An engineering student at Lund University in Sweden has created software that allows shoppers to pay for food by scanning their hands.

SmartMetric plans to introduce a facial identification feature to its biometric payment cards within the next six months.

Citigroup Inc., the third-biggest U.S. bank, reported an unexpected profit increase, beating analysts' estimates as the company recouped funds previously set aside for loan losses.

WARREN, Mich. — Member Driven Technologies, a CUSO that supplies IT solutions to credit unions across the United States, said two CUs have signed to convert their core processing to Symitar Episys via the MDT solution.

Hours after credit unions and other financial institutions were told by the Federal Financial Institutions Examination Council that they needed to find fast fixes to the "Heartbleed" bug, a new vulnerability that potentially could affect online and mobile banking, CUs were springing into action.

This rise in data breaches and their resulting cost have companies asking “Am I doing enough to protect my data?” As breaches are expected to continue escalating, taking the proper steps to protect your data has never been more relevant or important.

International translation service Welocalize has found payments to be a particularly tough language to crack, so it's embarking on a technology project that's designed to improve the system it uses to pay its many diverse business partners.

VERNON HILLS, Ill. — When it comes to social media in the credit union community, the spotlight quickly turns to Facebook, Twitter and Instagram, often ignoring LinkedIn.

Mobile wallets and mobile point of sale systems have tried many tactics to win over merchants by cutting costs. Some vendors have been extremely inventive in how they push cheaper payment options.

After years of speculation, Apple Inc. may finally launch a contactless mobile payments system with its rumored smartwatch.

The thaw between eBay Inc. and investor Carl Icahn began a month ago over dinner at the activist's New York City apartment.

You can't make everyone happy. This seems especially true for developing a Web payment standard to appease a vast number of stakeholders and interests.

Visa has created a new top post overseeing risk and public policy and named its next general counsel.

The future belongs to mobile payments, but that future remains unclear, as many competing technologies are vying for consumers' attention.

Bank of America Merrill Lynch is developing a product called CashPro BillPay, which combines the bank's CashPro Online treasury management product with Bill.com's payments technology.

The Federal Financial Institutions Examination Council told financial institutions Thursday to figure out fixes to a devastating security flaw that could put online and mobile banking applications at risk.

PayPal is recommending that some businesses upgrade their Payflow Gateway integrations to eliminate the risk of vulnerability associated with the widespread Heartbleed bug.

eBay has agreed to appoint business executive and former AT&T CEO David Dorman as an independent director, ending its public dispute with investor Carl Icahn, who will withdraw his proposals to separate PayPal from eBay and to place two other people on eBay's board.

More companies are accepting "altcoins" such as Litecoin and Dogecoin in addition to the more common Bitcoin, showing that even silly currencies based on Internet memes can open merchants to new markets of consumers.

Smartwatches may not be popular enough or have enough screen real estate to usurp smartphones as the next major mobile payment device, but there is a strong potential for the two technologies to work in tandem.