It's still too early to say that any virtual currency threatens cash, but currencies such as Bitcoin, Facebook Credits and even the gold earned in World of Warcraft games have attracted a meaningful audience.

Security and compliance are still daunting issues for merchants. Phoenix Managed Networks hopes to ease this pain by offering its network security product to "hundreds of thousands" of merchants through a new partnership with Sysnet Global Solutions.

PORTSMOUTH, N.H. – Service CU this morning announced the introduction of Fiserv’s Popmoney, a free person-to-person payment service.

Developing a mobile wallet for consumers is one thing. Getting those consumers interested and educated about how the wallet works and why they should use phones for payments is an entirely different matter.

The several thousand visitors enjoying Hersheypark this summer can pay for everything they do at the amusement and water park with a flick of the wrist.

The Federal Trade Commission told a Senate Judiciary subcommittee on Wednesday that it is examining the benefits to consumers, as well as privacy and security concerns related to future commercial uses of facial recognition technologies, and will make recommendations later this year on best practices for companies.

Recurring revenue and a recent spate of publicity are luring potential buyers into the acquiring industry's merger-and-acquisition market.

The days of the add-on mobile card reader may be numbered, as recent developments around software-based approaches gain strong momentum.

Google's decision to add Google Wallet to its new Nexus 7 tablet could break the limitations its mobile payment system has faced in reaching consumers. 

MANSFIELD, Texas – Texas Trust CU launched its new mobile banking program for Apple, Android and BlackBerry smart phones.

PayPal Inc. posted another strong financial performance during the second quarter, driven primarily by continued merchant and consumer adoption, the payments unit of parent eBay Inc. announced July 18.

PayPal's decision to buy its mobile-pay tech partner Card.io sheds light on how the smaller company's technology is shaping the world of mobile payments.

M-Via, which offers a mobile checking account called Boom, said July 18 that it closed a $17 million financing round led by Digicel Group Ltd. M-Via is also changing its name to Boom Financial.

Kmart's new reloadable prepaid debit card will do double duty for both the mega-retailer and Green Dot Corp., which provides the card.

Shopkick's mobile rewards system has relied so far on small devices retailers install at their doors to signal to an app that a customer has visited in person. But for a giant like Macy's, those little devices can add up to a big headache.

PayPal announced July 17 that it has acquired financial technology start-up Card.io.

PORTSMOUTH, N.H. – Service CU said it has implemented DigitalPersona’s Pro Enterprise software and U.are.U Fingerprint Readers to secure access to applications and member information, and improve employee productivity.

Declining check volumes slowed second quarter revenue growth for the Payment Solutions unit at Fidelity National Information Systems Inc., or FIS.

Inaccurate data that finds its way into the global banking payment process creates "hidden costs" of hundreds of thousands of dollars for banks, corporations or large retail businesses.

In less than six months, MoBank Group has sparked plenty of interest among United Kingdom online retail merchants as they upgrade their websites for mobile commerce.