Can true innovation happen when so much of the industry is still working on systems built in the 20th century?

Credit union executives share what their members are asking for in the way of technology.

Spree Commerce reports that it has been acquired by First Data Corp.

Bank executives and outside experts finger technology as the area most in need of improvement when it comes to vetting financial institutions' ability to withstand the next bit economic shock.

Another vendor, Card1, has joined the ranks of all-in-one payment card makers, but with a slightly different approach. Where most rivals focus on hardware, Card1 is betting big on the cloud.

Payment services provider YapStone has hired former eBay executive Bryan Murphy as its president.

Citing sources close to Apple Pay, The Wall Street Journal says Apple has taken the first step in bringing its mobile wallet to China by registering it as a business entity.

Credit-card industry executives always insist that they face strong competition. But the battle between the nation's largest card issuers appears to have intensified in recent months, and it shows no signs of waning.

It wasn't long ago that mobile point of sale companies like Shopkeep were the alternative, the way for very small merchants to finally start accepting cards.

During the recent market volatility, apps that aim to lure non-typical investors into the market faced a problem with which all digital-only financial products contend: no office to visit for reassurance. Companies turned to emails, tweets and pop-up messages to try to replicate the soothing voice.

Boston-based Eastern Bank will participate in a pilot of a new partner program from multi-account card provider Stratos.

Amazon has accepted NXT-ID's Wocket smart wallet to retail on its Launchpad program.

Apple Pay's ever-growing list of partners and competitors makes it hard for any one company to stand out among the pack. But several companies have found inventive — and sometimes baffling — ways to get attention.

After the Oct. 1 EMV liability shift takes effect, the process of handling chargeback disputes could get messy for merchants unfamiliar with the new factors in play.

EMV is being touted as the dawn of a new era in credit card fraud prevention. However, there are doubts it will make a significant difference.

PeerTransfer has grown by specializing in one area: facilitating tuition payments for international students. And now, under a new brand name, it's ready to add a second major (and maybe a third and a fourth).

The quest for secure, yet really quick and easy enrollment and login for bank accounts, has evaded banks for years, and it’s become more important than ever.

Rather than join the throngs of financial services companies advertising their affiliation with Apple Pay on TV, radio and in print, Discover Financial Services is communicating to customers by turbocharging its rewards program.

Major payment processors are lining up in support of Android Pay, which Google began rolling out in the U.S. last week.

Shortly after its deployment in New York, Verifone's taxi technology has come to Philadelphia cabs, which now enable passengers to hail and pay for rides through a mobile app.