Compliance

Cashless payments provider SIX Payment Services has launched a virtual PayLife credit card for making mobile payments in Austria.

By partnering with Intuit, Wells Fargo is continuing its journey toward API-based data sharing, and away from screen scraping.

India's sudden shake-up of its currency system last fall was an early holiday for digital payment companies, and Visa was no exception.

Data breaches at financial institutions dropped by 26% in 2016, but breaches as a whole were up significantly.

People are warming up to mobile payment apps like Apple Pay and Samsung Pay, but concerns over fraud and ID theft could still pose headwinds.

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.

Banks are checking vendors' security practices; Mnuchin appointment to Treasury put on hold as Democrats stall.

The president's executive order reflects a lack of trust in the identity information shared between countries. In theory, blockchains are tailor-made to solve this problem, but current systems may not be up to the task.

To date, Ant's Alipay has been comparable to PayPal, seldom venturing beyond payments. The financial products Alipay plans to pursue as it enters new markets put it more firmly in direct competition with mainstream banks.

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.