Payments fraud against companies moderated during 2011, with the share of companies experiencing payments fraud falling to the lowest level since 2004, according to the Association for Financial Professionals’ latest annual study of corporate payments fraud. Nevertheless, the level of fraud remained elevated, with the majority of organizations reporting attempted …

Amazon.com Inc. quietly killed its PayPhrase online-authentication service on Feb. 20, not quite two-and-a-half years after introducing the system. The PayPhrase credentials system allowed online shoppers to check out using only a word or phrase of their choosing and a PIN that they had registered with the Amazon Payments service. …

As the prepaid card market matures, more data are emerging about surprising consumer behavior regarding prepaid cards or that challenge the conventional wisdom. For example, research commissioned by big processor First Data Corp., a major player in the prepaid space, found that given a choice between taking a gift or …

New data from automated clearing house governing body NACHA reaffirm the continuing gains of electronic bill payment and the long-term decline in consumer check writing to pay bills. NACHA’s report for 2011’s fourth quarter says that transactions under the so-called WEB standard entry class code for Internet bill-payment debits grew …

The news leaked earlier this week, but PayPal confirmed on Thursday it has created a mobile-acceptance product to compete with the myriad such services already on the market from hardware and software companies, as well as merchant processors. Still, PayPal’s product, called PayPal Here, may stand out from the crowd …

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Financial institutions have much to gain from fees and cost savings if they offer person-to-person payments and get it right, according to representatives of three leading P2P networks who spoke on a panel at a banking conference on Monday. The keys to getting this relatively nascent payment form right lie …

With banks struggling to find their way in the new Durbin era that puts controls on their debit and prepaid card operations, the door is opening wider for American Express Co. and Discover Financial Services to win new prepaid card business, according to two attorneys familiar with payment card interchange …

With rumors swirling that it is close to launching a mobile-acceptance device for small merchants, PayPal Inc. on Tuesday unveiled a digital wallet that offers a raft of new features at a time when major rivals like Google Inc. and Visa Inc. are introducing new wallets. PayPal’s product, which it …

Countless news reports have reported or speculated about what Google Inc., Apple Inc., Amazon.com Inc., and Facebook Inc. have done or might do in mobile payments. Consumers, however, don’t rate these four companies as highly as they do their own banks or traditional payment companies in trustworthiness involving their financial …