Technology

The White House is slated to unveil a major package of initiatives on Friday to increase data security for financial transactions, including an executive order to add chip-and-PIN technology to government-issued credit and debit cards.

MasterCard will launch a contactless card with a built-in fingerprint sensor in the U.K. in early 2015 with Norwegian payment technology provider Zwipe.

Almost half of merchant payment-card terminals in the U.S. will be able to handle more secure EMV- chip technology by the end of 2015, according to an industry group.

WASHINGTON — To hear the Consumer Financial Protection Bureau tell it, the private student loan market is a mess, filled with angry borrowers many of whom claim to have been taken advantage of by banks and servicers.

A third of the veteran-owned businesses certified with the Veterans Administration are already First Data clients, and the processor is working to win over the other two-thirds.

Starbucks Corp. is testing its first order-ahead mobile application this year in Portland, Oregon, in a bid to speed up service and boost sales.

Three massive companies, Alipay, Apple and PayPal, are on a collision course as they move to shake up the global e-payments market.

Apple, which launches its mobile wallet on Oct. 20, has convinced more than 500 banks to support Apple Pay by early next year.

Web standards developer W3C has formed the Web Payments Interest Group to create security and customer experience standards.

American Express Co. is pulling new levers to build its business with small merchants and drive mobile wallet adoption, emphasizing its work with Apple Pay.