Technology

The October deadline for EMV-chip card adoption is fast approaching, and banks that are behind the curve are turning to instant issuance to quickly get chip cards into the hands of their customers.

The Bitcoin Foundation's goal of promoting the new digital currency was quickly overshadowed by the personal and legal problems of its management. Now, under new leadership, the group aims to return to its original mission.

PayItSimple is extending the distribution of its installment payment technology by partnering with merchant services company North American Bancard (NAB).

Spindle has revised its Yowza mobile shopping app to fuel further engagement with consumers through its commerce platform.

A criminal planting malware to render payment card data unusable and seeking a ransom from the victim to decrypt it, on average, is getting an astronomical 1,425% return on his investment, security vendor Trustwave says.

Merchants face a confusing onslaught of terminal updates, encryption, tokenization and EMV, placing organizations like the Payment Card Industry Security Standards Council (PCI SSC) in the role of trying to make sense of the changes.

We already know that American Express, Discover, MasterCard and Visa are on board with Android Pay. MasterCard has mooted its launch date to be ‘in the coming months.' So, the global support network is in place, but broader questions remain: Will it take on Apple Pay? How will it compare, or even compete, with Samsung’s offering?

In a letter to nine lenders, New York Attorney General Eric Schneiderman said investigators uncovered identity-theft schemes hatched by tellers at some of the biggest institutions.

Several weighty issues remain on the agenda for policymakers over the next few months, including everything from living wills to regulatory relief to a long-lost compensation rule.

Many community banks are trying to determine the right balance of in-house staff and outsourced assistance in the area of risk management. Cost cutting and regulatory oversight loom large over such decisions.