Technology

The House Oversight Committee, which earlier this year admonished the Department of Justice over its tactics for combating fraud in the payments system, has turned its focus to the role of the Federal Trade Commission in the ongoing crackdown.

With the coming split from eBay, PayPal is poised to become one of the new leaders challenging the plastic card and magnetic stripe hegemony.

Payment companies are building mobile loyalty and financial literacy programs to target today's digitally-savvy kids, but are discovering a physical presence is still necessary for redemption.

Hamstrung by low consumer and merchant adoption, multi-account cards are still a product in search of a market. But Stratos Inc. believes Bluetooth technology is the tonic that will lure users.

Mobile handset manufacturer Samsung is tossing its hat into the mobile payment market in China, which is in its early stages but offers substantial opportunity.

GoDaddy is partnering with online payments provider Stripe to entice small businesses to embrace e-commerce by adding faster credit approval and card acceptance.

Interactive Voice Response (IVR) technology can be a huge help for payment collectors, from allowing customers to make payments over the phone to simply checking their balance.

The transit card may be on its way to joining tokens in the dustbin, as huge contactless payment deployments in cities like Beijing add flexibility for commuters and reveal the broader utility of Near Field Communication.

EBay and PayPal were once rivals, but in 2002 they joined to become a single company. Since then, PayPal has worked to move beyond the confines of its parent's online auction site. It is now well prepared for its planned spinoff.

Banking and payment technology provider a FIS has completed its acquisition of payment processor Clear2Pay, a transaction it started early last month.