In a move that recognizes the powerful role application developers play in the global payments arena, Visa Inc. on Thursday opened scores of its application programming interfaces to thousands of outsiders worldwide, including merchants, banks, and technology companies. The new program, called Visa Developer, embraces some 155 APIs and includes …

Public-transportation agencies increasingly are turning to mobile-ticketing apps to attract riders and lower fare expenses. Mass-transit riders once read newspapers as they commuted to work. But hop on any commuter train, subway, or bus nowadays and you’re more likely to see passengers using smart phones to read news reports, listen …

Public-transportation agencies increasingly are turning to mobile-ticketing apps to attract riders and lower fare expenses. Mass-transit riders once read newspapers as they commuted to work. But hop on any commuter train, subway, or bus nowadays and youäó»re more likely to see passengers using smart phones to read news reports, listen …

  NACHA’s annual Payments System Awards recognize the highest degree of achievement in the development, implementation and advancement of electronic payments. These prestigious awards celebrate outstanding accomplishments and superior leadership in innovation, excellence and promotion of the positive environmental impact of electronic payments, statements and billing. Recognizing greatness in the …

To the extent there is greater mobile-payments use among merchants and consumers this year, that increase will likely bring with it a greater potential for fraud. That’s the cautionary note from Fair Isaac Corp. executive T.J. Horan, vice president of fraud solutions at the analytics-software company. In-store mobile payments will …

Payments-technology provider ACI Worldwide Inc. said it plans to sell its Community Financial Services (CFS) unit to bank processor Fiserv Inc. for $200 million in cash. CFS, which provides online and mobile banking and payments and security services to community banks and credit unions, generated about 22% of ACI’s $1.02 …

It’s often neglected in the payments business, but one of the fastest-growing markets is processing cross-border transactions for college and post-graduate students studying abroad. The business is dominated by wire transfers, but a startup called Flywire, which has served the market for more than four years, is enjoying fast growth. …

While consumer acceptance of mobile wallets has been painfully slow for wallet developers such as Apple Inc., new survey results from the nation’s largest mobile carrier show consumers are quite willing to use mobile apps in some form to buy things. Some 23% of smart-phone owners last year used an …

Samsung Pay, the mobile wallet that uses near-field communication (NFC) and magnetic secure transmission (MST) technology, is developing a set of simple tools merchants can use to create offers and manage loyalty programs. The tools should be available this year. That’s the word from Will Graylin, global co-general manager of …

Consumers using mobile-banking sites or apps make only sporadic use of their ability to pay bills, send money to other individuals, or load a prepaid card, finds new research from Javelin LLC, a Pleasanton, Calif.-based payments-research firm. In the “2015 Mobile Banking, Smartphone, and Tablet Forecast” released Tuesday, Javelin found …