Investment

WePay is adding application programming interface (API) capabilities to its risk management product, Veda, in an effort to streamline the way WePay's clients enroll new customers and handle transactions.

The U.S. is roughly two years into its migration to chip payments, but in the last few months I have seen the tide turn and this migration start to really pick up speed. But before I talk about where we are now, it’s important to understand where we have been and how we have arrived here.

The Justice Department is grabbing the spotlight with Operation Choke Point, a controversial investigation that's drawing U.S. banks deeper into the fight against consumer fraud. But below the radar, another federal agency is tiptoeing in the same direction, and again drawing stiff opposition from the banking industry.

Swift, the financial messaging service, has launched a new version of its Bankers World Online directory, which includes added information to aid international payments.

As state regulators take more interest in Bitcoin, third-party vendors are looking to apply the expertise they built in other markets to digital currency. One such vendor, Strevus, has a background in securitization, which is another volatile and risky market.

Quick Fuel, a provider of fueling solutions for commercial fleets and other U.S. businesses, has partnered with payments processor Comdata in an attempt to speed fueling and boost security.

Samsung Electronics Ltd. and semiconductor designer ARM have joined the FIDO (Fast IDentity Online) Alliance board of directors.

JPMorgan Chase will build on its developments in tokenization for a digital wallet that it plans to roll out by the end of the year.

After alerting its customers in January that its arts and crafts store chain had suffered a potential data breach, Michaels Stores Inc. confirmed last week that at least 2.6 million cards may have been affected.

Biometric technology could eliminate the need to carry a payment card or even a smartphone by allowing users to authorize payments with a fingerprint, handprint, face or retina scan. But the technology has had a rocky past, and each new product comes with new quirks.