In the Chinese payment processing space, which is dominated by government-controlled entities such as UnionPay, the dynamic of pursuing new customers is markedly different from in the U.S. This point was a key factor when investment firm TA Associates chose to invest in YeePay, a company with limited ambitions.

Everlink Payment Services has created a prototype wearable payment device that works with Interac Flash.

Flint Mobile is joining the many technology companies that are evolving from their roots as payment providers to become enablers of a broad range of services.

Four House lawmakers announced Thursday that they had formed a bipartisan group to focus on "the new and innovative technologies in the payments industry."

Some "friendly fraud" is more manipulative than friendly. Global Risk Technologies wants to help merchants appeal more chargebacks and get back some of the billions of dollars lost to friendly fraud.

Target Corp. agreed to settle with more than 100 million customers whose personal information may have been breached in a database hack in 2013, among the biggest to hobble retailers and banks in recent years.

American Express Co., the lender that cut ties with one of its biggest retailer partners last month, agreed to a multiyear venture with Charles Schwab Corp. to create two co-branded credit cards.

Target agreed to settle with more than 100 million customers whose personal information may have been breached in a database hack in 2013, among the biggest to hobble retailers and banks in recent years.

HAGERSTOWN, Ind. — Perfect Circle Credit Union signed with Member Driven Technologies, and said it will convert its core processing to Symitar Episys via the CUSO's solution.

Large financial institutions and card issuers are ready for the U.S. shift to chip-and-PIN technology, according to a report issued Wednesday. But the drop in fraud that is expected to result is unlikely to come any time soon.

The Mandarin Oriental hotel chain recently became the latest big business to suffer a data breach, sounding a call to the hospitality business to shore up security posture.

For the most part, big banks and trade groups have run the conversation on deploying a faster payment system in the U.S. But Nacha's recently proposed 8.2-cent fee for same-day Automated Clearing House payments has merchants taking notice.

As lawmakers consider federal notification and information-sharing measures, a state official expressed jurisdictional concerns about creating national standards.

RIVERDALE, Utah — With a technology-savvy membership, $6.3 billion America First CU lives on the cutting edge of financial products — and is willing to take the occasional swing and miss.

Kevin Cummings, the New Jersey company's CEO, transformed Investors to sizable bank prior to its second-step conversion last May. With $2.2 billion in capital and an updated core system, Cummings has his sights on the company's next growth phase.

American Express is spearheading a card-based consumer loyalty program featuring a coalition of major retailers, a move that has much in common with many retailers' moves in mobile payments.

The coffee chain announced plans on March 18 to begin testing delivery in New York and Seattle, with the iconic 102-story office tower serving as its Big Apple proving ground. In New York, customers will order through a Starbucks website and eventually transition to its mobile app.

The Purchase, N.Y. card network named Brian Lang to this role, where he will be responsible for growing the unit's business by introducing new technology and product offerings. Lang will succeed Betty DeVita, who will become chief commercial officer of MasterCard Labs in New York.

Branch closures can prompt online blowback as community members worry about employee layoffs and stranded customers. A bank's best move is to get in front of the issue and respond directly to locals' concerns.

Apple's Near Field Communication-based wallet was not universally welcomed by banks and merchants, but the in-app Apple Pay system is steadily gaining momentum as more retailers see it as a way to latch onto Apple's cachet without overhauling their point of sale.