Technology

Payleven is launching a new chip and PIN card reader that's capable of accepting Near Field Communication contactless payments, with the aim of cutting costs for European merchants.

The recent security breaches at Nieman Marcus and Target remind us in the payments industry that as criminal efforts to steal cardholder data become more sophisticated, so must the methods we use to prevent these crimes.

TSYS Merchant Solutions, a unit of the payment processor TSYS, is working with Navy Federal Credit Union to offer members of the lender's merchant network the ability to accept credit and debit cards.

Global payments provider Payoneer will handle Google's "insurance" payments to consumers as part of the Google Trusted Stores program.

Wine may improve with age, but point of sale technology does not. Years ago, when ShopKeep POS founder Jason Richelson operated the Green Grape wine store in Fort Greene, Brooklyn, he struggled so often with archaic point of sale systems that it motivated him to develop his own alternative.

The corporate payment provider Wex has elected Eric Duprat to its board of directors.

Burger King Worldwide Inc. is introducing an application that will allow customers to pay for Whoppers with their smartphones as it races rivals to woo younger diners.

Acculynk will provide its payments processing gateway, PayLeap, to customers of cloud-based global e-commerce provider Ecwid.

Some of the nation's biggest banks killed a proposal in 2012 that would have enabled electronic payments to be processed on the same day they're initiated. Now the industry group that championed that plan, Nacha, is reviving its effort to speed up payments across the network that connects every U.S. bank and credit union.

Riders on Chicago Transit Authority buses and elevated trains will make all payments with the Ventra transportation card starting July 1, the CTA announced this week.