Technology

Core Innovation Capital, the investment partner of the Center for Financial Services Innovation (CFSI), has made an investment in Wipit Inc., a mobile payments company focused on unbanked consumers.

HealthcarePays (HCP), a member-owned payment network, has partnered with technology developer StoneEagle to sell an electronic payments system.

DoubleBeam is using electronic checks in its mobile payment system to cut merchants' costs on interchange.

Bank technology vendor Yodlee has a new mobile and Web app called Tandem that allows consumers to manage their personal relationships and the financial obligations that go along with those relationships.

As more financial institutions and other companies turn to cloud-based services to maintain customer contact centers, Echopass Corp. says it has strengthened its position to assure data handled in those centers remains secure.

The Societe de transport de Montreal (STM) is testing a loyalty program that ties user preferences and special offers to transit payment cards, a move that's also designed to shift rider volume from peak times.

MasterCard Inc. and a major wireless carrier in the Netherlands will join three Dutch banks in reviving a Near Field Communication-based mobile payment test that was nearly three years in the making.

PayWith's digital wallet can allow any merchant that accepts MasterCard to also accept mobile payments without buying new hardware.

The 12 Federal Reserve district banks warned of mounting threats to the U.S. payment system such as fraud, and called for streamlining transactions from the point of payment to the point of receipt.

U.S. Bancorp has added Visa's share to its own in the supply chain processing network joint venture, Syncada.