Technology

While "double-dipping" fraud is reportedly rare, vendors want to stay ahead of a problem and help bankers feel comfortable raising deposit limits and expanding the user base for mobile deposit.

Jan Estep, president and CEO of Nacha, discusses the organization's revised proposal to speed transactions on the automated clearing house network and how it improves on the plan that member banks voted down two years ago.

Visa Europe may find itself in a damage control mode after researchers say they found a flaw in the brand's contactless cards, but the organization is expressing confidence in its security.

The device, known as Clover Mobile, allows merchants to perform a variety of business functions, including scanning inventory and taking payments, using a mobile tablet. Earlier versions of Clover, called Clover Station, were designed to be affixed to a countertop.

MasterCard Inc. will integrate the global consultancy firm into MasterCard Advisors, the professional services arm of MasterCard that provides transaction data and analysis to issuers and retailers.

Bitcoin merchant services provider BitPay added support for contactless Near Field Communication payments through its new Bitcoin Checkout App, eliminating several steps in its payment process.

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.