Technology

The quest for secure, yet really quick and easy enrollment and login for bank accounts, has evaded banks for years, and it’s become more important than ever.

Rather than join the throngs of financial services companies advertising their affiliation with Apple Pay on TV, radio and in print, Discover Financial Services is communicating to customers by turbocharging its rewards program.

Major payment processors are lining up in support of Android Pay, which Google began rolling out in the U.S. last week.

Shortly after its deployment in New York, Verifone's taxi technology has come to Philadelphia cabs, which now enable passengers to hail and pay for rides through a mobile app.

Fiserv has completed a test run of its card-free ATM software, in partnership with VyStar Credit Union.

Atlanta-based bitcoin payment processor BitPay has suffered a phishing attack costing the company $1.8 million.

It's no secret that restaurants are going to be slow to adopt EMV relative to other retail categories, but in the past two months more dining establishments have begun to focus on the business-side issues and changes to customer interaction brought on by chip cards.

The two-sided retail payment network ecosystem is undergoing a tectonic shift. Distinctions between e-commerce, mobile commerce and payments at the physical point of sale are starting to blur, and a range of digital wallet platforms are changing the way that customers make purchases and payments. It may therefore be time for interchange 2.0.

The mobile technology craze is starting to sweep up loyalty programs, placing pressure on banks to brush up the reward redemption experience to meet consumer expectations.

PayPal's previous efforts to come to the physical point of sale about three years ago never managed to topple the entrenched payment methods. Now the company is taking another stab at it, securing an arrangement with Macy's Inc.