Visa has tapped Google research scientist Min Wang to run Visa Research Labs, an organization designed to expand Visa's development capabilities worldwide.

The Merchant Customer Exchange, backed by Walmart, Target and other mega-retailers, now operates in a market where Apple changed the ground rules. Though the initiative has yet to formally launch its CurrentC mobile wallet, MCX has already been forced to adapt many times.

The Costco cobrand card was a huge win for Visa, but nevertheless the card network's chief executive, Charlie Scharf, found himself defending the terms of the partnership.

Offering consumers more extensive ways to shop and pay whenever, wherever and however has become a competitive advantage for retailers.

Now that the Apple Watch has arrived, credit unions, banks and technology vendors are making a big effort on the wearable's small screen. Some are focused on alerts and budgeting; others take advantage of the device's unique hardware.

Corporate payment cards usually have sophisticated restrictions or controls designed to make unauthorized use difficult, if not impossible.

Offering consumers more extensive ways to shop and pay whenever, wherever and however has become a competitive advantage for retailers. So what can the accounts receivable management (ARM) Industry learn from the retailers clamoring to provide their customers with a perfect "omnichannel" experience?

Visa Inc., the world’s biggest payments network, posted a fiscal second-quarter profit that beat analysts’ estimates as consumer-card spending rose.

Citigroup and other banks are increasingly looking to startups to help them compete in a world in which Google, Apple and other tech firms are rapidly becoming potential threats.

Another Bank of America executive has joined Novantas, a maker of financial-analytics software for banks.

Data security organizations have developed an EMV chip-card education program to help independent sales organizations and software vendors simplify testing and certification for their merchant clients.

Everlink Payment Services Inc. of Markham, Ontario, has introduced a new anti-fraud service that allows Interac debit card users to activate and deactivate their accounts for security.

Mint Bills would like consumers to be able to pay their utility bills with a whole host of payment methods on mobile devices without a service fee. But when billers can't distribute the costs of certain payment methods, Mint Bills will make sure the fees stay low.

If banks and retailers want a piece of the mobile wallet pie that Apple Pay is steadily gobbling up, Nacha says it has a formula to achieve that.

Circle Internet Financial, a Bitcoin wallet provider, is looking to expand to China with the help of new investor IDG Capital Partners, which joined the $50 million Series C investment the company just secured.

Bindo is providing merchants using its iPad-based point of sale software an entry into e-commerce.

The conventional wisdom is that the boom in mobile device adoption will encourage the use of mobile wallets. AT&T is betting that the opposite concept — that mobile payments can lead to more smartphone use — can also be true.

Ironically, two current U.S. payment security initiatives – the EMV chip-card migration and the faster payments project – will prompt hackers to find new ways to compromise banking networks.

HARLAN, Iowa — Town & Country Credit Union, here, has chosen the Sharetec System as its new core processor.

Dekkers Davidson, called a "rock star" of mobile payments when he became head of the Merchant Customer Exchange two years ago, has left the building. But the show must go on for the merchant mobile wallet.