Technology

As mobile devices become more integral to consumers’ lives, they present more opportunities for interaction with banks, payment companies and merchants. Here are a few companies that are pushing mobile technology into the future.

WorldPay Group, of London, has acquired Cobre Bem Tecnologia, one of the largest payment processors in Latin America.

Ever since the Target data breach made national headlines late last year, customers at City Bank Texas in Lubbock have been deactivating and reactivating their debit cards with much greater frequency.

Security can be difficult to improve at gas stations because payment hardware is built into the pumps, making it costly and difficult to upgrade. First Data and VeriFone are teaming up to overcome this challenge.

Wells Fargo is expanding its commercial card portfolio to Europe with the launch of a European Commercial Card.

Masabi Ltd. will provide its mobile ticketing service to commuters using rail lines on New York's Metropolitan Transportation Authority system, the London-based transit payment provider says.

The Target data breach has sparked more awareness of card security issues, but nearly 90% of U.S. consumers responding to a Phoenix Marketing International survey don't know much about the EMV-chip cards Target and others are adopting to deter counterfeiting.

Alibaba Group Holding Ltd., the Chinese e-commerce operator headed for an initial public offering, is in talks to regain a stake in the Alipay payments affiliate, according to a person familiar with the matter.

PayPal is launching a new logo and brand campaign to appeal to a broader audience.

Bringing a point of sale terminal to market isn't as easy as it used to be. Since the introduction of contactless and mobile payment tech, the number of tests a manufacturer must pass for certification is "unbelievable," executives at U.K.-based Spire Payments say.