations World Food Program (WFP) plans an electronic voucher program in Lebanon that will enable Syrian refugees to make MasterCard payments.

DataCash and Redecard are providing residents in Brazil with options for making payments with cross-border e-commerce retailers.

CEDAR RAPIDS, Iowa—A new prepaid debit card is being touted as a way for consumers to get cash back and give back to the community.

Total outstanding balances on auto and credit card loans increased year-over-year in August and bank-issued credit cards increased in two consecutive months for the first time in five years, according to Equifax's latest National Consumer Credit Trends Report.

Dickie Brennan is a New Orleans staple, a local business owner whose family has operated restaurants in the Crescent City for decades. A protégé of legendary chef Paul Prudhomme, Brennan is also an early adopter of a new mobile technology he hopes will change the way people dine out.