Small to medium sized businesses are often cast as unprepared for the card network's October deadline for EMV-chip card migration. But how bad can it really be?

Five credit unions are beta testing a Small Business Administration-compliant lending tool as part of a partnership between the National Federation of Community Development Credit Unions and Minneapolis-based Community Reinvestment Fund, USA.

Circle Internet Financial, the Bitcoin services company and wallet provider, has become the first company to receive a BitLicense from the New York State Department of Financial Services.

Retailers beware: Starbucks is changing consumers' expectations in mobile payments yet again.

With more than 20 teams officially knocked out of the competition, eight semi-finalists are still standing in PSCU’s Fourth Annual KnockOut Innovation Summit.

The convenience store chain 7-Eleven will let consumers pay bills at its stores through an app from PayNearMe.

High fashion and contactless payments collided this week on the catwalk at the London Fashion Week event as Near Field Communication rings stole the show.

The U.S. restaurant industry is still challenged to fit EMV-chip card payments into an ordering and payment structure built around cash and magstripe cards. The vendor MyCheck sees this uncertainty as an opportunity to win restaurants over to its mobile payment system.

In a new book, PayPal founder and former exec Elon Musk argues that big thinking is missing from PayPal and payment startups. Put another way, NFC and QR codes won't repair the global economy. The problem is Musk’s big picture approach is it would challenge interoperability and ultimately stagnate the very industry he’s trying to save.

Mobile carriers would seem a natural fit for mobile payments in face-to-face sales, but the phone companies may be better suited for a long-distance relationship with retailers.

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.