Technology

Taiwan's Financial Supervisory Commission is barring Bitcoin ATMs because the country's regulatory body views Bitcoin as a false currency that should not be used by people or banks for payments.

Consumers demand far more flexibility from their card reward programs — and some banks are getting creative about delivering it.

Union First Market Bankshares has made an equity investment in The Payments Company, which offers a software-based business payments service.

Canadian debit and credit card processor Moneris will use countertop devices from VeriFone that are designed to accept and secure a variety of electronic payments.

A computer glitch at PNC Financial last week delayed overnight processing for some customer transactions.

Mobile payments company I Love Velvet plans to win the business of international merchants by combining its mobile point of sale offering with broader e-commerce and security compliance tools.

One of the newest location-based payment apps came out of Brett Neese's house on a Friday night.

Cloud-based wallets, QR code wallets and other software-based wallets seem to be shoving Near Field Communication hardware out of the spotlight. But reports of the death of NFC, which enables contactless payments from many mobile devices, have been greatly exaggerated.

Following the lead of other retailers, the National Retail Federation filed an appeal Jan. 2 of a U.S. District Court ruling to approve the years-long class action against the card brands that resulted in a $5.7 billion swipe-fee settlement.

Sandra Braunstein, the director of the Federal Reserve Board's division of consumer and community affairs, plans to retire on April 1, the agency announced Jan. 3.