Technology

New York’s Department of Financial Services (NY DFS) has recently issued guidance on its BitLicense proposal, which would create a transitional license for Bitcoin.

MasterCard is investing in and partnering with card technology company Dynamics to embed greater function into U.S. payment cards, a mission that has sputtered in past years.

Despite the many high-profile breaches that occurred over the past year, too many businesses have not adopted strong security practices and as many as a third don't have a clear understanding of where their sensitive data is stored or how it is protected.

The Aschheim, Germany-based payments company will process subscriptions for the TV station's Sky Starter and Sky Film packages.

Mobile payment share for Alipay, the payment affiliate of Alibaba, rose to 54% of payments in the first ten months of 2014 from 22% all last year.

Following the disclosure by a name brand retailer that their point-of-sale (POS) system had been breached, shoppers outside one of the retailer’s brick and mortar locations unanimously told a television reporter that cash was the safest way to pay in-person.

Visa and Kofax are attempting to simplify complex invoice payments in Asia by introducing technology into processes that have long been handled manually.

A Canadian startup, Koho, is poised to begin testing a mobile financial product that helps customers manage spending — think card controls that prevent late-night withdrawals to fund one round of tequila too many.

SignaPay, a payment processing company based in Irving, Texas, has acquired PayHub, a merchant services company in San Rafael, Calif.

Alipay, the payments affiliate of Alibaba, leads the market for online third-party payment services in China, according to a recent iResesarch, a Chinese market research firm.