Technology

Messenger bots, an artificial intelligence-driven application, can respond to customer queries over social messaging platforms. Bot interactions attract a consumer who is engaged and interested in pursuing a transaction.

The EMV migration includes support for chip cards and NFC contactless payments, giving banks room to compete in the contactless payments market just in time for wearables to take off.

The initiative would add payments to the country's national identity system, but the government wants more time to review Mastercard's proposal.

The president's executive order reflects a lack of trust in the identity information shared between countries. In theory, blockchains are tailor-made to solve this problem, but current systems may not be up to the task.

The bank's next big challenge is to find a place where the emerging technology best fits its needs.

Taxi hailing and payment technology has been an important part of Verifone's mobile payment strategy, and this new move will fold Way2ride into Curb.

Westpac in has been aggressive in supporting and adopting emerging merchant and payment technology in Australia.

American Express has signed on to the Hyperledger Project, a industry group of more than 100 members developing blockchain technology for corporate use.

President Donald Trump's plans to deregulate the financial services industry still lack detail, though Mastercard is betting on a more favorable legal environment in the future.

In time, more large institutions will realize that closed, centralized blockchains aren’t any better than the databases now in use.