DES MOINES -- Online person-to-person payments service Dwolla has introduced a simple method to send money to others on Twitter, requiring only their username, the dollar amount, and the hashtag #dwolla.

Right on the heels of providing technology for the Dunkin’ Donuts mobile payment app, CorFire has bolstered its mobile commerce offerings through a partnership with PayPal Inc.

Since Square launched its mobile card reader, VeriFone Systems has worked feverishly to slow its rival's runaway momentum. The news that VeriFone is changing its strategy with its Sail reader is the latest in a long line of assaults and retreats.

VeriFone Systems Inc., the largest maker of credit-card terminals, is moving away from competing directly with Square Inc. in mobile payments, according to David Talach, VeriFone’s vice president of industry engagement.

Keeping up with technology could pose one of the greatest challenges for the acquiring industry in the coming year.

Visa Inc. attracted 50 banks and credit unions to its V.me digital wallet by offering a system that did not distance issuers from customer relationships and transaction data. But does the wallet hold the same appeal for the merchants that accept it?

TAMPA, Fla. -- A serial filer of patent claims against financial companies filed suit yesterday against Suncoast Schools FCU claiming the Tampa credit union is infringing on its patent for the process of facilitating transmission of secure messages across insecure networks.

RANCHO CUCAMONGA, Calif. – CO-OP Financial Services said yesterday its Next Generation ATM that will perform most of the transactions of a branch, including loan payments, is now available for credit unions.

Yahoo! Inc., the largest U.S. Web portal, appointed Yelp Inc. Chairman Max Levchin to its board, as Chief Executive Officer Marissa Mayer works to restore management stability and reverse three years of revenue declines.

Twitter's immense popularity has caught the attention of many established payment companies and entrepreneurs. Several have attempted to turn the microblogging service into a payment channel, but so far there are few success stories.

A new PayPal-branded prepaid product introduced Thursday provides consumers the ability to convert cash into online funds without using a traditional bank account or payment card.

Consumers disputed up to 38 million items on their credit reports last year at the three largest consumer reporting agencies, according to a report released Thursday by the Consumer Financial Protection Bureau.

RICHLAND, Wash. – Gesa CU said this morning it has signed with Andera to implement the company’s oFlows multi-channel platform for online account opening.

Giesecke & Devrient has introduced a security system that relies on cell phones to reduce the risk of receiving bogus bills.

As more retailers begin using quick-response (QR) codes for mobile payments at the checkout line, Bank of America is introducing the codes at the teller line.

HUNTSVILLE, Texas – Community Service CU has signed with Geezeo to deploy the company’s personal financial management product into its online banking platform.

The alternative payment provider Dwolla now gives users the ability to send money via tweet by using the hashtag #dwolla.

The alternative payment provider Dwolla now gives users the ability to send money via tweet by using the hashtag #dwolla.

A significant setback to adoption of current person-to-person payments technologies is that the transactions often can’t happen in real-time. But by repurposing existing industry infrastructure, companies are devising new methods that make P2P as close to instantaneous as possible.

ControlScan will partner with London-based Foregenix to expand its payment data security compliance services into Europe, the Middle East and Africa.