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.

Most banks that deploy voice authentication require a specific spoken passphrase. Eastern Bank customers can have a normal conversation with call center reps; software in the background compares their voice patterns to a recorded snippet.

Most passwords rely too much on pet names, anniversary dates and other easily-guessed concepts. But replacing those words with pictures could provide a substantial improvement in security.

Tyro Payments, of Australia, will integrate its point of sale technology with the in-restaurant ordering and payment system made by Canada's TouchBistro.

Financial services technology provider Fiserv has updated its capabilities to handle EMV-chip card production entirely in-house.

Most passwords rely too much on pet names, anniversary dates and other easily-guessed concepts. But replacing those words with pictures could provide a substantial improvement in security.

Forget about Bitcoin or other digital currencies. Consumers already have an alternative to cash – reward points – and the fast development of mobile wallets will enable them to spend these points widely.

The most striking thing about Apple Pay's recent loyalty announcement is that it included no loyalty program for Apple Pay.

Security researchers say criminals are turning away from malware-only attacks and preying on unsuspecting call center reps, merchants and consumers with simpler, more traditional schemes.

Earvin "Magic" Johnson has made several moves in the payments industry over the years, and the latest puts him on Square's team.

Members of Xceed Financial Center now have instant access to an associate through their smart phones, laptops or desktop computers with the credit union's new virtual banking product — Xperience Center — which recently went live.

The nature of fraud in the U.S. is about to change radically, as fraudsters adapt to EMV security at the point of sale by shifting their attention to e-commerce channels. Accompanying this shift are changes to the consumer's role in spotting fraud — but this could be as much a burden as it is a benefit if banks and merchants are not careful.

Royal Bank of Scotland Group Plc said some customer payments went "missing" at its consumer bank in the latest glitch after the lender was fined for a computer failure.

Traditional non-bank payment providers have elected several unconventional names to represent the industry on the Federal Reserve's Faster Payments Task Force steering committee.