SumUp's plan to create an end-to-end mobile payment system without reliance on third parties became a reality this week with the rollout of a chip-and-PIN mobile card reader and terminal system.

There’s no doubt that the payment industry has gone through significant changes over the last few years. The implementation of stringent federal regulations presents a number of challenges for payment processors. And with increasing instances of frauds and disputes, merchants and customers alike are expecting payment service providers to ramp up in terms of security measures, yet still make transacting easy for them.

The fleet card provider WEX Inc. has extended its contract to provide private-label and fleet card services for Phillips 66.

The Nebraska State Treasurer's office has partnered with PayNearMe to allow residents who prefer cash a way to make online payments.

VeriFone and iPayment are partnering on a tablet-based point of sale system to provide small-business owners the types of services more commonly used by larger businesses.

Intuit Inc. has entered an agreement to buy Check for $360 million, adding payment capabilities to its online and mobile personal financial management (PFM) offerings.

Widely regarded as a titan of online payments in the United States, PayPal has built a significant business in Europe as well. But is its online payments business a strong foundation for the still-nascent mobile money market here?

Google Inc.'s YouTube is developing a feature that allows the video site's viewers to send funds to content creators.

North American coffee chain Tim Hortons Inc. is diversifying its mobile payment options.

Since its formal launch, Isis has very aggressively marketed its mobile wallet. The venture of AT&T, Verizon Wireless and T-Mobile has offered numerous freebies and statement credits to anyone willing to try it out, and recent figures show that these efforts may be paying off.

The telco-driven Isis wallet is working to transform its consumer base into its newest sales force.

AUSTIN, Texas — While there are numerous customer relationship management (CRM) tools on the market, out-of-the-box solutions usually don't do the trick.

BURBANK, Calif. — UMe Federal Credit Union had a problem. Though the $160 million, one-branch CU had a mobile banking application available to its 13,050 members, only a small percentage were using the service.

VIENNA Va. — One credit union has been so successful promoting itself on Facebook, that even Facebook took notice, publishing a case study based on the results.

FORT WORTH, Texas — For many online banking transactions, "taking" and "holding" are two different concepts.

BRISBANE — An Australian credit union has taken the plunge on a technology overhaul that could serve as a model for U.S. credit unions and banks that have been reluctant to replace core systems.

NEW ORLEANS — A concept designed to expand what credit unions can do with mobile banking and on mobile devices is the winner of the 2014 CO-OP THINK Prize and $10,000 furnished by MasterCard.

MIDDLETOWN, Ohio — MidUSA CU has launched a holographic telepresence system that virtually allows staff to be in two places at once.

More community banks are offering Small Business Administration loans far beyond their local markets, hoping that the income boost outweighs the long-term risk of lending in unfamiliar regions.

Traxpay Inc. wants to provide flexibility and speed when business-to-business payments hit unexpected snags that traditional banking systems can't resolve.