Simon Xie, an Alibaba Group Holding Ltd. co-founder and second-biggest shareholder of its finance affiliate that owns Alipay, may become a billionaire as the estimate for the value of the electronic-payment company rose.

When Fair Isaac Co. announced a new credit scoring model last week, it earned significant media attention and won praise for helping consumers marred by medical debt to boost their scores.

Even if it pushes the bank past the October 2015 deadline for EMV-chip card adoption, BMO plans to stick with its magnetic-stripe cards until each one reaches its natural expiration date.

Between record low net interest margins on credit card portfolios, continued downward pressure on debit card interchange rates, industrial-grade fraudsters, and anemic consumer spending, the ability for banks to profit from their payments businesses has never been more challenging.

Payment technology company ACI Worldwide has completed its $205 million purchase of the security vendor Retail Decisions Plc (ReD).

The share of mortgage applications for refinance loans has hovered above 50% since the first week in May, but that doesn't mean the mortgage industry is in the midst of another refinance boom, or even a boomlet.

Square, which has been scrambling to add fee-based services to pad the revenue it gets from mobile payments, faces a formidable new challenge in Amazon's launch of a rival mobile card reader.

Web.com, a small-business Web design and marketing company, will promote MasterCard's Simplify Commerce platform in an expansion of the companies' e-commerce partnership.

Online payment provider paysafecard is offering its customers a plastic prepaid MasterCard card to extend the company's e-commerce offering into the physical retail world.

The fueling operations provider Gilbarco Veeder-Root is integrating VeriFone Systems Inc.'s payment technology, enabling EMV-chip card acceptance and media displays at gas pumps.

PayRange, a distribution deal with Vistar, is launching a Bluetooth device through that lets laundry machines, vending machines and parking meters accept payments through the consumer's wireless connection.

Amazon.com Inc. has launched a Square-like mobile card reader called Amazon Local Register, charging early adopters just 1.75% per swipe until the end of 2015.

All of us who work in the technology sector can play a part in helping to figure out how to deliver economic services to nearly half of the world’s population, many of whom live without access to basic financial services such as a savings account.

Fleet card provider FleetCor's planning a major push into B2B electronic payments, and hopes to get a substantial boost from its planned $3.45 billion acquisition of Comdata.

BILLINGS, Mont. — The $36.7 million Rimrock Credit Union has selected core processor provider Sharetec System as its new core system.

MasterCard is offering its inControl system in the Asia-Pacific region through First Data, allowing corporations and consumers to manage their online purchases.

Social media sites, including Twitter and Facebook, have been enticing but sometimes hostile environments for payments innovation. Some startups are pushing past the platform providers to appeal directly to their users.

Total System Services Inc. is offering a tokenization service to secure payment card information for merchants accepting online, mobile or digital wallet payments.

Square recently ended a plastic card project out of concerns it would cause friction with the payment company's financial partners, according to Fast Company.

Transfast, an international remitter, is launching a money transfer service in Mexico to allow recipients to collect funds in a bank account within minutes.