Merchant payment and marketing company Punchey has hired Michael Sattler to be vice president of engineering and Rick Graham as director of demand generation.

The major card brands have certified payment processor Total System Services Inc. for EMV chip-card processing.

The mobile bank account provider Simple will soon offer Braintree's mobile payment system, Venmo Touch, to its users.

In the age of big data and social connectivity, it is essential, and now urgent, for card marketers to find a way to become more consumer-centric in their marketing efforts.

By July 2008, when Apple introduced the app store as part of the new iPhone 3G, the idea of mobile payments had largely flopped. The app store gave payments companies a second chance at creating the mobile wallet — but many still stumbled along the way.

Visa has entered agreements with more than 40 Australian banks to offer customers the V.me digital wallet for online shopping — a mere three months after MasterCard debuted its MasterPass digital wallet in Australia.

BBVA Ventures, the corporate venture arm of BBVA Group, is investing in SumUp, a company that enables mobile devices to accept card payments.

CloudPassage, a cloud infrastructure security provider, is offering to address Payment Card Industry security standard compliance for cloud-based businesses.

Ferhan Patel has become the chief compliance officer for Payza, an online payments and electronic wallet provider.

First Data Corp., led by former JPMorgan Chase & Co. co-Chief Operating Officer Frank Bisignano, hired the New York-based bank’s former Chief Information Officer Guy Chiarello as president.

SAN DIEGO – Mitek, the pioneer in remote mobile deposits technology, announced this morning it has been issued a U.S. patent on its application allowing consumers to transfer their credit card balances via mobile devices, which is currently being piloted at San Diego County CU.

"Bitcoin." Just mentioning the digital currency brings about either a passionate discussion by enthusiasts or vehement criticism that near-anonymous payments are for criminals. In the following interview, serial tech entrepreneur Andreas Antonopoulos talks about the digital currency's rise to fame and the consequences of its popularity.

Credit bureau and payments data company Equifax has acquired TrustedID, a company that offers identity and privacy protection products.

Mobile payment processor Net Element International Inc. has agreed to acquire European payment network and terminal provider Quickpay in a move to gain traction in Russian cash-based markets.

Six banks in Poland have created a joint venture to develop common mobile payment standards to comply with national regulations — a move that leaves card networks out of the equation.

The Fancy, an online shop with items culled by customers, raised $53 million from investors including American Express Co., billionaire Len Blavatnik and actor Will Smith, people familiar with the matter said.

SAN FRANCISCO – At least four credit unions being sued for patent infringement over real-time transaction technology have agreed to settle the civil claims in exchange for license deals, with the final deal awaiting court approval.

Credit union employees and volunteers were urged last week by CUNA Chairman Pat Wesenberg to get on Facebook and Twitter and other social media outlets to sell the story of credit unions and the latest campaign to preserve the credit union tax exemption.

How to deliver the best possible e-service experience? For one credit union, it boiled down to fixing members' computers and walking them through the CU's e-solutions while they waited.

A mobile strategy can help small CUs play bigger to take on larger competitors, according to one consultant who shared ways to enter the mobile space on a limited budget.