Technology

Apple Pay is steadily making its way around the globe, though it hasn't always had the full support of the major banks in each region. By the end of October, Apple Pay will be live in 10 markets.

As more merchants worry about EMV card slowdowns ahead of the holiday shopping season—when bottlenecks at checkout points could lead to many lost sales—more companies are coming up with their own ways to slash EMV payment times.

For many restaurants that originally put EMV on the back burner because of technical complexities and a lower general risk of counterfeit card fraud, waiting to support chip cards has proven to be the right decision.

WASHINGTON — A bipartisan group of House lawmakers on the financial services panel introduced legislation Wednesday that would help banks remotely open accounts.

Concerns about fraud and theft risks are inhibiting adoption of mobile wallets, yet nearly 60% of executives say mobile money will build their business because it is safer than alternatives like cash and cards, according to new research from NTT Data Consulting and Ingenico's ePayments division through Oxford Economics and Charney Research.

New York’s Metropolitan Transportation Authority has added Apple Pay and Masterpass to its mobile app offerings.

3D Secure — commonly implemented as a prompt for an extra password during an e-commerce checkout — was too clunky to appeal to consumers in its original form. But a nearing upgrade could turn 3D secure into a staple of e-commerce by tying it into mobile wallets.

Preventing fraud across multiple purchasing channels is the next major paradigm shift for bank card issuers and merchants.

Bankers already scrambling to comply with a number of different federal cybersecurity standards are raising concerns about a proposal from New York to layer on some additional state rules.

The biggest surprise for many who awaited the Consumer Financial Protection Bureau’s final rule for prepaid cards was discovering that its reach extends to some of the payments industry’s highest-profile tech firms, such as PayPal Inc.’s Venmo, Square Inc.’s Square Cash and Dwolla.