Technology

Even though the payments industry earlier this year put an end to the debate over how to comply with a federal mandate for routing EMV debit transactions, the technology still isn't widely available.

In the payments security industry, tokenization initiatives have started to emerge, which would have important ramifications for retailers if they were to take off.

As payments leave plastic behind, the pressure is on banks to stay in front of merchants and consumers. But in its pilots of payment-capable wristbands, Royal Bank of Canada is finding that there are some areas that banks should steer clear of.

Safaricom Ltd., East Africa's biggest mobile operator, is bracing for competition in its key mobile-money business that helped boost first-half profit by 30 percent, Chief Executive Officer Bob Collymore said.

While "double-dipping" fraud is reportedly rare, vendors want to stay ahead of a problem and help bankers feel comfortable raising deposit limits and expanding the user base for mobile deposit.

Jan Estep, president and CEO of Nacha, discusses the organization's revised proposal to speed transactions on the automated clearing house network and how it improves on the plan that member banks voted down two years ago.

Visa Europe may find itself in a damage control mode after researchers say they found a flaw in the brand's contactless cards, but the organization is expressing confidence in its security.

The device, known as Clover Mobile, allows merchants to perform a variety of business functions, including scanning inventory and taking payments, using a mobile tablet. Earlier versions of Clover, called Clover Station, were designed to be affixed to a countertop.

MasterCard Inc. will integrate the global consultancy firm into MasterCard Advisors, the professional services arm of MasterCard that provides transaction data and analysis to issuers and retailers.

Bitcoin merchant services provider BitPay added support for contactless Near Field Communication payments through its new Bitcoin Checkout App, eliminating several steps in its payment process.