Visa's launch of a plug-and-play mobile money platform speaks to a rapidly maturing trend of using mobility to spread financial services to underbanked consumers and developing countries.

Western Union Co., the world’s biggest money-transfer business, fell after the company forecast continued revenue declines in 2013.

FOSTER CITY, Calif. – Visa announced a major entry into the mobile banking market this morning this morning with the introduction of a mobile money platform that will make it easy and cost-efficient for credit unions, banks and mobile operators to offer mobile financial services to consumers.

Payleven, a mobile payment venture from the Samwer brothers' Rocket Internet incubator, started selling its mobile chip-and-PIN mobile card reader last week and received hundreds of orders for the new device.

At a time when every prepaid card seems to have a celebrity's face attached to it, GiftCards.com is looking to add a personality to its own lineup — and it's looking at a finance star, not a pop star.

Singapore-based Coda Payments will partner with Axis Telekom Indonesia, which has 17 million customers, to provide a carrier-billing mobile pay service for e-commerce merchants.

Gilbarco Veeder-Root now gives motorists the option of paying for gas at the pump using their PayPal account at its Passport terminals.

For mobile payments and analytics provider Bango.net Ltd., a recent shot in the arm from investors represents a chance to expand into emerging markets and help offset the company's costs for preparing for the next generation of BlackBerry phones.

PORTSMOUTH, N.H. – Service CU announced today the introduction customized smartcard activated Internet kiosks that provide military personnel with a self-service solution that permits transactional functions through the proprietary U.S. Armed Forces online interface.

American Express Co. Chairman and Chief Executive Officer Kenneth I. Chenault netted $15.4 million before taxes from the exercise of stock options and the sale of restricted shares.

The prepaid card provider BillMyParents has hired Kim Petry to be its new chief financial officer, replacing Jonathan Shultz, in an appointment that’s scheduled to take effect in mid-to-late February.

American Express says it is working with Twitter to expand its cardholders' ability to shop over the social networking site.

A MasterCard Inc. "mobile preparedness" study in 2012 indicated that Singapore, Canada and the U.S. were the countries most prepared to offer payments technology and innovation to serve willing consumers. But the study also showed the U.S. ranking 10th when it came to "consumer readiness" for adopting mobile payments.

The PCI Council’s directions for Payment Card Industry Data Security Standards are expanding as mobile commerce grows and when combined with local differences in diverse markets, the new guidance statements can be a compliance challenge for issuers that operate in multiple nations. The use of “compliance-as-a-service,” or CaaS, to provide managed monitoring and compliance updates to keep up with changes is an emerging option for large card issuers.

As card fraud moves to e-commerce, more vendors offer merchants tools to monitor their progress in thwarting cybercrooks — and the data collected in protecting their data helps merchants promote sales.

The balances on outstanding auto loans reached $782 billion, the highest mark since January 2009, according to Equifax's latest National Consumer Credit Trends Report.

LEAVENWORTH, Kan. – Frontier Community FCU has signed with MShift for mobile banking services, including mobile browser banking and downloadable apps for iPhone, and Android, through a partnership with MShift and CSCU.

With its existing base of mass-affluent customers and ongoing efforts to attract a broader set of customers through efforts like its Bluebird prepaid card and new merchant-branded products, American Express Co. is positioned to lead the transformation of the payments industry.

EBay’s foray into mobile wallets via its PayPal unit is drawing consumers’ attention—giving it an inroad to compete with myriad other entrants flooding the mobile payments market, according to PayPal’s Mark Lavelle.

Apple is said to be developing a “smart” wristwatch that includes mobile payments functionality.