We value the importance of building and maintaining positive customer relationships. But, how do you also manage the ever increasing levels of fraud and mitigate risk?

Venmo, a mobile person-to-person payment system now owned by PayPal, rocketed in popularity with millennials by treating money movement as a type of social interaction.

Apple is launching its mobile in the U.S. only, but Visa Europe is working closely with its member banks and the tech giant to bring Apple Pay to Europe as well, and there are signs that Apple has its sights on other markets.

U.S. merchants will have to upgrade their terminals soon to be able to support the influx of Apple devotees who will want to use their new phones to make payments.

LightSpeed Retail Inc., a Canadian retail software startup, plans to introduce a payments system and boost its international presence with $35 million in funding from INovia Capital and Accel Partners Ltd.

Consumers in China using the Alipay Wallet will be able to use fingerprint scanning technology from Nok Nok Labs to replace passwords when engaging the wallet for e-commerce payment transactions.

It's time for the Payment Card Industry Security Standards Council to work with acquirers in providing merchants with "PCI in a box," said Stephen Orfei, the council's new general manager.

EMV, or "chip cards,” have been around for more than a decade and are available in more than 80 countries.

Chase Paymentech has opened three developer labs in the U.S. to accelerate Apple Pay adoption in mobile commerce.

Three New York bank tellers have been arrested and accused of participating in an identity theft ring, state Attorney General Eric Schneiderman said Sept. 16.

NexID Biometrics, an authentication technology provider in Potsdam, N.Y., has enhanced a fake-finger-detection solution for fingerprint-sensor systems.

From the moment Apple revealed its mobile wallet to the world, PayPal has taken a very outspoken stance against it.

Subway's substantial support of the telco-led Softcard mobile wallet and the recently unveiled Apple Pay, which both use Near Field Communication for payments, is a sign that the technology's interoperability is paying off in larger deployments.

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.