David Heun is an associate editor for technology at American Banker.
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Card issuing and acquiring software provider OpenWay is partnering with People's Bank of Kazakhstan to deliver the first chip-based UnionPay cards in Central Asia.
By David HeunDecember 18 -
White-label mobile payments and commerce provider Mozido LLC has acquired mobile wallet provider CorFire, which developed mobile wallets for retailers like Dunkin' Donuts, to fuel its global expansion.
By David HeunDecember 18 -
Rather than try to change consumers' behavior, Barclaycard is acting on research it conducted of 2,000 consumers who told the U.K. issuer what type of wearable payment device they'd prefer. Their preference: gloves.
By David HeunDecember 17 -
Nearly a decade ago, the Federal Financial Institutions Examination Council told banks that passwords are not enough to guard financial data, and many companies scrambled to evaluate new and sometimes bizarre alternatives.
By David HeunDecember 17 -
Cubic Transportation Systems Inc. now offers Chicago transportation systems and its patrons a single mobile app for ticketing and contactless fare payments.
By David HeunDecember 16 -
The field of P2P competitors has grown significantly since JPMorgan Chase, Bank of America and Wells Fargo founded clearXchange LLC in 2011, and the mega-banks' initiative still looks very much like it did three years ago.
By David HeunDecember 16 -
While PayPal has not taken a firm position on whether it sees Apple's foray into payments as a competitive threat or potential partner, Apple's addition of PayPal as an option for its online stores suggests an openness to cooperate on basic functions.
By David HeunDecember 12 -
MasterCard has expanded its digital wallet reach in Europe through separate deals in France and Russia and by granting a license to Smartlink SA to white-label MasterPass.
By David HeunDecember 12 -
Dwolla is expanding its direct bank transfer services to allow its account holders to send payments to a recipient's e-mail address for automatic routing to a bank account.
By David HeunDecember 11 -
In a breach incident that illustrates how long a company can do business without knowing fraudsters are potentially stealing its card data, Charge Anywhere LLC informed its merchants it has found and shut down malware that initially entered its network five years ago.
By David HeunDecember 10 -
Rallying its members to wipe out passwords, the Faster IDentity Online Alliance an organization of more than 150 payments and technology businesses released standards Dec. 9 for multi-factor e-commerce authentication.
By David HeunDecember 9 -
?Square Inc. has hired former Visa marketing executive Kevin Burke to lead its customer acquisition initiatives in retail, paid, Web and events marketing channels.??
By David HeunDecember 9 -
Despite the many high-profile breaches that occurred over the past year, too many businesses have not adopted strong security practices and as many as a third don't have a clear understanding of where their sensitive data is stored or how it is protected.
By David HeunDecember 8 -
Zomato hasn't been able to add payment capabilities to its restaurant discovery app in its home base of India, but the company has found a more welcoming audience in Dubai, where it plans a pilot next month.
By David HeunDecember 3 -
For Cubic Transportation Systems, the term "NextCity" describes a city in which consumers use a single account for transit and parking while making payments through a smart card or mobile app.
By David HeunDecember 3 -
Revel Systems plans to expand in Europe after securing a $1.2 million grant from Invest Northern Ireland.
By David HeunDecember 2 -
Swift's initial move into faster domestic payments in Australia sets the groundwork for expansion into other markets, including the U.S.
By David HeunDecember 2 -
Bitcoin wallet providers have had a touchy relationship with prepaid cards. But whether or not these companies care about plastic, they should care about how the Consumer Financial Protection Bureau's prepaid proposal affects them.
By David HeunDecember 2 -
The annual Cyber Monday shopping holiday is a boon to mobile payments, but remains a significant challenge for e-commerce security.
By David HeunNovember 28 -
Discover's lawsuit this week against Visa stems from years of practices that have their root in the Durbin amendment's debit-routing mandates, and Visa will likely have several ways to counter its rival's allegations.
By David HeunNovember 26
