Technology

Stockholm-based Seamless is threading currency exchange into its QR code-based mobile payment platform SEQR.

October 1 marked the dawn of a new era in the U.S. payment card marketplace. While there are not yet rules from the card brands that demand all parties utilize EMV technology, the financial liability shift is a significant first step across a line in the sand that cannot be erased.

Discover Financial Services, the credit-card issuer that's expanded to student lending and unsecured personal loans, posted profit that beat analysts' estimates as the firm bought back about 8 million shares of stock and provisions for loan losses declined.

While migration to cards with chip technology should help mitigate card fraud, additional steps by retailers and more layers of security are needed.

Deluxe Corp. is buying data services firm Datamyx LLC from Halyard Capital for $160 million in cash.

Visa Inc.'s CyberSource has launched an analytics tool called Decision Manager Replay that allows merchants to assess their online fraud management and detection strategies based on data intelligence.

With the EMV liability shift having just passed, banks and merchants alike are scrambling to comply with the card network-imposed deadline.

With EMV cards fighting counterfeit fraud at the point of sale, Gemalto Inc. says the timing is perfect to launch a payment card with a dynamic verification code to provide a similar improvement to e-commerce security.

Even before Apple Pay burst onto the scene last year as an enabler — and, in many ways, a competitor — of bank mobile wallets, U.S. banks have been told by investors, industry experts and customers to develop their own payment apps.

WEX has agreed to acquire fleet card provider Electronic Funds Source in a stock-and-cash deal.