Technology

Europe has been a clear leader in the adoption of EMV. One notable migration took place in the United Kingdom. The U.K. began the process of promoting EMV in 2002 and completed the full roll out in 2006.

The major card networks operate from a position of strength as among the first movers in providing tokenization, but they must move with the market if they want to hold that position.

When Cumberland Farms said this month that it had processed $1 billion worth of gas via its decoupled debit card over the course of nearly three years, it was the latest example of the power of the decoupled debit card. And yet, other than Target's RED card, decoupled debit has barely moved beyond the convenience and petroleum segment.

Credit card networks and issuers have done a poor job in explaining the implications of the just-passed Oct. 1 deadline for moving to EMV chip-and-PIN cards, leaving many small businesses confused, lawmakers said Wednesday during a hearing on Capitol Hill.

MasterCard and mobile commerce provider P97 are collaborating to support a service that helps consumers find and make mobile payments at gas stations and convenience stores.

JetPay Payment Services has chosen debit technology and processing veteran Thomas Tesmer as its new chief operating officer.

A tiny South Carolina bank has learned the hard lesson of countless failed Silicon Valley startups: when you swing for the fences on a transformative new technology, sometimes you strike out.

Like everywhere else on the planet, African retailers are struggling with the mobile payment chicken-and-egg dilemma — how can they accept mobile payments if consumers aren't using the technology?

Visa Europe is collaborating with Central Saint Martins College to determine if the true innovation in wearable computing is less about the "Internet" and more about the "things."

Starbucks Corp. named Adobe Systems Inc. executive Gerri Martin-Flickinger to the newly created role of chief technology officer as the chain increasingly focuses on selling coffee through its mobile-phone application.