Paydiant has closed a $12 million round of funding led by Stage 1 Ventures, the provider of a cloud-based, white-label mobile payment and offer-redemption platform for retailers, banks and payment processors announced July 10.

From a historical perspective, payments industry observers know a few things about Apple Inc. It’s not knowing the company’s future plans that have them edgy.

An Oklahoma City law firm paid $600,000 to settle a lawsuit filed by the Federal Deposit Insurance Corporation, according to U.S. District Court records.

It might not be fair to describe the mobile-payment initiatives in Europe as taking on a “monkey-see, monkey-do” mentality because, after all, competing projects are announced on a regular basis in the U.S. as well.

If a Qualified Security Assessor tests–and passes–a business for payments security compliance, that business may feel it could rest on its laurels.

A federal appeals court late last week allowed a lawsuit by Patco Construction, a Maine-based firm, against Ocean Bank, to proceed, though it suggested the two parties settle out of court.

Balance is a term we frequently hear to describe something worth achieving: work/life balance, a balanced diet, balance of power, a balanced budget. Right now the financial industry is seeking balance, particularly when it comes to risk.

A small legal case in Southern Maine could spell big trouble for banks, particularly because it suggests that even strong electronic security doesn't necessarily build a shield large enough to keep either crooks or plaintiffs away.

PLANO, Texas – InTouch CU and six banks have agreed to settle a patent infringement case over the process for authenticating an identity at a website in exchange for a license to use the technology, the parties announced this morning.

At first, Google seemed to have all of the necessary ingredients for a mobile wallet and Isis had the uphill climb of convincing banks to agree to a system designed by a group of telcos. Isis now has several top banks firmly behind it, but it faces many challenges as well.

ATM industry players are reluctant to embrace the EMV secure card standard, according to a survey from the ATM Industry Association.

Commonwealth Bank of Australia is offering a social payments app called CommBank Kaching for Android handsets. The bank will also launch a Facebook app later this year.

For years, the payments industry has been waiting for Apple to disrupt the market with a payment-capable iPhone. Some are finally getting sick of the wait.

Consumers may not be pushing for stronger card security because they feel overly protected by the systems in use today. But they do face real costs for fraud.

With the spread of smartphones, many people are now carrying devices that have both a camera and a data connection - and many payments companies are taking full advantage of this.

Apps on Apple's iTunes store are vetted at length to make sure they are safe for users and comply with rules set by Apple. In a rare instance, something malicious seems to have gotten through this process and onto users' phones.

As Facebook and Google work to become trusted names in payments, fraudsters are quick to exploit that trust.

Telefonica SA said July 5 that it is working with Facebook , Google, Microsoft and Research in Motion to allow customers to pay for digital goods with their smartphones.

PayPal is expanding the ways a smartphone's camera can be used to facilitate payments within its apps.

Deutsche Telekom is in discussions with Google along with credit-card companies and banks to add partners to its mobile-payment system.