Technology

Payments innovation normally migrates to the U.S. from Canada, which is at a more advanced stage of deployment with EMV-chip cards and other technology. But that's not the case for business-to-business payments.

U.S. consumer spending this holiday season appears to be on track to surpass last year's even after initial reports of a Black Friday retail-sales slump, according to MasterCard Inc. Chief Executive Officer Ajay Banga.

Bankrate Inc., an aggregator and publisher of rate data and news related to personal finance, has acquired Wallaby Financial Inc., a firm that provides credit card reward apps to consumers.

Zomato hasn't been able to add payment capabilities to its restaurant discovery app in its home base of India, but the company has found a more welcoming audience in Dubai, where it plans a pilot next month.

Sprint's Boost Mobile Wallet and Sprint Money Express have added features that allow users to buy and send electronic gift cards.

A bank-backed platform for sharing information about cyber security threats has been released for general download.

For Cubic Transportation Systems, the term "NextCity" describes a city in which consumers use a single account for transit and parking while making payments through a smart card or mobile app.

Dutch digital security company Gemalto and Chungwa Telecom, a Taiwanese firm, plan to commercially launch Near Field Communication-based mobile payment system for the telco's subscribers.

Target Corp. must defend itself against claims that its failure to shield computer systems allowed hackers to steal the account data of millions of shoppers, forcing banks to reimburse fraudulent charges and issue new credit and debit cards.

Stripe Inc. has raised $70 million in a financing round that values the digital-payments startup at $3.5 billion.