Technology

California’s legislature has voted to reform a money-transmission law that has come under fire for stymying payments innovation.

ZooZ, a provider of mobile payments technology is launching a checkout system based on HTML5, the latest version of the HTML markup language used in desktop and mobile websites.

Citi has completed its purchase of electronics retail giant Best Buy's U.S. credit card portfolio from Capital One.

MasterCard processing subsidiary DataCash will integrate with TV App Agency’s TV App Engine to enable electronics makers and app developers to accept payments through specially equipped televisions.

Loan losses plaguing Craftsman Credit Union of Detroit prompted the Michigan Department of Insurance and Financial Services to liquidate the credit union on Friday.

Since its founding six years ago, Braintree has grown its annual processing volume to $10 billion a year — including more than $2 billion from mobile transactions — which could make the Chicago-based payments processor an attractive addition to a number of companies.

Consumers in Spain will be able to make mobile payments using Vodafone SmartPass, a Near Field Communication-enabled mobile wallet, in partnership with Visa.

The Hailo taxi e-hail app has integrated VeriFone's application programming interface to enable passengers to electronically hail and pay for taxi trips with their smartphones, a combined service that’s expected to be available the week of Sept. 9.

PayPal launched a revamped mobile app on Sept. 5 that includes some new features, as well as a new look and feel for existing functions. How does the new app stack up against its predecessor?

Giesecke & Devrient says it has given Near Field Communication payments a significant boost by developing a SIM card on which several NFC applications can operate simultaneously.