Technology

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.

Bank of America Corp. is negotiating with the Consumer Financial Protection Bureau to settle allegations it deceived customers in the sales of credit-card add-on products, according to two people briefed on the talks.

The Consumer Financial Protection Bureau on Wednesday published its much-anticipated list of debt collection complaints its gathered since accepting them on July 10. The grand total in the now-public database came to 5,329 complaints specifically about debt collection.

TD Bank Group and President’s Choice Financial are launching the Near Field Communication-based Ugo mobile wallet in Canada.

Total System Services Inc. has made Andrew Mathieson its group executive of relationship management, with responsibilities for marketing, risk management and business consulting services.

Mitek Systems has received another patent for its mobile bill-pay imaging technology.

Dollars in millions

Dollars in millions