• Visa Inc. announced its Visa Checkout digital wallet now has more than 12 million consumer accounts and is offered by more than 675 financial institutions in 16 countries. “Hundreds of thousands” of merchants now use the platform, Visa said, making Checkout one of the fastest-growing consumer products in the …

• Imaging applications developer Mitek Systems Inc. said its Mobile Deposit service has processed more than 1 billion check deposits; more than 5,000 U.S. financial institutions and 70 million of their customers use Mobile Deposit. • Payments company Zooz closed on $24 million in funding that it will use for growth, …

Some important payments developments are asserting themselves this year. Don’t risk being left behind. The pace of change in the payments industry is normally fast. But the perfect storm of the U.S. EMV migration plus the mobile-wallet revolution has accelerated that pace to blistering. It’s an exciting time, but also …

Its original Coinstar coin-counting business long overshadowed by its once-booming but now fading Redbox DVD and video-game rental business, Outerwall Inc. on Monday announced that it had hired investment banker Morgan Stanley & Co. “to explore strategic and financial alternatives” for Outerwall shareholders. The company simultaneously announced that would double …

With the National Retail Federation’s annual trade show kicking off Monday in New York City, a number of payments companies tried to get a head start on the show by releasing news over the weekend. Much of it concerns developments for the physical point of sale. Here’s a wrap-up of …

Diebold Inc., the second-largest U.S.-based ATM manufacturer after NCR Corp., disclosed over the weekend that it is in discussions to buy Paderborn, Germany-based ATM maker Wincor Nixdorf AG. North Canton, Ohio-based Diebold issued a statement Saturday confirming that it has a non-binding agreement with Wincor Nixdorf “regarding the key parameters of …

The PCI Security Standards Council this week updated its standards governing point-to-point data encryption (P2PE) and card-reading devices for the point of sale, ATMs, kiosks and mobile devices. One of the key changes in the new Version 2.0 of the P2PE standard will make it easier for security-solutions providers to …

With little fanfare, unattended-payments provider USA Technologies Inc. (USAT) has built an outsized share of the still-small but rapidly expanding base of merchant locations in the United States that accept near-field communication (NFC) contactless transactions—the type of transactions generated by smart phones using the Apple Pay, Google Wallet, and pending …

Upstarts armed with digital technology are rewiring the money-transfer business, but the time-tested agent model enjoys key advantages. The old and new just might meet in the middle. In some respects, agent-based money-transfer providers are like what cash and checks were to an earlier generation of credit and debit card …

Unattended-payments provider USA Technologies Inc. (USAT) said its revenues increased 47% to $15.4 million in fiscal 2015’s third quarter ended March 31 versus $10.4 million year earlier as connections and transaction volume in its wireless network rapidly increased. Malvern, Pa.-based USAT on Monday said its network handled 54.8 million transactions, …