Technology

The Merchant Customer Exchange, backed by Walmart, Target and other mega-retailers, now operates in a market where Apple changed the ground rules. Though the initiative has yet to formally launch its CurrentC mobile wallet, MCX has already been forced to adapt many times.

The Costco cobrand card was a huge win for Visa, but nevertheless the card network's chief executive, Charlie Scharf, found himself defending the terms of the partnership.

Corporate payment cards usually have sophisticated restrictions or controls designed to make unauthorized use difficult, if not impossible.

Offering consumers more extensive ways to shop and pay whenever, wherever and however has become a competitive advantage for retailers. So what can the accounts receivable management (ARM) Industry learn from the retailers clamoring to provide their customers with a perfect "omnichannel" experience?

Citigroup and other banks are increasingly looking to startups to help them compete in a world in which Google, Apple and other tech firms are rapidly becoming potential threats.

Another Bank of America executive has joined Novantas, a maker of financial-analytics software for banks.

Data security organizations have developed an EMV chip-card education program to help independent sales organizations and software vendors simplify testing and certification for their merchant clients.

Everlink Payment Services Inc. of Markham, Ontario, has introduced a new anti-fraud service that allows Interac debit card users to activate and deactivate their accounts for security.

If banks and retailers want a piece of the mobile wallet pie that Apple Pay is steadily gobbling up, Nacha says it has a formula to achieve that.

The line between in-store and in-app payments is blurring and the channels are not as distinct as they used to be.