PayPal and Apple are well positioned as the mobile wallet race shifts from pure payments to broader services such as marketing and aggregation, according to Forrester Research.

Mobile banking apps that allow consumers to proactively lock their debit cards, or limit their cards' use to specific scenarios, could shift the way banks manage fraud and even enable them to place some of the liability on the consumer.

Top executives from Bank of America, U.S. Bancorp, American Express, MasterCard, Microsoft and Apple are expected to participate as part of a White House summit on cybersecurity issues in California on Friday.

Temenos, a Geneva-based provider of core banking software to the financial services industry, has acquired Akcelerant, a financial services software company based in Philadelphia.

Temenos, a Geneva-based provider of core banking software to the financial services industry, has acquired Akcelerant, a financial services software company based in Philadelphia.

Google employees are testing a service that lets them make payments by speaking their initials to the cashier, according to an article in The Information.

PayItSimple USA Inc., which enables installment payments for merchants and consumers, has integrated with online payment processor Stripe.

Apple's mobile wallet has been out for just four months, and already it has shaken up the way mobile payments operate at the point of sale. It has faced pushback from some merchants and banks, but it has also popularized new forms of security and other payment technology.

The central bank is floating the concept of using the Internet to facilitate the direct clearing of transactions between financial institutions, which would likely diminish its own role in the U.S. payment system.

The central bank is floating the concept of using the Internet to facilitate the direct clearing of transactions between financial institutions, which would likely diminish its own role in the U.S. payment system.

MoneyGram has extended its relationship with SBI Remit in Japan, providing services both online and through walk-in locations to customers in Japan who want to transfer funds internationally.

TransferTo has launched a global value remittance hub to connect money transfer providers such as Western Union and WorldRemit to local merchants.

Encryption has become a political hot potato for the Payment Card Industry Security Standards Council as it compiles a list of validated encryption vendors and services — and leaves off some companies that say they deserve to be recognized as secure.

There's an almost endless list of reasons for payment companies to avoid doing business in Russia, but the opportunities are just as vast.

This week's White House Summit on cyber security at Stanford University comes at a pivotal time for payment and security professionals, which have an opportunity to cooperate to fight Internet crime.

The creation of a new cybersecurity agency is the latest move by the Obama administration to combat the increasing threat of cyberattacks.

Sionic Mobile, an Atlanta-based mobile commerce company, released its Shop2Give app to the public today. The new app is designed to enable nonprofits to raise funds through consumers' mobile payment activity.

The creation of a new cybersecurity agency is the latest move by the Obama Administration to combat the increasing threat of cyber-attacks.

Hackers in several financial services industry data breaches targeted customer-contact information that is often thought of as less sensitive. But crooks can use that data and other bits of stolen info to do great harm.

Hackers in several financial services industry data breaches targeted customer-contact information that is often thought of as less sensitive. But crooks can use that data and other bits of stolen info to do great harm.