Technology

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.

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.