Let Target's settlement with MasterCard over the retailer's massive data breach serve as a reminder of the need for all participants in the payments system to play by the same set of rules.

Mobile wallet makers are not content to stay in their own backyards. Many prominent names in mobile payments are increasingly active on foreign soil.

In the payments industry, it can often seem like there is a new innovation every hour of every day.

Banks' technology investments are helpful but fail to ease customer concerns about the security of personal data, hidden fees and other problems, a new survey shows.

It took a long time, but the U.S. banking industry has finally embraced the concept of speedier payments.

The U.S. financial system has weathered several external threats in the past year, but significant hazards remain, including the potential for cyberattacks and excessive concentration of risk in central counterparties, according to a report by the Financial Stability Oversight Council.

Bitcoin startup 21 Inc. has revealed its plans to create a mining chip called a BitShare that would be embeddable into Internet-connected devices to continuously mine bitcoins.

Mobile devices have the potential to improve security through the use of tokenization, biometrics and account controls. But some companies have encountered recurring issues with the transition to mobile payments, and others may overlook beneficial security technologies to reduce friction.

Alternative payment systems like Visa Checkout promise to reduce cart abandonment compared to the more drawn-out process of typing in credit card and shipping information. According to recent figures from Visa Inc., Visa Checkout is delivering on that promise.

The plan calls for the implementation of two new same-day settlement windows by March 2018. Fees that banks and credit unions will pay each other to cover the cost of the upgrades have been decreased.

If Verifone wants to benefit from the major card brands' efforts to operate in China, it must confront a virtual army of independent sales organizations already selling low-cost payment terminals.

Payments startup iZettle AB, a Swedish rival to Jack Dorsey's Square Inc., will start selling a credit-card reader that lets shoppers pay by tapping the device with a smartphone or bank card.

MasterCard is betting that faster payments will appeal most to corporations and government agencies — not for collecting payments, but for disbursing them, particularly for insurance claims.

E-commerce is just a sliver of the Polish payments market, but that's likely to change quickly, and Raiffeisen Polbank is partnering with EVO Payments International to form a new company to compete for merchant clients as development cycles shorten.

In the payments industry, the common practice is to equate mobile merchants with micro merchants, and to put them on a back burner for things like EMV upgrades.

In a move foreshadowed by Alibaba Group Holding's initial public offering in the U.S., the China-based e-commerce giant's Alipay division has received a U.S. money transmitter license.

BNY Mellon has launched Payment Analytics, a service that gives heavy users of wire transfers insight into their payments, with the goal of making them more efficient.

Google's reported efforts to launch a buy button within mobile search results—and only mobile search results—is the latest sign that traditional e-commerce processes may not survive the transition to mobile devices.

The multi-account card world is getting crowded, especially for a product segment that is viewed as a bridge between plastic and mobile, meaning any entrant to this market has a very short window of opportunity.

While U.S. banks and clearing houses contemplate how to convert the country's payments system into near real-time, Taulia has made strides by offering a dynamic discounting option to encourage clients to use its technology for B2B payments.