Technology

Many companies have struggled for years to find a way to get consumers to use phones for payments. Some wallets promise better rewards and others promise stronger security, but Tipl.ly's approach is a bit more primal.

Avangate is working to meet its customers' demands for revenue-recovering tools for "freemium" business models, which offer a basic product or service for free but charge for add-ons or ongoing use.

As Apple and the Merchant Customer Exchange battle it out over smartphone-based payments, Royal Bank of Canada and MasterCard are jumping past the phone to cement their roles in the fast-growing market for wearable payments.

The bank's first chief data officer, A. Charles Thomas, is training his analytical eye on cross-selling opportunities, delivering instantaneous client data to employees and hiring techniques.

Tokenization, a security method that eliminates account data from exposure, is fast becoming linked to the advancement of mobile payments. American Express' latest service is designed to push both technologies along.

CPI Card Group, a provider of EMV payment services in Littleton, Colo., has launched a new service to support Near Field Communication-based mobile payments.

Verifone is changing its logo and marketing to signal the many pivots it is making to provide a broader range of services to merchants that must embrace mobile and digital technology to stay relevant.

Ingo Money, which specializes in digitizing check payments, has entered an agreement to buy Salt Lake City-based Fuze Network, which handles cash loads for credit, debit and prepaid accounts.

Airlines are looking to new technology to mitigate loyalty program fraud, which has typically been difficult to control.

The payments industry has long been creating new innovations to combat fraudsters in order to create a secure environment for financial transactions.