MoneyGram has entered an agreement to buy Nexxo Financial's kiosk-based money transfer business. MoneyGram will also be the preferred partner for Nexxo money transfers and bill payments.

Payoneer Inc. CEO Scott Galit says a new partnership with online marketplace Fiverr illustrates how his company is positioned for providing payments services in a changing business world.

Prepaid cards, widely accepted by the underbanked as a way to facilitate spending, are also emerging as a catalyst for saving and an alternative to short-term credit.

The best way to judge a mobile wallet's potential is to see how it handles failure.

Isis, the carrier-run mobile payments venture, plans to take its system nationwide this year. The initiative, which was formed by AT&T, Verizon Wireless and T-Mobile USA, has been testing its contactless payment technology in Salt Lake City and Austin since October.

Fiserv Inc. increased its payments revenue and signed new clients in the second quarter, pushing its overall revenue up 10%, to $1.2 billion, in the second quarter from a year earlier.

While many people think of Bitcoin as a currency, Jaron Lukasiewicz, CEO and co-founder of Coinsetter, says Bitcoin should be thought of more as a payments infrastructure, allowing quick, inexpensive funds transfer. But for Bitcoin to thrive, banks must agree with this perspective.

Money transfer provider MoneyGram International has entered an agreement with Payzone SA to offer services throughout Romania.

Developers with early access to the next version of the iOS operating system have discovered software support for a fingerprint scanner that could be built into an iPhone or iPad's home button, according to various reports.

MasterCard Inc.'s digital wallet continues its move around the globe, as consumers in the U.K. today became the latest to have access to MasterPass.

Western Union Co., the world's biggest money-transfer business, said second-quarter profit fell 27 percent as revenue from transaction fees dropped and expenses climbed.

Visa and MasterCard have agreed to share their common application identifier technology, enabling EMV-chip based debit transactions to originate from a single application while allowing merchants a choice of networks for routing.

In the payments industry, point of sale technology has become the "hottest area" of interest for companies considering an acquisition, according to the investment bank Berkery Noyes.

Leaders in emerging payments and virtual currency have formed a committee to establish a self-regulating body to ensure regulatory compliance as the marketplace changes.

MOOSE LAKE, Minn. – Lake State CU is opening its first branch in Duluth that will have no teller windows and no tellers on-site, but instead will offer interactive video teller machines.

Interchange, the new PaymentsSource blog, is the new destination for industry opinion and debate. Learn how to become a part of the discussion.

Bitcoin, a decentralized virtual currency, has been declared illegal in Thailand. Members of the Foreign Exchange Administration and Policy Department made the determination at a meeting on July 29 in the Southeastern Asian country, according to a Bitcoin exchange operator in attendance.

Commuters in San Francisco can now use their transportation-fare card to pay for parking in city garages.

Visa and MasterCard may differ on their support of chip-and-PIN in the U.S., but they are of one mind in their approach to Australia.

In the crowded mobile point of sale market, One Step Retail Solutions is making a name for itself by providing its Teamwork Retail software to rap artist Jay-Z for his Rocawear clothing stores.