Technology

EMVCo, the EMV standard governing body has released specifications for payment tokenization, a process that it says will strengthen security on card-not-present transactions initiated by EMV-chip cards.

The payments processor TSYS has added features to its Credit Care tool to improve data access for banks and cardholders.

Mobile banking technology company Monitise is attempting to make account alerts two-way conversations, with an eye on marketing and security capabilities for payments applications.

Three months after coming to light, the massive exposure of 40 million card accounts at Target Corp. still has the payments industry and consumers talking about what should be done to prevent this happening again. In the United States, that is.

McDonald's customers throughout Sweden can now pay for their meals with their phone using Seamless' QR code-based mobile wallet, SEQR, from within the McDonald's app.

PayPal has added 15 partners to its Startup Blueprint program, expanding the network's reach to 5,000 startups.

First Data Corp. has appointed Frank Bisignano as the Atlanta-based company's chairman, adding to his role as chief executive officer.

FICO plans to release a new broad-based scoring model this summer that helps lenders analyze a consumer's credit risk with greater accuracy.

EBay has been adamant that its auction and payments businesses are best kept united, but if activist investor Carl Icahn succeeds in his mission to split off PayPal, eBay probably would not exit the payments business completely.

Chase Merchant Services has developed technology that could have helped its parent company, JPMorgan Chase, deal with the hefty task of reissuing 2 million cards in the wake of the massive Target data breach.