Technology

Microsoft's Larry Hryb, known to gamers as Major Nelson, recently posted a six-second video demonstrating how the company's new Xbox console redeems codes for games and subscription services. It's six seconds that many in the payments industry should watch.

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.

German carrier E-Plus Gruppe plans to give Near Field Communication payments a boost with a mobile wallet that also uses QR codes for redeeming loyalty points and discount vouchers.

Vendors need to make their products easy to modernize and integrate, says Inder Koul, who runs IT at First Niagara.

Continuing its international expansion through partnerships, U.S.-based EVO Payments International LLC has acquired a controlling interest in Polish financial institution PKO Bank Polski's merchant acquiring arm.

The Twitter initial public offering culminated with the ringing of the New York Stock Exchange's opening bell Thursday, the social media site becoming a public company valued at more than $14 billion. But Twitter co-founder Jack Dorsey isn't done with Wall Street yet, as he's reportedly begun exploring an IPO for Square, the mobile payments startup he co-founded in 2009.

Harbortouch has released its Perkwave integrated point of sale terminal with EMV-chip and Near Field Communication capabilities.

Merchants and payment vendors who never change the default password in sensitive systems are getting fresh attention from the Payment Card Industry Security Standards Council.

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

Decoupled debit cards, which enable payments from a checking account at a separate bank, are getting a lift from gas stations — but the product is also under fire from new products, including mobile wallets.