Technology

The number of fraud victims is dramatically increasing, indicating that consumers and the payments industry as a whole have to become more vigilant in their security, new research says.

Corporate payment provider Wex is already laying the groundwork for 2015, when it plans to use the ExxonMobil fleet payments program to jump-start its efforts in the large network of European countries that comes with the new product.

American Express has revamped its Open small business credit card so that the card's rewards can change as the customer's business evolves.

Canadian Imperial Bank of Commerce has launched a mobile payment app that allows customers on the Telus phone network to make purchases at many Canadian retailers.

The number of fraud victims is dramatically increasing, indicating that consumers and the payments industry as a whole have to become more vigilant in their security, new research says.

The Federal Reserve banks signaled Feb. 4 that they are pushing ahead with their efforts to encourage the construction of a faster nationwide payment system.

In 2014 retailers will focus on reshaping their businesses on products such as merchant-led mobile wallets, which help them engage with consumers throughout the shopping experience.

African countries south of the Sahara desert represent prime markets for digital payment development because residents have few other financial services options, according to a report from McKinsey & Company.

Thing Daemon Inc.'s Fancy.com, a crowd-curated online marketplace, reportedly provided a peek at what commerce on Twitter could look like in the future.

Target Corp. will move toward EMV smartcards and chip-and-PIN technology at least six months sooner than the card networks' October 2015 timeline for the security measure, says John Mulligan, Target's chief financial officer.