Technology

Visa has begun rolling out the Visa Token Service in the Asia Pacific region, starting with United Overseas Bank in Singapore.

The uncertain state of the prepaid card market doesn’t faze Texas entrepreneur Houston Frost, who has relaunched the Akimbo prepaid card, a concept he’s championed since 2011.

Branches using technology to issue cards on the spot leads to increased card usage, so banks should aim to maintain instant issuing capability with the EMV conversion.

The Bancorp in Wilmington, Del., is looking for a new chief executive. The $4.7 billion-asset company said that Frank Mastrangelo resigned as CEO to become its technologist in residence.

Retail executives suffer from a false sense of security regarding how their employees follow procedures to keep payment data safe — especially at this time of year when companies hire seasonal help, yet provide those temporary employees with access to account information.

Though it seems as if the Merchant Customer Exchange has been stuck in the same mud the past year — still testing its CurrentC mobile wallet with no true launch date set — much has happened to support those who believe the retailer joint venture could still land squarely on its feet.

WASHINGTON — Fannie Mae and Freddie Mac would be able to evaluate and use new credit scoring models under a bill introduced in the House that seeks to create more competition in the credit scoring industry.

Wirecard Group and Alipay are collaborating to provide European retailers with barcode technology enabling Chinese tourists to make point of sale payments using the Alipay mobile wallet app.

Reports that last week’s mass shooting in San Bernardino, Calif., may have been financed by a $28,500 loan from Prosper Marketplace have sparked a wave of scrutiny of online marketplace lending, where fraud rates are much higher than credit cards.

Dealing with late and missed payments from creditors is a chronic complaint of small businesses, who are often stretched too thin to chase down money owed to them. But a U.K.-based startup aims to attack that problem with YayPay, an automated invoicing platform with a bill-collections feature that launched this week in the U.S.