The Consumer Financial Protection Bureau filed a lawsuit against Sprint Corp., alleging it illegally processed improper third-party billing charges – marking the first time the agency has pursued a telecommunications firm.

Optimal Payments has released a series of onboarding and developer options in an attempt to stay nimble amid the growing market of companies that use application programming interfaces (APIs) to offer transaction capabilities to retailers.

Northern Data Systems, an owner and distributor of the Sharetec Core Processing System, said it has converted three Massachusetts CUs to the platform.

The world of commerce and payments saw a lot of movement in 2014 and we expect even further change in the coming year, as mobile technology matures and the use of social media as a transaction venue increases.

Nearly a decade ago, the Federal Financial Institutions Examination Council told banks that passwords are not enough to guard financial data, and many companies scrambled to evaluate new and sometimes bizarre alternatives.

Cubic Transportation Systems Inc. now offers Chicago transportation systems and its patrons a single mobile app for ticketing and contactless fare payments.

One big question in the debate over regulating cryptocurrencies is whether to apply existing rules to these new technologies or craft new ones. A state regulators' trade group recognizes that there may be no one right answer.

Adyen joins the ranks of financial technology companies to receive big money this week, announcing a $250 million funding round today.

NCR's Silver point of sale system has integrated SCVNGR's LevelUp mobile wallet and customer loyalty app.

The mobile point of sale provider ShopKeep is releasing hardware that is compatible with Apple Pay's Near Field Communication payment system and EMV-chip cards.

WEX Inc. has launched a new mobile application that searches for the most cost-effective gas station based on their location rather than just showing the price of gas.

Samsung is planning to launch a contactless mobile payment system in 2015 in partnership with payment company LoopPay, tech news site ReCode reported Dec. 16.

MBNA Ltd. is working with MasterCard Inc. to test the MasterPass digital wallet in the U.K., with plans for a possible launch in early 2015.

The field of P2P competitors has grown significantly since JPMorgan Chase, Bank of America and Wells Fargo founded clearXchange LLC in 2011, and the mega-banks' initiative still looks very much like it did three years ago.

The online art marketplace Etsy is steadily expanding its range of payment services, with its latest move taking aim at social media.

If you have been in the payments business long enough, you have seen trends come and go.

After spending 2014 digging out of fiscal slump, Verifone is setting up for an aggressive product rollout in the year ahead as it recovery shifts into high gear.

Initiatives such as Apple Pay and the upcoming CurrentC wallet are placing pressure on banks and retailers to accommodate the higher transaction speed, volume and performance expected on smartphones and tablets.

Stockpile, a company that provides digital gift cards for buying stock, has partnered with the financial technology vendor Yodlee to offer banks products aimed at encouraging consumers to save and invest.

The e-commerce provider Spindle has partnered with the payment processor TekTango to provide point of sale hardware with bundled payment processing services.