Technology

Microsoft Corp. and American Express Co. are vying to take an equity stake in Foursquare Labs Inc., according to people with knowledge of the discussions.

U.S. merchants are in for a rude awakening if they do not prepare for the spike in e-commerce fraud that will likely follow the shift to EMV-chip cards at the point of sale.

It’s easier to sell a person something he wants than to scare him into buying protection from something he wants to avoid. That’s particularly applicable when it comes to selling payments security.

A European EMV migration technology provider plans to make itself known to more U.S. payments companies.

Any new payments technology is a gamble, and many major retailers refuse to take a risk on untested technology. But small merchants are usually more willing to experiment, and a few have bravely given new payments products their first big chance.

The terminal swapouts that accompany the EMV chip-card migration in the U.S. should help VeriFone recover from its performance slump, according to Northcoast Research.

A new Jack Henry program can speed EMV-chip card migration for card issuers by up to a year — but only for credit cards, since ongoing legal issues hamper the use of EMV for debit cards.

The St. Louis-based grocery chain Schnucks Markets Inc. continues to face legal woes, four months after disclosing that up to 2.4 million credit and debit card numbers were exposed in a data breach initiated last December.

Online lender Western Sky Financial will stop funding loans on Sept. 3 amid rising legal battles with authorities in several states.

MasterCard, C-SAM and DNP are preparing to launch a white label mobile wallet service in Japan.