Technology

Fresh off the announcement of Walmart Pay, fellow retail chain and Merchant Customer Exchange (MCX) member Target is planning its own mobile payment system, according to CNBC.

The age of Google Glass may be over, but 2015 saw wearable technology emerge in more subtle forms such as watches, rings and other items that appear more trendy than geeky. The payments industry is working to make the most of this fashionable trend.

The Payment Card Industry Security Standards Council has added two years to its deadline for organizations involved in payment processing to upgrade to a more secure Web protocol.

Small to large retail vendors are constantly aspiring to improve customer experience, resulting in more friendly point of sale (POS) interactions.

Uber's ride sharing app is generally considered less of a threat to payment processors than to the Taxi and Limousine Commission, but the ease of Uber's payment process may prompt consumers to grow frustrated with any process that forces them through a traditional checkout page.

London-based Powa Technologies has formed a 10-year alliance with China UnionPay to extend the PowaTag smartphone shopping app to CUP’s 1.3 billion credit and debit cardholders.

FIS in Jacksonville, Fla., has partnered with the Venture Center to create an incubation lab to boost innovation in financial technology.

Moven will soon prompt its customers for usernames and passwords only for riskier transactions. By removing the login for most functions, the company aims to drive engagement in an app meant to be used on the go.

Ramamurthi has transformed a 123-year-old institution with one branch serving a dusty Kansas town into a seedbed for disruptive financial technology — not to mention a wildly profitable generator of fee income.

Wells Fargo in San Francisco said that its chief information officer will retire at the end of March.