The prepaid industry is maturing, and leaders are providers that have maintained product flexibility and innovation and married it with the processes, technology, compliance and user experience that is needed in today’s dynamic marketplace.

Chicago-based security vendor Trustwave says 90% of Verifone card readers it tested for the first time still carried the default password. These findings reinforce the perception that many merchants don't follow the basics when it comes to their own security.

A quick explanation of why bank customers and regulators are demanding that the U.S. move to a real-time payments system.

The financial industry and the Federal Reserve are finally on the same page about the U.S. payment system's need for speed. But achieving consensus about what the new system should look like remains a tall order.

Speedier transactions could make a big difference for a wide range of consumers, from hourly workers to patients waiting for medical insurance claims to clear.

It took a decade and a government mandate for the U.K. banking industry to develop a set of rails to transfer funds from one bank account to another in seconds.

Fedcoin could have a lot of benefits, such as helping unbanked buy goods and pay bills online. But about those "know-your-customer" risks....

ARLINGTON, Va. — The Federal Financial Institutions Examination Council (FFIEC) has released two statements concerning ways that financial institutions, including credit unions, can identify and mitigate cyber-attacks that compromise user credentials or use destructive software, known as malware.

Major Indian payments vendor Oxigen is planning for some serious expansion—to the tune of 1,500 new hires and roughly $200 million in new fundraising by June—as it starts focusing on suburban and rural India especially in east and central India, according to a PTI report in Livemint.

When it comes to biometric authentication, Samsung is looking way beyond fingerprints.

Modern payment terminals are streamlining the update process for merchants by enabling instant updates of their capabilities, and U.S. Bank is taking advantage of this technology to rapidly get new offerings to market.

Security services firm ControlScan has updated its SiteWatch software to help acquirers and payment facilitators detect e-commerce fraud.

Santander Innoventures Fund says it has earmarked $5 million to Israel-based mobile payment and loyalty provider MyCheck as its first investment.

Banks have been experimenting with biometrics for decades. (Most) recent initiatives show real promise for self-identification using physical characteristics.

Fresh off its success in the Philippines, Seattle-based transfer company Remitly is using mobile security and other digital features to tap other markets, where an endless supply of competitors and fraudsters await it.

Geopolitical and regulatory risks are rampant in Europe, but Visa Europe is well positioned to weather the storm.

Alternative financial service providers that sell prepaid cards, bill pay, check cashing and other services to underbanked consumers are becoming more sophisticated with the ways they mine customer data.

Keith Rabois, the former chief operating officer of Square who resigned that role in 2013, will leave Xoom's board of directors on May 28.

As more mobile wallets come to market, security becomes a more common selling point. Some stick to tried-and-true methods like typing a PIN or password, but others are experimenting with less conventional ideas.

Throughout all of 2014, only 22% of consumers surveyed for an annual Federal Reserve Board study said they initiated a mobile payment during the year. This was just five percentage points more than the prior year, despite 2014 bringing the launch of Apple Pay.