Square Inc. says it has received more funding for its Square Capital program, which grants loans to Square merchants based on their transaction history.

MoneyGram has renewed its relationship with Minnesota's Bremer Bank to assist with its check services.

Last year, Fifth Third underwent some organizational surgery to unify its payments operations. Now, the company is prepared to test this new structure by addressing the intricate needs of the health care industry.

Card networks have built their legacy on transporting payments and consumer data, and over time the data itself has become far more complex.

For many industries, the introduction of open standards has been a key driver for innovation. The rapid evolution of the internet and online services offer a vivid example of the degree to which open standards can enable immense innovation and growth.

A new series of reports from analytics and consulting firm Accenture found that nearly 90% of the 450 financial firms surveyed plan on increasing their spending in risk management related to cybersecurity and fraud detection and prevention.

ST. LOUIS — Lutheran Federal Credit Union here recently began operations after years of planning, and the start-up CU is using Share One's core processing technology known as NewSolutions.

A group of small banks and credit unions could not persuade a judge to block the settlement Target and MasterCard reached last month that would reimburse banks on the card network $19 million for losses related to the retailer's breach.

A group of credit unions and small banks could not persuade a judge to block the settlement Target and MasterCard reached last month that would reimburse banks on the card network $19 million for losses related to the retailer’s breach.

Opening the door for banks to offer non-branded PIN debit cards and even mobile wallets, the Debit Network Alliance is developing its own application identifier for routing transactions from EMV-chip cards.

Latin America is becoming a must-have market for mobile payments, replete with fast growing m-commerce adoption and card network investment.

Google's Android may have more smartphones in circulation, but Apple's iPhone is responsible for the bulk of the spending from mobile wallets.

As many companies scramble to find the winning formula for mobile payments, they are coming to market with distinctly different ideas. It's still not clear what the best tactic should be, but a few mistakes stand out as lessons for others.

Paytm, a major mobile wallet in India with backing from China's Alibaba, is gaining acceptance through restaurants like Domino's and setting the foundation for a larger Alibaba presence in the country.

While startups across the globe focus on building new payments technology, countries may fare better by recycling their old technology when building a national infrastructure for faster payments.

The Fintech Sandbox — an accelerator of sorts for startups — has attracted ten data providers and eight fintech startups in two months. But it’s still missing what it needs most: bank members

As big retailers like Walmart are more actively pushing consumers away from signature-based transactions to PIN-based transactions, credit unions stand to lose precious interchange income. But industry insiders suggest CUs may have some tricks up their sleeve to mitigate this challenge.

The good news is that EMV is very effective at preventing the use of counterfeit credit/debit cards at the point of sale (POS), commonly referred to as card-present (CP) fraud.

Card issuers, already fighting the threat of mobile wallet initiatives that draw funds directly from bank accounts, must now contend with a new partnership that makes carrier billing a more viable replacement for bank cards at the point of sale.

Payments technology tester and certifier Fime will serve a one-year term to represent the technical associates program on the EMVCo board of advisors.