Technology

Gary McAlum, USAA's top security executive, discusses what he sees as a false choice between security and convenience, his company's progress in getting users to adopt biometric authentication, and the need for a holistic approach to security.

ACI Worldwide has begun to lend a hand in The Clearing House’s effort to create a real-time payments system in the United States.

As it seeks new business in Europe, PayPal is expected to soon launch a partnership with Vodafone that would allow Android smartphone users to make contactless tap-and-go payments at the point of sale. At the same time, Apple has begun securing bank partnerships for an imminent launch in China, according to reports.

The Electronic Transactions Association released its updated Guidelines on Merchant and ISO Underwriting and Risk Monitoring last week, spotlighting various merchant categories that face the biggest scrutiny from law enforcement agencies.

An Istanbul-based payments startup says it’s signed a deal that smooths the way for companies seeking to follow it into Iran’s $400 billion economy.

It has been difficult for the card brands' 3D Secure technology to find a following in the U.S., in part because of a lack of awareness, and in part because of the consumer friction the authentication process has caused in the past.

In comparison to the countries that have already implemented faster payments, the U.S. market contains a far larger and more diverse array of financial institutions that would have to implement the system in order for ubiquity to be achieved.

As Apple Pay crossed the 15-month mark, a new report suggests consumer awareness and usage of the mobile wallet are falling, despite robust support from banks and an exponential increase in the merchants that can accept Near Field Communication payments.

Visa has accumulated a 9.99% stake in Square, according to a filing with the Securities and Exchange Commission, giving a boost to the mobile point of sale company, which has faced challenges recently.

Much of the growth in wearable technology is happening without an eye to enabling payments. This is prompting many companies to find a way to add payment capabilities to wearables without forcing users to buy an entirely new device.