Technology

Given the spike in online fraud that accompanies the chip card migration, there are a lot of new authentication methods. Most of them still rely on information that's not dymanic and vulnerable.

The company's selling product that's similar to a store-branded card, but without the physical plastic. It hopes to appeal to small or midsize stores that don't want to run their own credit programs.

Payment and marketing company Harland Clarke Holdings has agreed to buy the popular online coupon site RetailMeNot for an equity value of $630 million, a deal that would add digital discount technology to Harland's existing merchant services.

First Data is teaming up with the bank to deepen the pool of knowledge and connections from which startups in the program can benefit.

Bank of America Merrill Lynch, Citi and PNC Bank are the first three banks to adopt the service, which is aimed at customers who use Visa commercial cards to buy supplies from Amazon Business.

The company is touring the U.S. in a large truck that contains its latest point of sale technology for banks and merchants.

Private information about consumer and business accounts was exposed. The bank immediately cited vendor error.

A technology development program will provide access to mentors and collaboration for developers.

Bank of America has added new features to its mobile banking app in an effort to build flexibility in mobile wallet options and more closely tie payments to financial services.

Both standards are confusing and not universally adopted. But both are a necessary baseline to protect merchants and payment companies.