Payment services entrepreneur Boris Kim has been elected chairman of Moscow-based Qiwi's board of directors.

CheckAlt, a Los Angeles-based payment processing company, has purchased ERAS, a financial software firm that was owned by Diebold Inc.

INDIANAPOLIS — Harvester Financial CU Monday announced it has successfully completed converting its core system to Sharetec.

Enabling payments for online services is the next big opportunity in e-commerce, says Carl Theobald, CEO of digital transaction technology company Avangate.

Israeli contactless payment technology provider On Track Innovations (oti) is expanding its reach to enable self-service payments on several fronts.

PayPal President David Marcus is leaving the eBay unit to lead Facebook's messaging products.

Affirm Inc. has raised $45 million to help it target consumers looking for new credit tools to make purchases online, Chief Executive Officer Max Levchin said at Bloomberg's Next Big Thing Summit.

American Express Co. reached a deal that will allow customers of car-service firm Uber Technologies Inc. to book rides using rewards points.

Apple's plan to introduce a new Lightning connector for headphones, potentially replacing the standard 3.5mm jack, could give mobile payment companies a major hardware headache.

Amazon.com Inc. will enable scheduled payments of fixed or variable amounts in attempt to attract businesses that rely on subscription-based or recurring transactions.

Payoneer, a cross-border payments company, has received an investment from Ping An, a Chinese financial services company, to expand its business in Asia.

For consumers, snapping a smartphone photo of a paper check is a fast and convenient way to make a deposit. But it's also a common way to commit fraud.

WASHINGTON — Payday lenders are raising the stakes in their pushback on Operation Choke Point with a lawsuit against banking regulators, alleging that "back-room pressure of banks" to dissolve longstanding relationships with payday shops and others is unfairly harming the industry.

Mobile commerce provider Spindle has named a new vice president for its affiliate marketing program.

Mobile payments and ticketing promise a smoother process than waiting in line to purchase a paper ticket, but often, the reality is that a mobile ticket is only as good as the mobile phone's signal.

Wearable payments will be one of the ways bank customers do transactions in the future.

The next decade could be the most transformational period the financial services industry has ever seen, and new payments technology such as digital wallets can help institutions compete in the years ahead, says American Express' Dan Schulman.

Greylock FCU is launching a new CUSO called Greylock Technology Group, which will provide custom programming, training and DNAapp development for financial institutions that use the Fiserv DNA software system.

Square's new Order app allows consumers to order and pay at Square merchants before arriving at a merchant's store. The process for ordering is different for each merchant, based on the level of information they provide to Square.

VeriFone's second quarter revenue increases signal the company is heading in the direction CEO Paul Galant envisioned when becoming the head of the terminal maker in October 2013.