The Fed will soon release its long-awaited report on faster payments. Will it help the U.S. catch up with other countries? They’ve been slow in coming, but faster electronic payments soon will be arriving in the U.S. The upside lies in the phrase “faster payments,” with various proposals calling for …

Mobile-wallet providers just might have to buy some love if they want consumers to adopt their fledgling services. New findings from Auriemma Consulting Group based on research with 1,505 payment card holders eligible for mobile-payments programs show that transaction-based incentives are effective in building the frequency of mobile transactions and …

When the nation’s automated clearing house network introduced same-day settlement in September, it was only a matter of time before an application programming interface became available to simplify faster clearing. In March, that day arrived with Dwolla Inc.’s announcement that it was commercializing a same-day ACH API. The code, which …

In the United States, contactless payments are virtually synonymous with mobile payments. In other countries, contactless payments usually mean tap-and-go transactions with a plastic debit or credit card. In the United Kingdom, for example, spending on contactless cards reached a record £3.4 billion ($4.2 billion at current exchange rates) in …

A data breach at Rosen Hotels & Resorts last year could cost the company more than $2.4 million in payment card network fines and other expenses, according to Rosen’s insurance company, the Orlando Sentinel reported.

• Mastercard Inc. has agreed to acquire NuData Security, whose technology identifies users from their online, mobile-app, and smart-phone interactions. Terms were not disclosed. • Fair Isaac Corp., otherwise known as FICO, said it detected 70% more compromised debit cards at U.S. ATMs and point-of-sale terminals in 2016 than it did …

Square Inc. launched in the United Kingdom, its fourth national market outside the United States and its first in Europe (it already operates in Canada, Japan, and Australia). While the U.K. foothold gives the firm a base from which to expand within the European market, it did not indicate specific …

By John Stewart @DTPaymentNews The future of checkout, the role of the big payments networks, and merchants’ card-acceptance costs preoccupied a panel of mobile-payments executives assembled Tuesday to assess the current state and near-term future of the still-developing payment technology. With respect to how in-store users should check out on …

• Wells Fargo & Co. will introduce cardless withdrawals to all 13,000 of its ATMs after testing the smart-phone-based service in various locales, a bank executive told Reuters. Wells reportedly is the first bank to roll out cardless ATM withdrawals across its entire ATM fleet. • ATM network operator Cardtronics plc …

• Payments Canada, which owns and operates that nation’s payment clearing and settlement infrastructure, has hired consulting firm Accenture to advise it on a multiyear program called Modernization, which is aimed at creating a faster-payments regime. • Payments-solutions provider ACI Worldwide said its network of more than 130 payment-service providers serving more …