The payments industry changes fast, and a business model that was viable just two years ago may be obsolete today. Some companies are making major updates to their strategies to stay ahead of these developments.

In the payments industry, tokenization is often portrayed as a new or futuristic security method, better suited for the world of mobile wallets than the era of magstripe cards. But SeatGeak decided early on to make it a cornerstone of its mobile commerce experience.

Apple Pay’s struggles to build its user base are nothing compared with the labors of Sionic Mobile, which has been on a six-year odyssey of inventing and reinventing its mobile payments app.

The British challenger bank Mondo raised $1.4 million in 96 seconds, it announced Thursday.

Wells Fargo and Tangerine Bank are among those trying new communications tools that bring human conversations back into the channels where people bank by swiping and tapping.

Two parts of Powa Technologies, a once high-flying London technology company that filed for administration last month, have been sold in separate deals.

Facebook's big plan for payments is, true to its core mission, to build its network of friends as much as possible.

New requirements and guidance from the Payment Card Industry Security Standards Council will be released to merchants in April, which is about six months earlier than its normal update cycle.

Complying with legal and credit bureau criteria for data furnishers is just one of the compelling reasons why a marketplace lender may take a pass on reporting credit data.

In explaining JPMorgan Chase's commitment to the Chase Pay mobile wallet, Gordon Smith told investors in February that the mobile payment landscape was going to get more complicated before it gets simpler.

Of all the initials small to mid-sized merchants hear during the digital payments migration—"EMV," NFC," "mPOS"—an older abbreviation may finally pry open the door to widespread payments automation: CRM.

Google is launching its Hands Free Payments app in the South Bay region of the San Francisco area, making it available on a test run at some McDonald's, Papa John's and other local restaurants. The model somewhat resembles an approach attempted years ago by PayPal and Square.

OneMain Holdings is trying to get a better understanding of the subprime business by mixing data analytics and alternative credit scoring.

The Consumer Financial Protection Bureau on Wednesday ordered online payment processor Dwolla Inc. to pay a $100,000 fine for deceiving customers about its security practices — the first action it has taken related to data security.

Samsung Pay now supports cards issued by Wells Fargo, giving it compatibility with 70% of the U.S. credit and debit card market.

It's long been common practice for Americans to head north for bargains whenever the Canadian dollar falls meaningfully below the greenback. During the current slump, they're doing so from the comfort of their homes by shopping online from small-time Canadian merchants.

Xtend said it partnered with Colorado-based Relevant Solutions to deploy coupon apps for two credit unions: $212 million MidUSA Credit Union, Middletown, Ohio, and $410 million Frankenmuth CU in Frankenmuth, Mich.

Finding a parking spot is never fun, especially when traveling to an unfamiliar area. But as cars get smarter, so do parking payments.

The corporate disbursement market has long resisted reform, with more than half of U.S. consumers receiving at least one corporate payout via cash or check each year, according to Aite Group.

The Clearing House has picked Federal Reserve economists William R. Nelson and Francisco Covas to lead its research arm.