Technology

Alibaba Group Holding Ltd. will invest another $1 billion to raise its stake in online mall Lazada Group SA to 83 percent, securing control of a fast-growing startup at the vanguard of its Southeast Asian expansion.

Visa said its investment in Klarna will advance online and mobile commerce across Europe, but there are broader implications for other markets and consumer groups.

Particularly at risk are service providers with high volumes of automated or customer-initiated debit payments, such as cell phone service providers, utilities, cable companies, insurance, and retailers.

Imagine if we could take all the data that's coming from the real economy and use that to discern price, predict performance, understand risk and make better investment decisions. The only feasible way to do this is through artificial intelligence.

With this latest batch of new contracts, the credit union service organization now counts 23 of the 25 largest CUs as clients.

For Google and its peers the fine may be the beginning of increased regulatory scrutiny across other digital services within their ecosystems, including payments.

Verifone is focusing more on operating an open platform in which third-party developers and financial partners could build within Verifone point of sale network parameters.

The Westpac keyboard function, which helped support social payments, will be removed from the Apple store in July. The move follows a long dispute between banks and Apple over access to Apple Pay.

Users shop and make selections in a catalogue through eye motions via the headset, and use the same approach to pay.

Visa Inc. is buying a stake in Swedish payments technology firm Klarna AB and forming a strategic partnership, as both companies aim to expand outside their core markets.