Technology

Even though it has had a presence in the market since 2014, Square Inc. has made its launch in Australia official as it begins to offer payment processing and sales of its mobile point of sale hardware and software.

In expanding Visa Token Service, the card brand is requiring issuers to stop using alternate personal account numbers in cloud-based mobile payments and instead converting to tokenization.

Financial technology and marketing provider Kasasa has launched a Credit Card As A Qualifier option for its community financial institution customers.

The idea of banks becoming Token Service Providers (TSPs) is an increasingly relevant move.

In explaining the bank's commitment to the Chase Pay mobile wallet, an executive told investors in February that the mobile payment landscape was going to get more complicated before it gets simpler.

Encryption keys are vital to the secure operation of payment acceptance devices. But key transport protocols have not kept pace with the movement toward standardized encryption practices. This adds cost and complexity to payment infrastructure and processes.

Atlanta is flush with payment processors that handle more than 70% of the nation's transactions. These players now plan to expand their reach even further, hoping to make the southern city a fintech hub to rival Silicon Valley and New York.

Putting bank venture clearXchange's push for real-time person-to-person payments in motion, U.S. Bank says it is one of the first to make the service available to its customers.

Adam Draper of Boost VC talks about the rise of the blockchain, the challenges of the bitcoin world and the future of banking.

A new Federal Reserve Bank report opens the door for retailer groups to push again for even lower transaction fees by deflating the argument that small banks have been harmed by the Durbin amendment's reduced debit transaction fees for larger banks.