PayPal has announced that they have teamed up with Gourmet Burger Kitchen, Wagamama and Prezzo to enable payments via their smartphone app.

Visa and MasterCard have announced they have stopped providing services for payment transactions for clients at Russia’s SMP Bank without notification or warning.

Following its success in the US, Australia, Canada and the UK, MasterPass is now debuting in Italy thanks to MasterCard’s agreements with the country’s major banks and an increasing number of participating retailers.

Global restaurateur HMSHost will soon begin implementing Bluefin’s PayConex P2PE solution at various restaurant locations at airports.

Traxpay, pioneer in business-to-business (B2B) Dynamic Payments, was awarded with the payment industry’s most prestigious distinction, the PYMNTS.com Innovation Award for ‘Best B2B Payments Innovation’ at a ceremony held at Harvard University in Boston.

IBM has introduced new software and services to help organizations use Big Data and Analytics to address the USD3.5tn lost each year to fraud and financial crimes.