Spindle has revised its Yowza mobile shopping app to fuel further engagement with consumers through its commerce platform.

A criminal planting malware to render payment card data unusable and seeking a ransom from the victim to decrypt it, on average, is getting an astronomical 1,425% return on his investment, security vendor Trustwave says.

MARQUIS, a provider of data analytics/MCIF to financial institutions, said it has added nine new credit union clients over the past 90 days.

Merchants face a confusing onslaught of terminal updates, encryption, tokenization and EMV, placing organizations like the Payment Card Industry Security Standards Council (PCI SSC) in the role of trying to make sense of the changes.

In a letter to nine lenders, New York Attorney General Eric Schneiderman said investigators uncovered identity-theft schemes hatched by tellers at some of the biggest institutions.

Several weighty issues remain on the agenda for policymakers over the next few months, including everything from living wills to regulatory relief to a long-lost compensation rule.

Many community banks are trying to determine the right balance of in-house staff and outsourced assistance in the area of risk management. Cost cutting and regulatory oversight loom large over such decisions.

Apple Pay's launch was seen as so bank-focused that some retailers griped or outright rebelled against the Apple mobile wallet. But today, Apple made a major peace offering to the merchant community — and it's working with Square to make that happen.

Amazon.com Inc. built a Web- retailing empire by persuading consumers to pay for books, electronics and other merchandise online. Now it's targeting the next generation of shoppers.

First, Apple changed the payments playing field with the flashy launch of its Apple Pay mobile wallet offering. Now, Google's recent announcement of the soon-to-be-released Android Pay may have upset the apple cart. But regardless of who's in the lead, credit unions are in a position to make the most of this mobile wallets showdown.

U.S.-based payment processor Total System Services (TSYS) has launched a service called Chip Card on Demand that provides issuers the option to add EMV chips to compatible magstripe cards during the production process.

German digital payments company Wirecard has extended its international corporate payment services to include transactions in Chinese renminbi.

Dwolla is dumping its transaction fees to instead focus on making money from added features, services and custom software. It's a business model that others have tried before with mixed results.

IHL, which tracks retail payment trends, has slammed EMV in a recent report, calling it "a colossal waste of time, effort and capital to the retail industry."

There have been various media reports about some of the security shortcomings within Apple Pay. The shortcomings are not security holes per se, in the sense that a hole is generally unintended. No, the security issues were deliberate, done with the goal of making signups and initial usage as easy as possible for shoppers.

Investment in London fintech firms is soaring and young companies are being drawn to the area, especially the Canary Wharf district, thanks to the efforts of incubator Level39, a vibrant social scene, and close proximity to large banks.

London is turning into a major payments and financial services technology innovation hub, luring venture capital and talent from the U.S. and other parts of Europe.

Buyout firm Abraaj Group is working with Bank of America Corp., Goldman Sachs Group Inc. and JPMorgan Chase Inc. as it plans an initial public offering of its stake in a credit-card processing business, according to people with knowledge of the matter.

Commerce Bancshares in Kansas City, Mo., has established relationships with several new organizations, including environmental groups and universities, to offer co-branded credit cards.

The traditional cash register is making way for new technology based on tablets, smartphones and other, sleeker devices. These products open up a range of new capabilities for the retailer and the consumer.