Technology

JPMorgan Chase heavily markets its Sapphire Preferred card to travelers, but without an EMV chip, the Sapphire card was losing its luster for some users.

NEW YORK — Mobile wallets, often funded by linked credit union or bank accounts, are sometimes described as decoupled debit accounts in disguise-and may suffer from the same challenges decoupled debit faced.

This month, Microsoft and Sony are launching new machines with a whole new take on games, movies — and payments. And they're not the only ones applying video game strategies to the payments industry.

Corporate payments provider Wex will acquire the assets of ExxonMobil’s European commercial fleet fuel card program, called the Esso Card.

Payment processor Vantiv is partnering with mobile carrier Sprint to launch a tablet-based mobile point of sale system for merchants.

MasterCard's support of Rogers Communications Inc.'s Suretap mobile wallet makes the emerging payments landscape in Canada a little more crowded — and makes MasterCard's strategy a little more diverse.

Paul Burmester has been appointed the new CEO of telecommunications-based fraud prevention software provider ValidSoft Ltd., replacing Pat Carroll, who will serve as the company's executive chairman.

Visa's payWave contactless technology will power a new Orange Cash mobile payment system that will provide loyalty programs and coupons for consumers across France.

The Harland Financial Solutions brand is being retired effective at year-end and will be replaced by the D+H brand. Toronto-based D+H acquired Harland Financial Solutions in July, bringing to more than 6,200 the number of credit unions and banks serviced by the combined entity.

Merchants labeled high-risk often have trouble finding processors willing to work with them, but they may have better luck if they adopt a digital currency designed to prohibit chargebacks.