David Heun

The use of one-time tokens has picked up steam in the past year, especially with merchant groups waiting for EMVCo to release specifications for a payment account reference.

Users can set up organizations specific to money transfers for events or groups, allowing invitations to be sent to up to 50 people through a text message or push notification.

The payments company is working with Chargebacks911 to improve chargeback performance for card not present transactions.

The technology giant reported record earnings and a solid performance for its mobile payment app, but did not dive deep into adoption numbers.

Messenger bots, an artificial intelligence-driven application, can respond to customer queries over social messaging platforms. Bot interactions attract a consumer who is engaged and interested in pursuing a transaction.

Westpac in has been aggressive in supporting and adopting emerging merchant and payment technology in Australia.

Mastercard CEO Ajay Banga was among the financial services, payment and technology executives to express worry or opposition to President Trump's travel ban for certain Middle Eastern countries.

The initiative pushes open and collaborative development of uses cases for the distributed ledger technology in financial services and payments.

Philip McHugh, a top-ranking executive with Barclaycard, will join the processor Total System Services Inc. as its senior executive vice president and president of merchant solutions, effective May 1.

Recommendations for a framework to develop a "universal security baseline" to protect sensitive payment data at rest and in transit remains a key goal of the Federal Reserve faster payments initiative.