LATHRUP Village, Mich. -- Michigan First CU converted its core processing system to San Diego-based Corelation, Inc.'s KeyStone system.

Mt. Gox, the Bitcoin exchange that halted withdrawals this month, went offline as industry peers distanced themselves from the Tokyo-based company in an effort to defend the virtual currency.

Target's recent commitment to fast-track its conversion to EMV smartcard technology may not trigger an avalanche of U.S. retailers doing the same, but Target's move seems to have become a catalyst to resolve the payments industry's other issues around EMV adoption.

MasterCard and telcommunications technology provider Syniverse are testing a service designed to protect card transactions for travelers by allowing payments only when a user's mobile device is switched on in a specific location.

MasterCard, Deutsche Telekom, Telefonica Deutschland, Vodafone and Trevica are partnering on a mobile payments initiative in Germany, where interoperability issues have long hampered the mobile commerce market.

PayPal will support mobile fingerprint authentication on the upcoming Samsung Galaxy S5 mobile phone, enabling Samsung customers to use their fingers to log in to shop at merchants who accept PayPal.

Broadcom is making a move into mobile payments with a line of Near Field Communication chips for less expensive smartphones and wearable devices.

Accenture has launched a new mobile wallet that will include consumer analytics and data capabilities, allowing its clients to handle payments and create personalized offers.

WASHINGTON – The payment system is unexpectedly the center of attention in the financial services policy world after spending years being overshadowed by the financial crisis and other pressing issues.

Activist investor Carl Icahn, who last month proposed that eBay Inc. spin off its PayPal unit and nominated two employees to the board, criticized the online marketplace for "lapses" in corporate governance and asked shareholders to vote in favor of the split.

Forbes Media signed a licensing agreement with Lotaris that will allow the Swiss technology company the rights to the name Forbes Digital Commerce.

Mobile payments have transitioned from "concept to adoption," according to the MasterCard and Prime Research's second annual mobile payments study.

Wells Fargo Bank is lowering the bar for some government-backed mortgages in hopes of boosting homeownership among people with credit scores harmed by the recession.

The regulatory pressures on JPMorgan Chase's (JPM) consumer debt collections operation continue to squeeze its recoveries.

PayPal will allow users of Samsung's newly announced smartwatches to check in at PayPal merchants and execute transactions at their stores.

The chief executive officer of Mt.Gox, the Tokyo-based Bitcoin exchange where prices are tumbling after it halted withdrawals, stepped down from the board of a key advocacy group for the virtual currency.

Ingenico's Roam is launching a mobile card reader with chip and PIN acceptance, and it expects U.S. merchants will want to use it to accept PIN debit transactions even before EMV-chip cards become widespread.

HP plans to sell a tablet-based point of sale system that integrates payments with a number of other business operations.

MasterCard has upgraded its MasterPass digital wallet to enable purchases from within mobile applications.

MasterCard has entered into an agreement to purchase mobile wallet technology developer C-Sam.