TrueAccord, which formed in 2013, announced Tuesday its official launch along with the close of a $5 million venture capital funding round.

Tim Wennes began a one-year term as chairman of the Consumer Bankers Association this week. In an interview with American Banker, he spoke about the need for an open dialogue with the CFPB and made clear the association is prepared to fight regulatory initiatives in areas such as private student loans.

Apriva has added data analytics and business management tools to its payments software for bank and merchant services clients, along with a Web portal where merchants can review consumer behavior.

As merchants get more aggressive when attracting consumers on mobile apps, marketing is increasingly about proactive targeting that personalizes pitches for both what is offered, and when.

China UnionPay has an enticing mix of attributes that make it very attractive for a new travel payments play, said Celia Pereiro, head of Amadeus Travel Payments, a unit of Amadeus IT Group.

Amazon plans to discontinue WebPay, a service that allows people to send cash to each other.

ST. PETERSBURG, Fla. — For the third year in a row, employees of various credit unions across the nation spent 24 straight hours brainstorming the next great financial technology offering.

The U.K. telco-backed mobile commerce venture Weve is reportedly ending its plans for a universal mobile wallet. Its members will work on their own individual mobile wallets, which will be challenged when they face off against the upcoming Apple Pay.

Blackhawk Network has completed the acquisition of CardLab, a Dallas-based online provider of business-to-business prepaid incentive and rewards cards.

Apple's long-anticipated move into mobile payments seemed to cover all the bases — Apple Pay will launch with the support of major financial institutions, card networks and retailers. But there were several things that didn't make it into the first version of its mobile wallet.

E-commerce payments provider Adyen has partnered with Evernote, which offers software for note-taking and archiving, to launch Alipay's mobile-optimized checkout for users in China.

Host Card Emulation (HCE) is getting a lot of attention, since it offers virtual payment card issuers the promise of removing dependencies on “secure element issuers” such as mobile network operators (MNOs).

The term "opinion leader" has been used to describe those consumers who are wealthy, involved in their communities and knowledgeable about the world around them. Turns out, they also spend the most money on credit cards.

VeriFone and Creative Mobile Technologies are collaborating to remove a major barrier for the taxi rider who wants to use a smartphone to pay, but has the wrong app.

Square has raised $100 million in funding at a valuation of about $6 billion, according to Fortune, which attributed the news to market data source VCExperts.com

Apple's long-anticipated move into mobile payments seemed to cover all the bases — Apple Pay will launch with the support of major banks, card networks and retailers. But there were several things that didn't make it into the first version of its mobile wallet.

The Bill and Melinda Gates Foundation will provide $100,000 to organizations that promote the use of digital payments for the poor.

Just two days after Apple unveiled its new program designed to speed the adoption and use of mobile payments, Consumer Financial Protection Bureau Director Richard Cordray cited the burgeoning field as a key area of concern.

"What you are seeing is a company like Apple, representing 40 percent of operating system penetration, helping introduce [tokenization] for us in a way that consumers will find comfortable and easy to adopt," said Matthew Dill, Visa's senior vice president and head of innovation and strategic partnerships.

TrialPay has launched a software development kit called Evergreen, with the goal of expanding the company's mobile business.