Richard Braddock has been a leader at a couple of well-known companies. He’s now leading a company designed to be anonymous.

Merchants in the United Kingdom stand to benefit more so than will consumers from a new contactless prepaid card that will allow either to spend or withdraw from their PayPal accounts without first transferring the funds to a bank account.

As Don Kingsborough watched the mechanical bears sing and dance on a Disneyland stage, it's safe to say visions of alternative payment systems weren't exactly dancing through his head.

India’s widespread highway network soon could see the installation of an electronic toll-collection system that would use radio frequency identification technology for accepting payments.

To improve merchant and consumer comfort with online spending, MasterCard Worldwide has formed a partnership with Silver Tail Systems Inc. to distribute Silver Tail's fraud-fighting analytics to merchants.

Visa Inc. has launched a mobile-banking product with Monitise PLC, pitting the card network against major technology vendors.

Healthy global transaction-volume growth pushed Visa Inc.’s net income for final quarter of 2011 to more than $1 billion, the card brand announced Feb. 8.

Consumer revolving debt is on the rise again, but it is still too early for lenders that earn profits on outstanding debt to exhale.

Because 2012 represents a “feedback year” in the Payment Card Industry Security Standards Council’s three-year cycle for establishing data-security standards, new council Chairman Mike Mitchell figures to absorb plenty of viewpoints about issues facing the industry along with the traditional complaints about compliance testing and costs.

Western Union Co. is counting on growth from new online and mobile channels this year to help offset the effects of rising competition and European economic turmoil.

Developing the slickest mobile-tablet applications that enable consumers to manage routine credit and debit card spending through their larger touchscreens will be essential for large banks looking to hold on to younger, more affluent consumers over the next year, new research suggests.

Nearly 30% of consumers say they believe the economy and their personal finances are getting better, a jump of more than 6 percentage points from December and the highest figure in the last year, according to the Discover U.S. Spending Monitor.

SAN DIEGO – Core processing vendor Corelation reported it has entered into an agreement with Wescom Resources Group (WRG) to package WRG’s online and mobile banking products with Corelation’s KeyStone core processing system.

ST. LOUIS – The Missouri CU Association said its iVia Exchange Services check processor has signed with Viewpointe to offer the company’s Pointe2Pointe Internet connectivity to its image exchange network.

Being late on paying one’s mobile-phone bill could affect a consumer’s chances of being approved for a credit card under a new initiative by Credit Information Bureau of India Ltd., India’s first and largest consumer credit bureau.

Year after year, Apple fans have expected the company to make a splash with an iPhone-based mobile-payment system. And year after year, Apple has let them down, but but a lot has been going on under the surface.

Coordinated cyberattacks against financial institutions are not likely to disappear anytime soon, but a recent surge unfolding in Brazil should heighten payments industry security awareness in light of the country’s growing electronic-payments market.

A settlement between NCO Financial Systems and 19 states will result in the company paying up to $1.5 million in restitution to the various state's AG offices and consumers.

The marketers of six mobile applications that provide background screening apps have been warned by the Federal Trade Commission that they may be violating the Fair Credit Reporting Act (FCRA).

CoVantage Credit Union has launched a multimode mobile-banking service from Tyfone Inc. that offers a variety of nonstandard services such as account aggregation, remote deposit capture, bill pay and Near Field Communication contactless payments, the Antigo, Wis.-based financial institution announced Feb. 7.