Amongst all the hype and bluster around mobile payments, consumer adoption has lagged, and a fundamental question seems to be largely overlooked – why use mobile payments?

PayPal has agreed to acquire Xoom for $890 million, as the consumer payments company looks to expand into the international remittances business.

After testing Messenger person-to-person payments in New York City, Facebook has expanded the money transfer service to the entire U.S.

Federal regulators have unveiled a much-anticipated tool meant to help institutions assess their own cybersecurity systems.

As more retailers consider uses for tablets in their stores, Moki Mobility Inc. figures it is in the right place at the right time to offer its cloud-based point of sale management technology.

Payment providers that don't move to support more integrated digital commerce may find themselves unable to serve the "connected consumer" of the future.

Consumers in China are making more purchases online than in-store, prompting the country's retailers to support payment options that are normally associated with e-commerce.

According to Verizon's 2015 Data Breach Investigation Report, approximately 20% percent of data breaches come from an internal source. This requires a change in an issuer's culture compliance to combat the problem.

The executive in charge of protecting JPMorgan Chase & Co.'s computer network from hackers has been reassigned, after a year on the job that included controversy over his handling of a massive data breach and the departure of several top security team members.

WASHINGTON — Federal regulators on Tuesday unveiled a much-anticipated tool meant to help institutions assess their own cybersecurity systems.

WASHINGTON — Federal regulators on Tuesday unveiled a much-anticipated tool meant to help institutions assess their own cybersecurity systems.

The agency's Semiannual Risk Perspective pinpointed compliance and operational risk as potential problems for big banks while it outlined a different set of challenges for midsize and community banks.

A new version of Point-to-Point Encryption (P2PE) guidelines to be published by the PCI Council today will allow retailers—for the first time—to be able to create and seek certification for their own P2PE system, addressing a longstanding retailer concern about the earlier rules locking them into certain vendor relationships.

NCR Corp. will support its mobile cash withdrawal service through China's Bank of Ningbo's mobile app.

Nearly a third of U.S. smartphone users owned or planned to purchase a wearable device in the next 12 months. Among this group, 82% wanted them to enhance their in-store experience and 22% specifically wanted them to provide touchless, one-click payments. The bottom line: financial services companies have a lot of work ahead to meet consumer expectations.

In an effort to appeal to more businesses by helping them manage their employees, Square has launched Square Payroll.

Payment technology provider Cayan says it has become one of fewer than 20 American companies to earn Level 2 EMV certification from standards governing body EMVCo.

Demand for automobile debt in the U.S. is enabling lenders to make longer loans to people with spotty credit, stoking concern that car shoppers are being lulled into debt loads they won't be able to sustain.

End-to-end wireless transactions provider Apriva has teamed up with parking payment technology provider Amana McGann to integrate EMV technology into parking systems across the United States.

Russian payments company Qiwi has hired Dmitry Danilenko as the head of its international money remittances and e-commerce division.