Technology

Nearly 20% of consumers worldwide lack confidence that their banks can protect them from payment card fraud, yet nearly half do things that potentially expose them to fraud, new research says.

First Data is under pressure on a several fronts. While tasked with easing its debt, the Atlanta-based processor is also responding to the many disruptions brought by mobile technology and other innovations.

When people pay to use transportation, they're generating substantial data that's not being used to its full potential, says Phil Silver, director of business development for Urban Insights.

Philip W. Tomlinson, CEO of Total Systems Services (TSYS), will retire on July 31. He will be succeeded by M. Troy Woods, the company's president and COO.

Mobile payments technology provider SimplyTapp is opening its developer platform to allow card issuers and mobile app developers to quickly integrate Host Card Emulation, a technology that simulates a Near Field Communication contactless payment.

Online payments and electronic wallet provider Payza has added two features to its eWallet: Credit Card Top Up and Credit Card Withdrawal.

SIMalliance, which has been outspoken against the use of Host Card Emulation to simulate a Near Field Communication-based contactless payment, is now saying HCE technology can lead to more use of the phone's secure element.

Oracle Corp. agreed to buy Micros Systems Inc. for $5.3 billion as Chief Executive Officer Larry Ellison seeks to reignite slowing growth by adding software for hotels and restaurants.

Spindle, a mobile commerce provider in Scottsdale, Ariz., has integrated its payment aggregation services with RisePay's merchant platform.

A new startup called TruBeacon has developed a range of Bluetooth-based technology for mobile payments and other uses and market segments, including health care, data management, payments, rewards, community banks and credit unions.