Technology

After two years of getting its footing in the U.S. and South American markets, Poynt is ready to expand into Europe.

Chinese bettors withdrawing money from some ATMs in Macau need to do more than punch in their PIN code. They also have to stare into a camera for six seconds so facial-recognition software can verify their identity and help monitor transactions.

More e-commerce and multi-channel merchants are accepting payments from mobile devices, even though they haven't addressed all of the security gaps inherent to the technology.

Apple's plans to display a bright blue bar on iPhone screens when an application is monitoring the user's location may feel like a threat to location-based marketing. More likely, it is an overdue wake-up call for retailers and banks to improve their communication about the benefits of location data.

The move to faster processing has a lot of names, but the most important advancement will be the certainty that the transaction was successfully completed, writes Gene Neyer, head of industry and regulation at Finastra.

Out of the ashes of the fake-accounts fiasco, heads of business lines became more open to change, an executive at the bank’s innovation group said Wednesday.

International cross-border transaction enabler TransferTo has partnered with the e-commerce platform MallforAfrica enabling nearly 300 million African consumers with mobile money accounts to shop abroad.

Toronto-based nanopay Corp. is making MintChip, a digital currency it acquired in 2015 from the Royal Canadian Mint, available to merchants looking for a lower-cost payments channel by leveraging digital cash.

Not content to have Amazon and Walmart steal all the thunder, Target has begun a pilot of a grocery delivery service called “Restock,” with terms that are designed specifically to make its rivals look slower and more expensive.

Chinese tourists visiting Spain will be able to shop at Spanish stores using their Alipay mobile wallets through an agreement between BBVA Group and Ant Financial Services, the Alibaba affiliate that operates Alipay.