A Web-based platform for businesses and individuals to send and receive electronic checks is being pitched as an alternative to typical online bank account transfers.

Time Inc., the largest magazine publisher in the U.S., is in advanced talks to buy American Express Co.’s publishing arm, including titles such as Food & Wine and Travel + Leisure, according to an executive with direct knowledge of the plans.

The bank-run payments venture clearXchange has named Wells Fargo's Michael Kennedy as the company's chief executive officer.

SAN DIEGO – Mitek Systems, pioneers in mobile banking, rolled out a Mobile Photo Account Opening product this morning.

SCRANTON, Penn. – Tobyhanna FCU said this morning it has installed two NCR APTRA Interactive Tellers in order to increase service hours for its members.

U.S. District Judge John Gleeson has an opportunity this week to put an end to an antitrust complaint against Visa Inc. and MasterCard Inc. that dates back to 2005. But the courtroom battle may continue past the Sept. 12 fairness hearing.

EVO Payments International has chosen a name to invoke the effect its perpetual software license from IP Commerce Inc. will have for the company — EVO Snap.

Today's the day Apple unveils the successor to the iPhone 5. Here's a look at the leaks, patent applications and other rumors that shed light on the company's mobile payment plans.

Transaction Network Services (TNS) will use Inetco Insight to monitor TNS' ACI Postilion payment processing environment to spot potential performance glitches.

Paydiant, a cloud-based mobile wallet provider, announced a $15 million Series C round of funding led by one of its customers to speed up product development, marketing and sales.

PayPal has unveiled PayPal Beacon, a plug-in device for merchants that will detect when shoppers running PayPal's mobile app enter a store.

Buttercoin wanted to be a Bitcoin exchange, but after being discouraged or outright rejected by over 76 financial institutions, it chose a different path.

MoneyGram is further expanding its funds transfer services internationally by partnering with DenizBank, a Turkish private bank.

California’s legislature has voted to reform a money-transmission law that has come under fire for stymying payments innovation.

ZooZ, a provider of mobile payments technology is launching a checkout system based on HTML5, the latest version of the HTML markup language used in desktop and mobile websites.

Citi has completed its purchase of electronics retail giant Best Buy's U.S. credit card portfolio from Capital One.

MasterCard processing subsidiary DataCash will integrate with TV App Agency’s TV App Engine to enable electronics makers and app developers to accept payments through specially equipped televisions.

The smartphone boom is rapidly ramping up usage of mobile check deposit, which could open the door wider for crime if credit unions don't remain active in guarding against fraud through this emerging service.

John Leekley, founder and CEO of RemoteDepositCapture.com, believes the window of opportunity for remote deposit capture fraud is closing.

Strong check endorsement policies go a long way toward fighting mobile check deposit fraud, but sources are uncertain whether banks and credit unions have focused their full attention in this area.