Commuters in New York City may still use magnetic-stripe MetroCards to pay fares for five years to come, but transportation officials say they are considering some more modern options.

Payleven is launching a new chip and PIN card reader that's capable of accepting Near Field Communication contactless payments, with the aim of cutting costs for European merchants.

The recent security breaches at Nieman Marcus and Target remind us in the payments industry that as criminal efforts to steal cardholder data become more sophisticated, so must the methods we use to prevent these crimes.

A 2012 proposal to enable the processing of electronic transactions on the same day they're initiated died unceremoniously. But now there's a renewed push for faster payments.

Global payments provider Payoneer will handle Google's "insurance" payments to consumers as part of the Google Trusted Stores program.

Wine may improve with age, but point of sale technology does not. Years ago, when ShopKeep POS founder Jason Richelson operated the Green Grape wine store in Fort Greene, Brooklyn, he struggled so often with archaic point of sale systems that it motivated him to develop his own alternative.

International Bitcoin businesses have been sizing up the African market for some time, but they face massive regulatory hurdles throughout much of the continent.

The corporate payment provider Wex has elected Eric Duprat to its board of directors.

SAGINAW, Mich. — A credit union here has been going a little wild. In the last few years, Wildfire Credit Union changed its name, transformed technology offerings in its four branches (three of which are new), remodeled its headquarters and is getting ready to install a new account-processing platform.

Burger King Worldwide Inc. is introducing an application that will allow customers to pay for Whoppers with their smartphones as it races rivals to woo younger diners.

Acculynk will provide its payments processing gateway, PayLeap, to customers of cloud-based global e-commerce provider Ecwid.

Some of the nation's biggest banks killed a proposal in 2012 that would have enabled electronic payments to be processed on the same day they're initiated. Now the industry group that championed that plan, Nacha, is reviving its effort to speed up payments across the network that connects every U.S. bank and credit union.

Riders on Chicago Transit Authority buses and elevated trains will make all payments with the Ventra transportation card starting July 1, the CTA announced this week.

In the truck business, speed matters. And nothing slows down a payment like a paper check.

Treasury's Bank Secrecy Act Advisory Group will include a member of the virtual-currency community to help make regulations "better informed and more effective," David S. Cohen, the undersecretary for terrorism and financial intelligence, said today.

WEST JORDAN, Utah — In what is being billed as an industry first, Mountain America Credit Union closed its first electronically signed FHA mortgages Monday under the Federal Housing Administration's new e-sign policy.

One of Bitcoin's scariest traits is the digital currency's chaotic price fluctuations, making many consumers afraid of losing money if the price abruptly plummets.

American Express Co. agreed to spin off half its business-travel unit in a $900 million deal that creates a joint venture with a group that includes Qatar's sovereign-wealth fund.

Virtual Piggy, the provider of Oink payments, will provide its alternative payment system to the European Games Group, which has roughly 16 million players worldwide.

Deutsche Telekom and mopay are extending their carrier billing partnership, which allows consumers to make purchases by adding them to their phone bill.