Technology is rapidly changing payments, turning it into something that more closely resembles a layered ecosystem like an electrical grid than a traditional financial service.

SAS has launched a new solution designed to allow banks to rapidly test anti-money laundering scenarios, the business analytics software and services provider announced March 16.

The Consumer Financial Protection Bureau announced Tuesday that it's seeking public comment ahead of a second study on the credit card market that could pave the way for new regulations or enforcement actions.

Facebook's Messenger app will soon let users send funds to one another, and the social network's use of payments to drive advertising and other business services is unlikely to stop there.

The megabank-led clearXchange digital payment network, which now counts U.S. Bank as a participant, plans to use its considerable reach in the coming year to diversify its capabilities while also pushing for collaboration among other providers.

Purchase, N.Y.-based MasterCard is working with Sao Paulo, Brazil-based Itau Unibanco in establishing and operating an electronic payments network in the South American country.

Alibaba Group Holding Ltd.'s finance arm, which owns Alipay, plans to use a partnership structure to allow top management to maintain control of the company's board after an initial public offering, according to people familiar with the matter.

Of the many smartwatch apps teased during last week's Apple Watch reveal, only one came from a bank: Citigroup.

As payment providers shift more of their operations online, they may still find a need for spoken communication with their clients — even when those clients also sell exclusively online.

Fime has updated a validation tool with Barnes International for issuers to test Visa's cloud-based Host Card Emulation processes and payment tokens for contactless payments.

Westamerica Bancorp. probably expected little trouble when it asked for regulatory permission to close a small branch in northern California. Wrong! Welcome to the world of online petitions and social media.

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.