With much of the payments industry and Silicon Valley tech press in a speculative frenzy about what Google Inc., Apple Inc., and Facebook Inc. might or might not do regarding mobile payments, a new study has come along indicating that consumers are complacent, arguably extremely complacent, about protecting personal and …

A mobile-payments system from Google Inc. may strengthen the search giant’s hand in marketing but will pose little threat to established payments networks, according to experts contacted by Digital Transactions News. The Google venture, more news of which emerged this week, has surprised some observers because it includes MasterCard Inc. …

American Express Co. on Monday launched Serve, a multifaceted online and offline payment system centered on a digital account and reloadable prepaid card that facilitate person-to-person payments as well as physical, online, and mobile purchases. AmEx says a key advantage of the digital account is that it is funding-agnostic, meaning …

It was only a matter of time before mobile payments came to the parking industry. And no, the latest application doesn’t depend on near-field communication (NFC), a contactless technology that has been ensnarled in endless disputes between banks and mobile operators and is reportedly being eyed by high-flying players like …

PayPal Inc.’s move into the physical point of sale is likely to involve handset-based services that make shopping and buying easier for consumers rather than a direct assault on the checkout counter, according to one expert who follows electronic payments. PayPal will most likely integrate its payments platform with applications …

Consumers have few expectations that they’ll benefit from pending debit card interchange price regulations, according to new survey findings from Javelin Strategy and Research. And, with consumers used to free checking and debit cards, banks will need to move carefully if they want to impose new fees to make up …

The Durbin Amendment, which passed into law within weeks of its introduction in Congress last summer and seemed poised to go into effect in July, hit a stumbling block on Tuesday with the introduction of a bill in the U.S. Senate to delay rulemaking by two years. The legislation, called …

One of the key tenets of the 6-year-old Payment Card Industry data security standard (PCI) is that merchants should never store unencrypted card data in their systems. But data generated from a recent beta test of a new system-scanning tool shows many merchants, knowingly or unknowingly, are violating this basic …

The operator of the Secure Vault Payments network for online automated clearing house payments said it is creating a marketing council to promote awareness and usage of the new payment system. The council has the endorsement of ACH governing body NACHA, said Denver-based SVP operator eWise Systems USA Inc. Dean …

Facebook Inc., a massive social network with more than 500 million users worldwide that is said by some experts to have ambitions in the payments business, has established a wholly owned subsidiary called Facebook Payments Inc. Facebook incorporated the entity in Florida on Dec. 10 and is advertising now for …