Wex Inc. announced its succession plan today, naming Melissa Smith, a 16-year employee of Wex, as president of the company. She will take over as CEO in January 2014.

MasterCard is planning to rapidly broaden the scale and scope of its digital wallet and prepaid card offerings.

ATX Innovation, the company behind the TabbedOut mobile payment application, partnered with Harbortouch to add more than 10,000 locations to the company's expanding hospitality merchant base.

Braintree is not only attracting talent from major technology companies such as Google and Twitter, but also younger payments companies with the addition of Rob von Behren, formerly an engineer at Square.

Square's growth in Canada is "exceeding expectations," the mobile card acceptance company announced late April 30.

With a new round of funding, Des Moines, Iowa-based alternative payments company Dwolla plans to add to its headcount in Iowa and New York and expand to San Francisco.

Payments companies are becoming increasingly interested in acquiring companies outside the industry as a way to stay relevant in a competitive market.

ControlScan Inc. says it has developed a way to eliminate the technology and security challenges merchants face when trying to expand into mobile or online commerce.

OGDEN, Utah – Goldenwest CU has implemented Bluepoint Solutions’ mobile deposit functionality to its mobile apps, which are available for Android, iPhone, iPad and iPad mini devices.

Heartland Payment Systems Inc.'s executive chairman and CEO, Robert Carr, leaves little doubt as to where he sees his company's mobile pay future heading — attached to the wagon of mobile-payment pioneers such as LevelUp.

E-commerce company LivingSocial revealed last week it endured a data breach in which attackers accessed its users' encrypted passwords. And even though no payment data was exposed, cardholders should still be concerned.

Wal-Mart Stores Inc., a partner in the Merchant Customer Exchange mobile payments initiative, weighed in on two other payment technologies today: Stripe and PayPal.

First Data is having a busy week. On Sunday it announced a new CEO, who started the job Monday. And today, it had a tough earnings call where the company admitted it could do more to leverage its considerable data to expand the services it sells to clients.

Large bank CEOs rake in far more than their small bank peers, but large bank CEO pay represents a small fraction of total payroll expense.

The median increase in CEO pay was brisk at 11% in 2012, but slower than the median 16% increase in 2011. Click on column headers to sort.

The Consumer Financial Protection Bureau (CFPB) has changed parts of the CARD Act that the bureau said was making it harder for some "stay-at-home parents" to get credit cards.

MoneyGram has signed a global agreement that will allow Ukash customers to send domestic and international money transfers from Ukash's website and receive it at any of 310,000 locations through MoneyGram's account deposit channels.

eServGlobal plans to extend use of its mobile money technology into markets in the Middle East and Africa.

Discover has signed contracts with 50 merchant acquirers to enable PayPal's in-store payment system to pass 2 million merchant locations by the end of 2013, the card brand said.

Merchants have a vastly different receptiveness and understanding of the U.S. conversion to EMV-chip payment cards, and VeriFone is taking a diverse approach to appealing to them all.