Technology

American Express Co. has to spend more on its credit-card rewards program if the lender wants to remain competitive with Visa Inc. and MasterCard Inc. products, according to Nomura Holdings Inc.

Qiwi, a Russian payment services company is working with Beeline Russia to allow its customers access to Qiwi's digital wallet service.

As cards include more embedded technology, issuers and manufacturers face the tough question of how much card power to sacrifice for stronger fraud protection.

Another year brings another attempt by Google to develop the winning formula that will allow it to compete long-term in the mobile payments war.

Comptroller of the Currency Thomas Curry described cyber-readiness as a "system-wide" exercise, and said a new tool for assessing readiness can help banks of all sizes.

In the second part of a two-part conversation with American Banker, miiCard's James Varga discusses how his company leverages the trust placed in banks to create "digital passports" for consumers to prove their identities without oversharing information.

U.S. Bank in Minneapolis has updated its mobile corporate payments to allow the use of virtual card accounts, which give users a temporary 16-digit number to execute transactions.

The rapid pace of change has forced payment companies to collaborate more often, a posture that will help the industry in the future, even if EMV and other innovation disrupts the market.

Traditional assumptions about how demographic groups adopt digital channels are fading as comfort with new technology becomes common, according to new research from payment processor Total System Services (TSYS).

Visa and Verifone hope to reach merchants that are anxious to follow the shopping experience as consumers make purchases through a combination of apps, websites and in-store visits.