Technology

Klarna raised 90 million euros to finance its acquisition of Sofort through fundraising led by Klarna's founders and existing investors, including Sequoia Capital, General Atlantic and Atomico.

China's central bank blocked plans by Tencent Holdings Ltd. and an affiliate of Alibaba Group Holding Ltd. to offer virtual credit cards as the government moves to tighten restrictions on online financial products.

Some of the toughest types of payments fraud to combat aren't from an overseas hackers den but from everyday people misusing their own accounts or those of a relative, says Rick Lynch, Verifi's senior vice president of business development.

Credit Card penalties—like over-limit and late fees—are constitutional and do not violate consumers' due process rights, the Ninth Circuit U.S. Court of Appeals recently ruled.

Webster Bank's use of advanced alerting allows it to receive valuable, real-time feedback from its customers about how they prefer to make payments, says Greg Jacobi, senior vice president of distribution and customer experience for Webster Bank.

There's a new Bitcoin wallet and vault provider in town, Xapo, launched by payments veteran Wences Casares with $20 million in funding from investors.

Online commercial payments service provider Payza says it will provide credit and debit payment services to European Union merchants, with plans to expand to more countries throughout the world.

Fiserv, which operates the Accel debit network, spent two years evaluating the best way to route EMV debit transactions in compliance with federal mandates – but it abstained from working with the Debit Network Alliance, which is committed to the same cause.

Brazilian mobile app marketplace developer Bemobi is working with local carriers to handle payments from consumers who don't use or have access to credit cards.

Micros, an international provider of checkout systems, is integrating Yapital Financial AG's cross-channel payment technology into its Micros POS systems.