Technology

TAS Group has upgraded its card management software to allow banks to quickly design new EMV chip-based payment products and develop related programs.

Schnucks Markets Inc. has agreed to a proposed settlement in a lawsuit filed on behalf of customers over the data breach that occurred at some of its stores earlier this year, affecting up to 2.4 million payment cards.

CU Wallet has added 10 new credit union partners since the initiative's September unveiling, for a total of 25 credit unions representing 3 million members across 17 states.

Flint has raised $6 million to expand its staff and boost development of its mobile payments application.

LevelUp is launching a "connected app" technology that lets merchants tap into its mobile payment system for online commerce and a variety of other uses.

The newest member of the European Union (as of July), the Republic of Croatia is also relatively new to Near Field Communication-based mobile payments, which the nation's transit and mobile companies began publicly testing this year.

Fourty-four percent of American consumers have chosen not to sign the back of their payments cards, instead writing “see ID” or leaving it blank, according to a study sponsored by Jumio and conducted online by Harris Interactive.

As the market for prepaid cards expands and diversifies, many companies are experimenting to see what works — and in the process, they are learning that a product-based mindset could hold them back.

Mobile payments company Fortumo is adding technology that allows Chinese software developers to expand overseas.

Virtual Piggy, which offers an online alternative payment system for teens, will run a developers event for participants up to 19 years old in Los Angeles on Dec. 7.