Frankenmuth Credit Union CEO Vickie Schmitzer is continually focused on implementing industry innovations to attract members of all ages, but especially Millenials.

Despite the abundance of portable card readers, the sales pitch is often the same: it's for babysitters, gardeners, flea market sellers and other small merchants. Payleven says the market can be much bigger.

LevelUp's partnership with Chartwells Higher Education Dining Services could expand the mobile payment system's presence in the Midwest, a region that has received less attention from startups than San Francisco and New York.

Evertec Inc., a significant acquirer processor and card issuer in Latin America and the Caribbean region for 25 years, is casting part of its business as that market's Square Inc. and looking to supercharge its payments business after its April 12 initial public offering.

The 25th Card Forum & Expo brought hundreds of payments professionals together in Boca Raton, Fla. to share strategies and ideas. Here's a recap of some of the most talked about subjects from the event.

Canada is now the second country offering consumers MasterCard Inc.'s MasterPass digital wallet, with an emphasis on e-commerce sites for travel, grocery and discount stores.

Bank of America says it and other banks, which have a full view of each customer's financial needs, are well-positioned to succeed as mobile payments providers.

MoonClerk is a new company that's targeting a distinct segment of the payments technology market—the startups and small businesses that want to build a Web payment acceptance engine, but don't have the right tech expertise in-house.

After months of concern about MasterCard's April l9 liability shift for ATM owners accepting Maestro cards, the National ATM Council says it has established a workable solution with the card brand's offer of fraud screening. But another ATM trade group isn't celebrating just yet.

EBay Inc.’s PayPal unit is buying Iron Pearl, a startup that helps companies find ways to make their products more attractive to customers on the Web.

In the four months since buses in London began accepting contactless payments, more than 1 million trips have been paid for with the technology.

MasterCard will vet all Maestro card transactions at U.S. ATMs with fraud-screening software to alleviate the concerns of ATM owners who are not prepared for the card brand’s April 19 liability shift.

A dramatic dip in the value of Bitcoin is not fallout from a distributed denial of service (DDOS) attack, said Tokyo-based Bitcoin exchange Mt. Gox in a Facebook post overnight Wednesday. But there was indeed a DDOS attack.

Experian revealed that fraudulent applications for accounts in the United Kingdom dropped sharply in 2012.

Mobile payment provider Payleven is adding two new features to lure larger businesses—the ability to manage multiple chip-and-PIN card readers from a single master account and support for both mobile and stationary printer systems.

If you're looking for Swedish cash, don't go to a Swedish bank. Most of the country's biggest lenders have stopped manual cash-handling services in 65 percent to 75 percent of their local branches. They say cash is out as Swedes rely on credit cards, the Internet and mobile phones to make all their payments.

The retailer-driven Merchant Customer Exchange mobile payments venture is making a lot of noise, though it has yet to reveal its product. But since the final MCX app will interact with those made by its individual retailers, CVS Caremark Corp. can serve as an early example of the venture's potential.

OpenCoin, Chris Larsen's virtual-currency venture, announced today it has closed funding from several investors, including Bitcoin Opportunity Fund.

FamZoo says its bundled prepaid cards and online dashboard work as teaching tools, which can bridge a knowledge gap about payments and budgets, particularly among young people.