London-based Currency Cloud has closed out a Series C funding round, attracting $18 million from new and existing investors.

Trustwave researchers have discovered a vulnerability in RubyGems, a software distribution programming language that's used for many payment processes.

Royal Bank of Scotland Group Plc said it has processed the 600,000 credit- and direct-debit transactions that were delayed last week in the government-owned bank’s latest payments failure.

Avangate, a cloud commerce provider, has added new features to attract online services providers, such as improving payment collection for software-based companies and boosting consumer retention techniques.

MONETT, Mo. — Jack Henry & Associates, Inc., provider of technology solutions and payment processing services primarily for the financial services industry, said Tampa, Fla.-based Suncoast Credit Union selected Episys for its core processing.

Small to mid-size credit unions and regional banks could be at greater risk of SMS phishing and phone attacks than their big-bank counterparts, according to one cybersecurity expert, who analyzed the frequency, location and targets of actual known attacks.

Bankers are banding together to combat cybercrime and Chris Feeney, new head of the Financial Services Roundtable's technology arm, wants to play a central role in keeping it a team effort.

E-commerce technology company Spindle and payment gateway PayLeap are combining products in an attempt to lower costs for small to medium-sized gun clubs.

Following up on First Data's launch of the Clover Mini mobile point of sale device, TruBeacon has placed software in the Clover App Market that will link data from the payment terminal over a network of multiple retail locations.

The Dinube digital payments network plans to bypass legacy card networks while providing merchants and consumers in Europe's Single Euro Payments Area a real-time payment system without interchange pricing.

Visa and MasterCard are putting more resources than ever behind their tokenization services as they push to improve their standing in the overall digital payment market.

Mobile payments are hot. Industry insiders both hope and fear new technology will upend reigning retail payment systems such as Visa, MasterCard and American Express.

The deal is the latest step by eBay to focus on its online marketplace as it restructures. The San Jose, Calif.-based company is scheduled to spin off its PayPal transactions business in the third quarter.

The Consumer Financial Protection Bureau has fined a medical debt collector and ordered the company to provide financial relief to consumers for mishandling credit-reporting disputes.

Mobile card acceptance devices have changed a lot in recent years. They are now much more complex than the simple plug-in card readers many are familiar with. And their evolution is far from over.

Visa is trying to accelerate the rollout of new digital payment services by making it easier for companies to connect with each other, but its terms may undermine the business models of larger tech companies.

What good is having a mobile point of sale (mPOS) device if retailers glue it to the countertop? In a new IHL report that tries to size up the mPOS market, IHL points out that most merchants are happy to ignore the mobility inherent in their new technology.

Royal Bank of Scotland Group Plc said it has processed the 600,000 credit- and direct-debit transactions that were delayed this week in the government-owned bank's latest payments failure.

Banks are becoming interested in behavioral biometrics, or turning a consumer's unique physical handling of a mobile device into a security profile, but the more appealing use case could be for payment acceptance.

Banks are choosing to enable payment functionality through third party “Pay” wallet offerings in most part, and not their own mobile apps. And these are the same internet and technology companies banks themselves perceive to be their biggest threats.