Visa has created a prototype of a car designed to initiate payments, the first step in a five-year plan of changing the way motorists pay for gas and other needs while in transit.

Mobile wallet providers are trying lots of strategies to widen the audience for mobile payments, including increasing transaction size and, in suretap's case, adding support for prepaid cards to attract younger consumers.

Stripe Inc., the online-payments processor, unveiled a tool to simplify mobile e-commerce for stores and software applications developers.

Banks are starting to lay traps for cybercriminals that have broken through their defenses.

CFE Federal Credit Union in Lake Mary, Fla., has added Jack Henry & Associates as its core processor.

PeerIQ, which provides data to firms that invest in marketplace loans, has raised $2.5 million in early-stage financing.

Lloyds Banking Group has joined the list of U.K. banking companies that support Apple Pay.

Mobile payment and commerce technology provider Mozido has established a cross-border e-commerce payment connection between China and Russia, a project that resulted from its purchase of Beijing-based PayEase Corp. earlier this year.

Any EMV detractors saying the two-decade-old security against counterfeit cards has long passed its time are likely not aware of what the future has in store for the chip-based technology.

Blockchain technology associated with Bitcoin has caught the eye of bankers, but now comes the hard part: figuring out where it can be used — international payments, treasury services or elsewhere — without wasting a lot of time and money in experimentation.

A recap of the informed opinions (and the discussions they generated) on BankThink this week, including banks' subpar shareholder value and how big-data advocates can better communicate with critics who worry about the technology's potential discriminatory effects.

The Federal Reserve has named Todd Aadland—who had been a senior vice president at the Federal Reserve Bank Of Chicago—as its new payments security strategy leader. Aadland will also chair the Secure Payments Task Force.

Loss prevention firm Global Risk Technologies and Quatrro Processing have entered a strategic partnership to take advantage of the growing demand for fraud technology following major data breaches.

The banking industry needs to pay attention to innovation in the payments sector, said Gregory Baer, the incoming president of The Clearing House Association.

Banks and payment companies have been bearish on Bitcoin, but the virtual currency's underlying technology is growing in popularity and attracting investment.

Apple's latest iPhone could change the way people pay with a smartphone. Its updates improve Apple Pay and bring new tools to developers and merchants.

Barclays has introduced a cloud-based contingency payment service for corporate clients.

Android Pay is in the market, and it joins a mix of mobile pay ventures such as Apple Pay and the pending Samsung Pay that will drive a revolution in how people engage retail and execute transactions.

The New York taxi system has formally launched a mobile app that allows riders to hail and pay for rides.

Supporters of big data tend to be at loggerheads with people who are concerned about fair lending issues. In order to have a productive conversation, both sides need to distinguish between the goals of the lender and the goals of the general public.