Technology

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.

Alliance Data Systems has agreed to work with Toyota on a new line of private-label credit cards and to manage the Japanese automaker's existing co-branded card program.

Hoping to reach businesses with purchasing needs that can't be handled with just a credit card, WePay is turning to Automated Clearing House payments to diversify its transaction options.

Strengthening its reputation as an innovator of mobile payment technology, Barclaycard says it will be the first financial services provider in the U.K. to launch a contactless payment app through Near Field Communication-enabled Android phones.

Visa's ATM biometric trial in South Africa has the potential to spread a security technology that has encountered resistance in other parts of the world, including the U.S.

Royal Bank of Canada's marching ahead on two innovations designed to help it blanket the country's mature point of sale and connected devices.

Fintech firm Tanium says it has found a unique method for securing the tens of thousands of vulnerable points in the computer networks of banks and other companies.

As the Merchant Customer Exchange's CurrentC mobile wallet goes to trial in Columbus, Ohio—along with a limited test in Target stores nationally—the industry gets it first peek at the venture's priorities.

The age of the standalone wallet app, though still in its infancy, may already be making way for a new mobile payment regime.