Technology

There is much discussion around the demise of cash and quite rightly so. These are exciting times for the financial industry with substantial growth in payment innovation. Respondents to numerous surveys claim that they will use their mobile phone, contactless card and other alternative payments in the future and that they currently mostly pay for everything on card and over the Internet.

Corporate fleet card payments company WEX has renewed its card services partnership with the pest control company Rollins through December 2018.

The merchants who want to use Leaf's tablet for payments, called LeafPresenter, often also need transaction services. Through the launch of its online marketplace, Leaf will now be ready to offer information from a host of merchant acquirers.

Class actions related to Target Corp.'s massive data breach will be consolidated in the retailer's home state of Minnesota.

Nacha, the electronic payments association, has introduced a voluntary program that would use largely electronic methods to fix exceptions or errors in bill payments.

Data security provider Foregenix is in the thick of the endless war on cybercrime. And the payments industry's biggest weapons are no deterrent to fraudsters, says Andrew Henwood, CEO of U.K.-based Foregenix.

Vietnam Eximbank has implemented biometric technology for over-the-counter and ATM transactions where only fingerprint is needed for authentication.

Online payment provider BlueSnap has expanded its local payment methods for merchants selling wares in Brazil, Russia, India and China.

Nigeria is steadily adding technology to tackle its fraud and risk problems, improving the country's reputation in the international payments landscape.

Smaller businesses often have trouble finding a product designed for their size, and gift cards are no exception, says Mike Fletcher, general manager of InComm Digital Solutions.