Technology

Wirecard, an electronic payments company based in Germany, has partnered with Bank Mega to provide retailer Carrefour Indonesia with point of sale technology.

The White House rolled out several more cybersecurity provisions on Tuesday, including a proposal to better coordinate information sharing between the government and the private sector around cyberattacks and emerging threats.

Government officials in Gujarat will partner with MasterCard to pursue a goal of being the first state in India to have a digital payments system.

Banks can be compliant with cybersecurity guidelines and still remain vulnerable to massive liabilities. One case in point: many financial institutions carry mandatory insurance policies that could leave them on the hook for six-figure losses from corporate account takeovers.

Apriva is integrating its payments gateway with software that automatically updates point of sale systems connected with Apriva as new types of payments emerge.

In taking on contingent acquiring liability, merchant acquirers risk substantial exposure to financial losses in the event of client insolvency.

While many agree that usernames and passwords should give way to more advanced identity management, progress toward this goal has been extremely slow.

A new push by President Obama to tighten cybersecurity at banks and other businesses could help light a fire under some firms that have historically been slower to react in the wake of a data breach and help financial institutions dealing with a tangle of confusing state laws.

The telco-led mobile wallet venture Softcard has laid off 60 employees and is consolidating its offices, a sign that the company's staffing may have been oversized compared to its opportunities in the market.

Capital One acquired Level Money, a startup with a budgeting app for consumers, on Monday. Level Money has approximately 700,000 users and claims to have helped users manage a total of $12 billion during its brief existence.