Technology

The PCI council continues to expand its reach, with the intent of remaining a strong guide for data security well into the future.

Building on a new mobile payment gateway that MasterCard developed for Egypt, an Egyptian bank last week launched the Phone Cash mobile wallet for consumers.

First Data has signed an extension of its merchant services partnership with Provident Bank, a $7.3 billion-asset bank that services central and northern New Jersey.

General Payments Systems has developed a software and hardware system that will allow its government agency clients to automate the collection of payments by check.

Alan Reiner, 30, thought he wouldn't find any career more interesting than missile defense simulations, but the self-described nerd left physics recently to work full-time on an ultra-secure Bitcoin wallet, Armory.

The various stakeholders in the U.S. payments system may need to put their differences aside to stay relevant as technology advances. But whether wide-scale collaboration is practical — or even possible — is open to debate.

The Digital Media Zone at Ryerson University is home to many startups that hope to someday be as successful and famous as Square or LevelUp.

eBay's $800 million purchase of Braintree is the latest in a series of acquisitions that are steadily building PayPal into a powerhouse in mobile payments. Most of these acquisitions took place within the past two years.

Terrorists have put a bulls-eye on the U.S. financial system, including payments infrastructure, as a target that fits in with their plans to cripple the country's economy, says Juan C. Zarate, senior adviser for the Center for Strategic and International Studies.

The assault on cash in India will continue through a new wallet offering from Mobikwik.