Technology

As we approach the midpoint of 2016, two of the most pressing matters in the payments industry have become more acute—the push for greater transparency and accountability in merchant acquiring and processing.

PayPal is continuing its advance through Europe's mobile payments landscape with partner Vodafone, ending any notion the e-commerce payments giant isn't interested in having a presence through Near Field Communication technology at the point of sale.

While mobile snapshots are becoming a popular way to authenticate consumers, Citrus Pay is turning the idea toward merchants by developing a mobile app that will allow users to create an online store with the snap of a photo.

Fannie and Freddie regulator's first report on NPL sales shows more borrowers avoid foreclosures when their loans are sold to investors.

Bottomline Technologies and Global Processing Services have partnered to bring consumers 'banking lite' card services.

China is a huge but challenging market for external payments companies, and Canadian contactless payment provider Mobeewave is seeking help in the ground by partnering with the Alliance Development Group.

Merchants have long sought to change how the card networks charge fees, and are getting a new chance after more than a decade of court squabbles.

Grocery chain Aldi, which manages overhead by requiring consumers to bag their own groceries, is a late adopter--but it is starting to add new payment types.

Bokis, a consortium of 62 small- to midsize banks in Denmark, will launch an NFC-based digital wallet this fall powered by host card emulation (HCE) that will be available to all its members, according to Nets A/S, the Denmark payments technology firm heading the wallet’s development.

A $5.7 billion settlement by Visa and MasterCard was rejected by an appeals court in New York, potentially renewing years of litigation with U.S. merchants over allegations that credit-card swipe fees were improperly fixed.