Malicious software that blows past antivirus software undetected, combined with sophisticated social engineering (i.e. tricking employees of bank customers into divulging information), have enabled criminals to steal $500,000 to $1 million at a time, security experts say.

Boss Tech Support, a remote tech support provider, has adopted California's MyECheck services for its own electronic check deposit needs, in conjunction with SunTrust Bank.

Merchants are making a new argument in their years-long battle with banks over swipe fees, saying Apple Pay has locked them out of additional routing options mandated by Dodd-Frank.

Recent cyber-attacks on the protocol that has long secured Web connections and, more recently, payment applications are pushing the Payment Card Industry Security Standards Council to issue an update with strong implications for e-commerce sellers.

The payments environment is undergoing unprecedented change, yet many banks and payment companies are saddled with aging infrastructure which makes it costly to support new products and features. Additionally, fragmented governance and siloed business units running disparate payments operations can stifle innovation.

Rent payments are among the few lingering paper-based transactions, though a subset of the payments industry is shaking the trees to find ways to change that.

Europe is home to many innovative and disruptive banks, telcos and technology firms. Some of these are deploying mobile wallets that have the potential to span the entire continent.

Encryption still vastly outpaces tokenization as a means of defending data in the cloud, according to a new report from a cloud data cybersecurity firm, CipherCloud.

FICO and two data partners are testing a credit score based on alternative data that could help banks take smarter risks on borrowers with limited credit histories, but bankers' cost concerns and adherence to traditional methods present big hurdles.

Despite reports of an uptick in fraud related to Apple Pay, credit unions are still rushing to add the service, chalking up the latest string of financial fraud tied to Apple Pay as the price for early adoption.

Union Bank of Switzerland (UBS) has joined the ranks of cryptocurrency enthusiasts.

French terminal maker Ingenico Group will use Intel Corp. technology to develop a mobile tablet that supports EMV chip card and Near Field Communication contactless payments.

BROOKFIELD, Wis.—Fiserv Inc. announced DHCU Community Credit Union, a $488-million institution based in Moline, Ill., selected the technology firm's DNA account processing platform and several integrated solutions.

As digital technology has reshaped the acquiring business, some of the industry's biggest names are making splashy investments in mobile payments and merchant marketing.

Seeking online merchants that are angry about fraud-related chargeback expense, Kount and Ethoca are partnering to tip off businesses about payment cards that have a track record of suspect transactions.

The U.K. is ahead of the U.S. in nearly every aspect of payments, except for mobile or remote deposit capture—a technology designed for checks, which are in decline but still a preferred payment choice for a couple of industries.

Payment companies need to pay attention to social payments, which will get a major boost as consumers get more comfortable with mobile transactions.

FIS has designated a permanent area in its San Francisco office to test and showcase mobile banking and payment apps, highlighting the pressure on traditional vendors to stay current on emerging technologies and recruit young tech talent.

The administration's new step empowers Treasury to freeze assets of those behind attacks that harm the U.S. financial system or other "critical" infrastructures.

While Apple Pay has won the buzz war since its launch in October, Samsung’s mobile payment initiative is poised for higher use at retailers, according to Mike Cook, a senior vice president and assistant treasurer at Wal-Mart Stores.