MasterCard is investing in and partnering with card technology company Dynamics to embed greater function into U.S. payment cards, a mission that has sputtered in past years.

Despite the many high-profile breaches that occurred over the past year, too many businesses have not adopted strong security practices and as many as a third don't have a clear understanding of where their sensitive data is stored or how it is protected.

The Aschheim, Germany-based payments company will process subscriptions for the TV station's Sky Starter and Sky Film packages.

Western Union has upgraded its foreign wire exchange platform by integrating software from Fiserv.

Mobile payment share for Alipay, the payment affiliate of Alibaba, rose to 54% of payments in the first ten months of 2014 from 22% all last year.

Following the disclosure by a name brand retailer that their point-of-sale (POS) system had been breached, shoppers outside one of the retailer’s brick and mortar locations unanimously told a television reporter that cash was the safest way to pay in-person.

Visa and Kofax are attempting to simplify complex invoice payments in Asia by introducing technology into processes that have long been handled manually.

A Canadian startup, Koho, is poised to begin testing a mobile financial product that helps customers manage spending — think card controls that prevent late-night withdrawals to fund one round of tequila too many.

SignaPay, a payment processing company based in Irving, Texas, has acquired PayHub, a merchant services company in San Rafael, Calif.

Alipay, the payments affiliate of Alibaba, leads the market for online third-party payment services in China, according to a recent iResesarch, a Chinese market research firm.

As mobile commerce and other new technologies change the way people shop, fraudsters are changing their methods to adapt. Banks, fintech providers and consumers are all looking at security in new ways.

Virgin Money has struck a seven-year deal with the British financial tech company Monitise to develop the U.K. bank's mobile products.

Multi-account card providers Coin and Stratos Card have an EMV compliance gap that may prove problematic for their relationships with card issuers.

MasterCard will soon make its digital wallet available to consumers in China.

Coastal Federal Credit Union has established a "digital banking" division to handle the increased demands of its membership for online and mobile services.

Wearable computing is very much a nascent market, but by using flexible programming methods PNC hopes to be ready to deploy payments apps when the technology takes off.

Total holiday sales are expected to reach $863 billion in 2014, up from $822 billion last year. That is a staggering amount of money, and the weeks between Thanksgiving and Christmas make or break a sales year for large and small businesses alike.

The biggest bank in the country now lets opted-in mobile Android and Apple customers view their balances without entering their user names and passwords.

California officials are considering whether to regulate digital currencies such as Bitcoin after concluding they have the authority to do so under existing law.

Earthport, a cross-border payments service provider, has partnered with the digital currency network provider Ripple Labs to allow enterprise businesses, including banks, to more efficiently transmit money worldwide.