Technology

PayPal is revamping its lineup of mobile point of sale offerings, expanding developer tools and adding EMV in the U.S. But its new support for Microsoft devices may have the most impact as it pursues merchants that can already get payment capabilities elsewhere.

In a push to get commuters in Athens, Greece away from paying cash for public transit tickets, the mobile ticketing provider Masabi will add MasterCard's MasterPass as a payment option.

EMV cards are moving payments security in the right direction. But if hackers tamper with the hardware or associated software on merchants' EMV-enabled equipment, they can silently spirit off customer data.

Alibaba Group Holding Ltd. is in talks to buy a minority stake in India's One97 Communications Ltd., owner of an online payments processor, according to people familiar with the matter.

Western Union has begun offering a service that allows U.S. residents to send money to Mexican bank accounts.

The holding company for 15 banks, which is approaching $20 billion in assets, has been testing cardless ATM transactions since the summer of 2013. Now, it is expanding the capability to dozens of machines — marking it the first institution in the U.S. to take the technology, powered by the vendor FIS, into production.

It’s taken the U.S. years to embrace, but the migration to Chip and PIN payment technology and its associated “liability shift” will finally happen in 2015.

Education payments company peerTransfer has grown quickly by providing a specialized service to a specific market, but it may be time for it graduate to new lines of business.

Processor First Data is working more closely with long-time partner Underwriters Laboratories to speed up the EMV testing process and certify the chip-card technology in the U.S.

Payment companies and merchants are taking the wrong approach to cybersecurity if they address problems only after they arise.