Payments

Payoneer Inc. CEO Scott Galit says a new partnership with online marketplace Fiverr illustrates how his company is positioned for providing payments services in a changing business world.

Prepaid cards, widely accepted by the underbanked as a way to facilitate spending, are also emerging as a catalyst for saving and an alternative to short-term credit.

The best way to judge a mobile wallet's potential is to see how it handles failure.

Isis, the carrier-run mobile payments venture, plans to take its system nationwide this year. The initiative, which was formed by AT&T, Verizon Wireless and T-Mobile USA, has been testing its contactless payment technology in Salt Lake City and Austin since October.

FOSTER CITY, Calif. and PURCHASE, N.Y. – Visa and MasterCard on Tuesday said they have agreed to license their respective common U.S. debit solutions to each other to meet the industry’s need for a streamlined approach to route U.S. chip debit transactions over multiple, unaffiliated networks.

Fiserv Inc. increased its payments revenue and signed new clients in the second quarter, pushing its overall revenue up 10%, to $1.2 billion, in the second quarter from a year earlier.

Developers with early access to the next version of the iOS operating system have discovered software support for a fingerprint scanner that could be built into an iPhone or iPad's home button, according to various reports.

MasterCard Inc.'s digital wallet continues its move around the globe, as consumers in the U.K. today became the latest to have access to MasterPass.

Western Union Co., the world's biggest money-transfer business, said second-quarter profit fell 27 percent as revenue from transaction fees dropped and expenses climbed.

Bitcoin, a decentralized virtual currency, has been declared illegal in Thailand. Members of the Foreign Exchange Administration and Policy Department made the determination at a meeting on July 29 in the Southeastern Asian country, according to a Bitcoin exchange operator in attendance.

Commuters in San Francisco can now use their transportation-fare card to pay for parking in city garages.

The San Francisco bank has temporarily stopped selling defaulted consumer debts to collections agencies. Its move follows a more drastic pullback by JPMorgan Chase and a regulatory crackdown on the collections industry.

In the crowded mobile point of sale market, One Step Retail Solutions is making a name for itself by providing its Teamwork Retail software to rap artist Jay-Z for his Rocawear clothing stores.

India's consumers have everything they need to move away from cash—they're just waiting for the right catalyst, according to Visa's Sam Shawki.

NORTH HIGHLANDS, Calif. – Another credit union in the Sacramento, Calif. market reports that it, too, has been affected by a cards breach at Raleys Supermarket chain.

Merchant Customer Exchange, a mobile wallet initiative that involves more than 50 retailers, is coming into focus. Though the one-year-old MCX has yet to release a product, it has attracted key people and partnerships that demonstrate to the payments industry that it is a serious contender.

Davis and Henderson's planned $1.2 billion acquisition of Harland Financial Solutions marks the Canadian technology developer's biggest push into the U.S. market and its first foray into payments processing.

Onebip, a mobile bill payment company owned by Neomobile, launched an IP billing system in Turkey, allowing consumers to pay for online purchases through their broadband bill.

SANTA ROSA, Calif. – Redwood CU has cancelled 18,400 debit cards in the face of an apparent hacking into the database of Raley’s supermarket chain that has led to fraud on as many as 200 of its member accounts.

Viableware wants to differentiate its restaurant payment system by targeting high-end establishments with technology that doesn't erase the personal interaction between patrons and staff.