Technology

Machine-learning fraud detection, which self-updates to adapt to fraud trends, is growing in popularity but hasn't rendered hands-on methods obsolete.

Visa will be counting on its bank partners to spread the message about its revamped Visa Checkout to consumers.

Mobile payments now account for over 15% of transactions in U.S. company-operated Starbucks stores, where the company accepts an average of six million mobile transactions every week. This is a sharp increase from a year ago.

Ion Bank has been using interactive teller machines, which let customers conduct video chats with tellers, for more than a year. The technology has helped some of its branches stay open for business 27 hours longer per week without overspending.

Visa, which just revamped its digital payment system, will introduce secure "tokens" in September to replace the 16-digit account number for online payments.

The payment processor Total System Services (TSYS) has upgraded the card management software that C. Hoare & Co. uses manage its Visa card portfolio.

PayPal has expanded its mobile payment options in the Netherlands by working with Rabobank's MyOrder.

Facebook, which hired PayPal president David Marcus to run its Messenger business last month, has shed some light on how Marcus' expertise will play a role.

The Clearing House and EMVCo launched separate efforts to develop standards for tokenization, a process that replaces sensitive account data with a secure token. But now, their paths are converging.

Happy Belly Curbside Kitchen, which operates out of food trucks, is planning to become a sit-down restaurant within the next year and is relying on mobile point of sale technology to make the transition.