London commuters are supposed to be excited about the prospect of their Tube underground rail system adding acceptance of any bank’s contactless payment card. But it may take time for them to break the habit of using the popular Oyster contactless prepaid transit card.

Mainstream consumers are still slow to adopt newer payment technology, but several cities are pushing ahead of the rest of the world.

The Thursday resignation of Square chief operating officer Keith Rabois stems from a sexual harassment allegation, according to the company.

Payments processor TransCard LLC is putting a new meaning behind the phrase "time is money." The company is working with Watch2Pay LLC to provide U.S. banks with wristwatches built with MasterCard PayPass contactless chips and linked to a prepaid card account.

A computer hacker from the online activism group “Anonymous” was sentenced in Britain to 18 months in jail for conspiring to attack the websites of Visa Inc., PayPal Inc., MasterCard Inc. and others.

Square Inc. said Chief Operating Officer Keith Rabois has resigned, marking the departure of an executive who has helped the company grow to more than 3 million customers. Chief Financial Officer Sarah Friar will become acting COO.

Payments gateway provider FreedomPay is testing a cloud-based mobile wallet service for merchants and consumers.

Nacha, the electronic payments association, issued guidelines for the use of quick-response (QR) codes for consumer bill payment.

Synqera is trying to set itself apart from rivals in the targeted-offer crowd by using point-of-sale hardware with data collection tools that look at everything from weather patterns to the shopper's mood.

Mobile apps and personal financial management sites that attempt to analyze consumer’s spending habits and draw forecasts and conclusions about what the consumer should be doing pose risks, one expert says.

Sean Harper, director of products at Groupon Payments, shares his vision of the future of mobile payments and details why Groupon believes its business model can stand out among both traditional card terminal providers and mobile payments processors.

MT. VERNON, Ill. – A suspect in two local robberies, including a Dec. 10 holdup at Jefferson County Schools CU, was charged along with his wife in the credit union job.

WARMINISTER, Penn. – Freedom CU has introduced a free mobile banking service that includes mobile remote deposit capture.

BROOKFIELD, Wis. – Fiserv said six credit unions have selected its OnCU account processing platform, and multiple integrated Fiserv solutions for online banking, bill payment, credit and debit processing and mobile access.

HERNDON, Va. – DigitalMailer and the Filene Research Institute have launched a pilot that will develop online brochures for credit unions, part of a larger project by Filene to reduce the paper used by credit unions.

Plimus Inc., an e-commerce services provider, attracted more than 5,000 customers in 145 countries without much marketing. That user base hints at the growing demand for processing technology that equips merchants with payments mechanisms on their e-commerce websites.

Telecommunications companies creating joint ventures to deliver Near Field Communication-based payments and other services is becoming a global phenomenon.

Merchants in the British Virgin Islands will soon have a new mobile card reader available to accept card payments through their smartphones.

Green Dot is taking a lesson from Radiohead, oddly enough, and giving customers control of one of the company's mobile bank account fees.

PayPal, facing a growing tide of consumer complaints, is changing its approach to fraud monitoring. But the eBay unit has provided few details of its plans, leading some to wonder whether it will be able to appease the consumers that say they've been wrongfully ensnared in its fraud-fighting net.