Payments

Many mobile commerce systems are built on the premise that we need something simpler than typing a complex password on a small screen. With the iPhone 5S, Apple unveiled its own solution: a fingerprint scanner.

The digital payments initiative clearXchange is run by three banks that make up more than 50% of the online banking market in the U.S., but it still has a lot of work cut out for it.

A Web-based platform for businesses and individuals to send and receive electronic checks is being pitched as an alternative to typical online bank account transfers.

The bank-run payments venture clearXchange has named Wells Fargo's Michael Kennedy as the company's chief executive officer.

Today's the day Apple unveils the successor to the iPhone 5. Here's a look at the leaks, patent applications and other rumors that shed light on the company's mobile payment plans.

Paydiant, a cloud-based mobile wallet provider, announced a $15 million Series C round of funding led by one of its customers to speed up product development, marketing and sales.

PayPal has unveiled PayPal Beacon, a plug-in device for merchants that will detect when shoppers running PayPal's mobile app enter a store.

Citi has completed its purchase of electronics retail giant Best Buy's U.S. credit card portfolio from Capital One.

MoneyGram is further expanding its funds transfer services internationally by partnering with DenizBank, a Turkish private bank.

California’s legislature has voted to reform a money-transmission law that has come under fire for stymying payments innovation.

ZooZ, a provider of mobile payments technology is launching a checkout system based on HTML5, the latest version of the HTML markup language used in desktop and mobile websites.

MasterCard processing subsidiary DataCash will integrate with TV App Agency’s TV App Engine to enable electronics makers and app developers to accept payments through specially equipped televisions.

Prepaid cards is a rapidly growing market, but one analyst fears most credit unions are letting the opportunity slip by.

A new report confirms that credit unions are clearly winners as a result of the Durbin rules, and the study's author predicts if debit interchange is cut even further CUs below $10 billion in assets will win even more.

Since its founding six years ago, Braintree has grown its annual processing volume to $10 billion a year — including more than $2 billion from mobile transactions — which could make the Chicago-based payments processor an attractive addition to a number of companies.

Consumers in Spain will be able to make mobile payments using Vodafone SmartPass, a Near Field Communication-enabled mobile wallet, in partnership with Visa.

The Hailo taxi e-hail app has integrated VeriFone's application programming interface to enable passengers to electronically hail and pay for taxi trips with their smartphones, a combined service that’s expected to be available the week of Sept. 9.

PayPal launched a revamped mobile app on Sept. 5 that includes some new features, as well as a new look and feel for existing functions. How does the new app stack up against its predecessor?

ROCKLAND, Mass. – Rockland FCU is blocking and reissuing debt cards after it was notified by MasterCard the accounts may have been breached by a local merchant.

Giesecke & Devrient says it has given Near Field Communication payments a significant boost by developing a SIM card on which several NFC applications can operate simultaneously.