Technology

Financial industry reforms place too much emphasis on risk control systems, missing the importance of influencing people's behavior, says Stephen Platt, author of "Criminal Capital: How the Finance Industry Facilitates Crime." He also discusses why clawbacks of banker pay, bonus caps and large fines against institutions that fail to deter to reckless conduct.

Mozido LLC is buying its way into China, giving it a head start as big companies like Apple also eye the country's payments market.

JetBlue Airways will become the first domestic carrier to accept Apple Pay.

Wirecard, a German digital payments company, is introducing a software development kit to provide payment capabilities via wearable devices.

Transpay is launching a mass payout feature which allows users of its cross-border payments platform to send funds to a recipient's bank account within minutes.

For two and a half years, Celine Lazorthes and her team at Leetchi, a group-payment provider for gifts and events, struggled with the regulatory requirements needed to become an e-money issuer in Europe.

Samsung is widely reported to be adding mobile-payment technology from LoopPay to its next Galaxy smartphone. Such an approach would be vastly different from that of Apple, PayPal or MCX's CurrentC — and it would address a key issue with LoopPay's own business model.

U.S. gas stations can wait until October 2017 to begin accepting EMV-chip cards or face the consequence of an increase in fraud liability, but there's already concern that the work at gas pumps could stall.

In the year since Barak Eilam took over as chief executive officer of Nice Systems Ltd., the company topped $1 billion in revenue and the stock hit an all-time high. Analysts say more records are in store.

National Recovery Solutions, a Lockport, N.Y.-based accounts receivable company, has increased online payments by 25% and reduced delinquencies by 40% in less than a year by adding a Virtual Negotiator to its debt collection team.