Technology

Parx, a subsidiary of On Track Innovations Ltd., has signed a 20-year parking space management contract with Albania's TIS Ltd.

A Near Field Communication patent application Apple Inc. submitted 18 months ago might demonstrate how future iPhones would make contactless payments at the point of sale.

Youth payments company Oink, formerly Virtual Piggy, is expanding its international e-commerce presence by working with the payment service company GlobalCollect.

Dwolla is expanding its next-day payments network to all business customers after launching it initially for government agencies and large corporations.

WASHINGTON — Banks are still feeling negative effects from last year's sudden rise in medium- and long-term interest rates, but plenty of signs in the Federal Deposit Insurance Corp.'s latest industry update continue to point to a lending resurgence in the near future.

MeaWallet is prepping to launch in a number of countries, and it is starting in Sweden through the use of a nationalized authentication standard.

Payoneer, a cross-border payment provider, is exceeding its 40% predicted growth rate with nearly 100,000 applications coming in every month.

The development of contactless technology, thanks to the NFC adoption in mobile handsets, is offering a new opportunity to create and develop value added services for the end user with an innovative and interactive experience.

Square, which built its business on the simplicity of its plug-in payment device, is piling on services that should make banks and other companies take notice.

The payment processing company Total System Services Inc. has hired a new global chief procurement officer.