Square's decision to scuttle its consumer-facing Order app shines an uncomfortable spotlight on the challenges inherent in creating technology that appeals to both consumers and merchants.

Wirecard, a German white-label electronic payment provider, will offer its "boon"-branded mobile payment app to Drillisch, a German telecommunications provider.

WEX Inc.'s Australian subsidiary WEX Finance has received a MasterCard issuing license, the company announced March 16.

It's become apparent that more organizations are attaining PCI compliance, but far fewer can stay in compliance for a reasonable period of time.

One of the longest discussions regarding the U.S. EMV migration is the choice of chip and PIN or chip and signature as the card verification method (CVM).

The mobile wallet landscape has always been dynamic, and recent consolidation and upheaval have changed it once again. As older products fade or rethink their model, newcomers are bringing bold new ideas to market.

BROOKFIELD, Wis. — Columbia CU, based in Vancouver, Wash., has selected the DNA account processing platform and several integrated solutions from Fiserv, Inc.

Israeli payments technology provider Zooz has recently moved into the financial capitals of the world, opening offices in both New York City and London.

Visa Inc.'s CyberSource has joined the Anti-Information Fraud Society in China, which was established to create a safer online payment market.

Innovation must be tamed. Let it run wild and risk serious economic consequences, not to mention hefty fines.

It's not always fun to be the butt of a joke, but in the financial services industry, it's often unavoidable. Some companies are embracing this role to turn the mockery into marketing.

Intuit Inc. has dipped its toe in the payments pond often, and now the business software provider wants to make a bigger splash by enticing more merchants to use QuickBooks Online.

Sibling rivalry can be fierce. While Visa Europe pushes its own technology for online and mobile commerce — setting the stage for Apple Pay in the U.K. — its brother VocaLink is readying the launch of Zapp, a payment system that that cuts the card networks out of the equation by directing purchases through bank accounts.

UTICA, Mich. — The recent hacking of a Montana credit union provides a stark lesson for CUs across the nation about the security of their web sites — namely that they aren't as secure as executives think.

Smaller banks need to develop detailed marketing plans to reach out to cardholders, while also working with their processors to prepare for the transition to EMV cards.

When it comes to protecting sensitive payment data, call centers are often the forgotten operation, and card data leaks out unintentionally. Protected data spoken in one cubicle can be overheard by 20 nearby reps, along with any customers on the phone with those reps.

The check may not be in the mail. Today’s consumer uses an average of three different payment methods each month, from online to mobile to walk-in and yes, even the occasional check, according to Seventh Annual Billing Household Survey from Fiserv.

Former senior JPMorgan Chase & Co. executive Blythe Masters is heading a cryptocurrency startup that aims to overhaul the way traded assets are settled and recorded.

Community banking groups have recently struck referral deals with marketplace lenders that could add revenue in the short run, but they might be giving away potentially valuable data and customers in the process.

Square has boosted its technology capabilities while expanding its presence in Canada through the acquisition of Toronto-based Kili Technology Corp.