Technology

Total System Services (TSYS), in partnership with commercial software provider Acquirer Systems, has launched a new EMV certification service.

Financial institutions take information security concerns very seriously, but few make it a priority to keep accountholders updated on their safeguarding efforts.

The nation's Federal Reserve Banks have kicked off a multi-year process aimed at speeding up our often painfully slow payment system. Earlier this month, a Fed task force on the issue elected a steering committee that will play a key role in defining a path forward. The 19 members on the steering committee represent various parts of the payments ecosystem, including banking giants, corporations like Walmart that are large users of the payment system, and payment innovators like Dwolla and Ripple Labs. Here's a look at 13 of them.

Even though it is still the very early days of mobile payment wearables, consumer use of the devices is poised to reach a transaction volume at $501.1 billion by 2020.

MasterCard and Citibank India have launched what they claim is the first global digital wallet service in India.

Max Levchin, founder and chief executive of point of sale credit startup Affirm and co-founder of PayPal, has resigned from his position as chairman of Yelp's board.

MasterCard is cooperating with a European investigation into its fees, though it is questionable that this process will have a widespread effect on interchange, according to MasterCard CEO Ajay Banga.

More than a third of small-business owners won't accept EMV chip cards by Oct. 1 — and don't plan to do so any time in the future – but they may change their minds if the decision costs them as little as $100 in fraud losses.

While tokenization does represent progress, it is important to consider whether tokenization is, in fact, enough to secure online payments. There are some vulnerabilities, and as cyber thieves grow more sophisticated, companies will have to continue to innovate better security solutions, as well as ensure the ones that are on the market are being used as effectively as possible.

PayPal this week released new research predicting a robust market in China for U.S. retailers, a bullish outlook that’s not being tempered by the vast selloffs in the Chinese financial markets.