Technology

FIS has launched a cloud-based, instant issuance system for EMV-chip cards.

Apple will be ready to accept Near Field Communication payments from phones in its stores, even though none of its consumer devices support NFC out of the box.

Ecopayz launched a private, online application designed for travel payments.

Square has removed its cloud-based Wallet app from the Apple iTunes and Google Play stores, apparently to make room for a new app called Square Order.

BMO's changes to how it organizes treasury and corporate payments can help it streamline client sales and payments product bundling.

Over the course of the NACHA Payments Annual conference, ACI conducted a survey to capture the sentiment of our industry experts and practitioners on hot topics impacting the payments ecosystem. We included mobile payments and real-time ACH, the latter of which generated interesting feedback and spirited discussion that was both insightful and directionally important to where we are headed as an industry.

Swedish mobile payment company iZettle has raised $55 million (€40 million) in Series C funding to expand its operations.

Contactless payment cards may never have had strong footing in the U.S. to begin with, but perhaps the biggest sign of the technology's downfall is JPMorgan Chase's admission that its Blink cards never quite caught on.

The car phone may be a relic of a bygone era, but more automobile and parking companies are looking for ways to put the mobile phone back in the driver's seat. And in many cases, payments are making the connection.

The explosion of startups developing payment tools hasn't ceased, and simple consumer mobile wallets are starting to make way for products suitable for large corporations.