First Data Corp. and Clover Network Inc. are collaborating on the Clover Station, a point of sale and business management system for merchants.

FirstBank is the first non-founding member of clearXchange, a bank-led network that lets consumers send payments to other customers of clearXchange banks.

MasterCard has agreed to purchase Provus Billisim Hizmetleri A.S. (Provus), a Turkish payment technology and processing company.

Citigroup's Treasury and Trade Solutions (TTS) business has added new currencies and expanded its electronic processing capabilities.

E-Commerce sales on the Visa network in the U.S. surpassed $1 billion 188 times during the first nine months of the 2013 (out of 273 total days), a 16% increase in volume over the same period last year, the card network reports.

The Chinese market has long been tough for foreign companies to break into, but over the past five years the cultural and political environment has changed in a way that presents some fresh possibilities.

Jumio Inc. has expanded its ID scanning technology to support Apple and Samsung's digital wallets, enabling scanned payment cards to be used within other mobile apps.

Simple, which provides financial services primarily through online and mobile channels, plans to launch two mobile person-to-person payments systems.

Less than two months after launching Evolve Money for cash-paying consumers to pay and track bills online or through a smartphone, PreCash Inc. has its first wireless carrier supporting the app.

Mobile payments startup Pokkt has raised $500,000 in its first round of funding, allowing the company to eye expansion from India to other regions of southeast Asia.

Groupon's strategy in mobile payments relies heavily on the feedback it gets from its merchants. The company's latest update to the Breadcrumb POS mobile payment app allows those merchants to get similar knowledge about their own customers' needs.

It probably wouldn’t surprise you to know that over the last 10 years, we’ve seen the volume of Automated Clearing House transactions triple.

Virtual Piggy has become a Demandware Link technology partner, which enables the youth payment company to reach retailers in Demandware's network.

U.S. Bank is developing a mobile app that can provide physical stores with the sort of data that is typically only available to online and mobile shopping sites.

Citigroup is developing a mobile wallet that uses Near Field Communication technology for contactless payments.

Two payments industry veterans have come up with a way to make mobile phones and terminals communicate wirelessly without a conventional wireless or Near Field Communication signal.

U.S. Bank and Monitise are partnering to develop mobile shopping technology, including product selection and instant checkout.

Amazon.com Inc.'s new "Login and Pay with Amazon" is designed to let merchants accept payments from online shoppers without requiring them to create a dedicated account.

DataCash, a MasterCard subsidiary, will add Swiff's mobile point of sale technology to DataCash's range of processing and risk management services.

ShopKeep POS has hired Drew Schwartz as vice president of product management and David Herzog as director of business development for the company's channel business.