A bipartisan cybersecurity bill backed by the financial industry failed to clear a key procedural hurdle Thursday evening, raising fresh questions about when or if the legislation can advance past the Senate floor this year.

Swedish e-commerce payment gateway Klarna has hired former American Express executive Michael Rouse to be the chief commercial officer for the company's U.S. launch this year.

Visa has elected Lloyd A. Carney as the twelfth member of its Board of Directors and a member of the Board’s Audit and Risk Committee. His position came into effect June 11.

Consumers in the Asia-Pacific region no longer view the MasterPass wallet as an option only for big-ticket purchases.

The explosive growth of mobile applications has inspired financial firms to create tools that aim to make it easier for customers to save, budget, pay bills and send money to friends and family. But the rise of the app has also opened up financial firms to a host of security issues and privacy concerns.

Jack Dorsey is following in the footsteps of his Silicon Valley idol – Steve Jobs.

Before Target, there was TJX, the major 2007 breach that impacted about 45 million credit cards. The crime and its prevention were basic, and provide a lesson for today's retailers that are battling a new wave of data theft.

Apple's plan to launch Apple Pay in the U.K. with the support of a solid number of issuers came as no surprise — except for the omission of Barclays, the leading issuer and acquirer in the country.

Apple is doing a lot more with its mobile wallet, with a focus on making Apple Pay a more palatable option for retailers. The company is also making moves to beef up the features visible to consumers and expand to new regions.

Jack Dorsey will be doing double duty soon. The 38-year-old Missouri-native will be serving as the interim CEO of Twitter, while also continuing to serve as the CEO of Square Inc.

Reconnecting to his youthful punk rock days, billionaire Sir Richard Branson's Virgin Money U.K. is offering a credit card featuring the Sex Pistols.

Facebook is expanding use of its "buy" button through merchants on the e-commerce platform Shopify, allowing consumers to purchase items from Shopify merchants on the social media site.

The digital currency world is readying itself for more regulatory penalties over the failure to meet Bank Secrecy Act and anti-money-laundering requirements following federal agencies' action against Ripple Labs last month.

Mobile banking has virtually hopscotched here with members having instant, face-to-face access to Xceed Financial Credit Union associates via a smart phone, laptop or desktop computer.

Citizens Financial in Providence, R.I., has signed a five-year agreement to outsource some of its IT infrastructure to IBM.

Merchants have an appetite for mobile technology, but they don't always know how to feed their hunger, according to PayPal's Brad Brodigan.

Nearly 80% of consumers making payments to doctors or hospitals would prefer to do so through a one-click method on their health-plan provider's website, according to data from health care payments provider InstaMed.

Banks are under significant pressure to modernize payments or lose customers to more nimble digital challengers. But regulatory obligations, which at times hold banks back from being innovative, are also the reason banks become the hero in resolving disputes over charges.

Wirecard AG has added a link to Google's search engine marketing service to its Checkout Portal.

Ingenico Group has provided its EMV-enabled terminals and software to the retailer Batteries Plus Bulbs, in preparation for the October deadline for EMV-chip card adoption.