Technology

MasterCard Inc. plans to help its cardholders address issues that arise from identity theft, while also extending its zero liability policy to include PIN-based and ATM transactions.

SumUp's plan to create an end-to-end mobile payment system without reliance on third parties became a reality this week with the rollout of a chip-and-PIN mobile card reader and terminal system.

There’s no doubt that the payment industry has gone through significant changes over the last few years. The implementation of stringent federal regulations presents a number of challenges for payment processors. And with increasing instances of frauds and disputes, merchants and customers alike are expecting payment service providers to ramp up in terms of security measures, yet still make transacting easy for them.

The fleet card provider WEX Inc. has extended its contract to provide private-label and fleet card services for Phillips 66.

The Nebraska State Treasurer's office has partnered with PayNearMe to allow residents who prefer cash a way to make online payments.

VeriFone and iPayment are partnering on a tablet-based point of sale system to provide small-business owners the types of services more commonly used by larger businesses.

Intuit Inc. has entered an agreement to buy Check for $360 million, adding payment capabilities to its online and mobile personal financial management (PFM) offerings.

The days of salesmen peddling point of sale terminals by simply pulling hardware out of a box are likely numbered.

Touch-screen point of sale systems make a substantial impact on a merchant’s bottom line. In fact, a POS system typically delivers 4% to 8% in operational savings, resulting in a significant improvement to a merchant’s profitability.

Widely regarded as a titan of online payments in the United States, PayPal has built a significant business in Europe as well. But is its online payments business a strong foundation for the still-nascent mobile money market here?