Technology

Tim Wennes began a one-year term as chairman of the Consumer Bankers Association this week. In an interview with American Banker, he spoke about the need for an open dialogue with the CFPB and made clear the association is prepared to fight regulatory initiatives in areas such as private student loans.

Apriva has added data analytics and business management tools to its payments software for bank and merchant services clients, along with a Web portal where merchants can review consumer behavior.

China UnionPay has an enticing mix of attributes that make it very attractive for a new travel payments play, said Celia Pereiro, head of Amadeus Travel Payments, a unit of Amadeus IT Group.

The U.K. telco-backed mobile commerce venture Weve is reportedly ending its plans for a universal mobile wallet. Its members will work on their own individual mobile wallets, which will be challenged when they face off against the upcoming Apple Pay.

Blackhawk Network has completed the acquisition of CardLab, a Dallas-based online provider of business-to-business prepaid incentive and rewards cards.

E-commerce payments provider Adyen has partnered with Evernote, which offers software for note-taking and archiving, to launch Alipay's mobile-optimized checkout for users in China.

Host Card Emulation (HCE) is getting a lot of attention, since it offers virtual payment card issuers the promise of removing dependencies on “secure element issuers” such as mobile network operators (MNOs).

The term "opinion leader" has been used to describe those consumers who are wealthy, involved in their communities and knowledgeable about the world around them. Turns out, they also spend the most money on credit cards.

VeriFone and Creative Mobile Technologies are collaborating to remove a major barrier for the taxi rider who wants to use a smartphone to pay, but has the wrong app.

Square has raised $100 million in funding at a valuation of about $6 billion, according to Fortune, which attributed the news to market data source VCExperts.com