Technology

Major Indian payments vendor Oxigen is planning for some serious expansion—to the tune of 1,500 new hires and roughly $200 million in new fundraising by June—as it starts focusing on suburban and rural India especially in east and central India, according to a PTI report in Livemint.

When it comes to biometric authentication, Samsung is looking way beyond fingerprints.

At a time when many independent sales organizations feel threatened by disruptors like Square and Groupon, which sell directly to merchants, Verifone is relying more on ISOs to extend its offerings to smaller stores.

Modern payment terminals are streamlining the update process for merchants by enabling instant updates of their capabilities, and U.S. Bank is taking advantage of this technology to rapidly get new offerings to market.

Security services firm ControlScan has updated its SiteWatch software to help acquirers and payment facilitators detect e-commerce fraud.

Santander Innoventures Fund says it has earmarked $5 million to Israel-based mobile payment and loyalty provider MyCheck as its first investment.

Banks have been experimenting with biometrics for decades. (Most) recent initiatives show real promise for self-identification using physical characteristics.

Fresh off its success in the Philippines, Seattle-based transfer company Remitly is using mobile security and other digital features to tap other markets, where an endless supply of competitors and fraudsters await it.

Geopolitical and regulatory risks are rampant in Europe, but Visa Europe is well positioned to weather the storm.

Alternative financial service providers that sell prepaid cards, bill pay, check cashing and other services to underbanked consumers are becoming more sophisticated with the ways they mine customer data.