Technology

Virtual Piggy, which provides an online youth payment system, now offers digital gift cards on its website through a deal with the prepaid card company InComm.

Fifth Third in Cincinnati is selling $85 million worth of shares of the processor Vantiv, its former subsidiary.

Western Union has partnered with electronic payment processor eTranzact to offer mobile money transfers in Nigeria.

VeriFone Systems Inc. will soon bundle payments hardware, software, security and compliance into a payments-as-a-service product called VeriFone Point.

A group of technology companies is working to build digital currencies into Web browsers, a move that could help payment methods such as Bitcoin thrive.

PayPal is sponsoring a hackathon series where mobile app developers have just 24 hours to build an app that will win them a trip to PayPal headquarters to compete for $100,000 at the Battle Hack World Finals.

Apple Inc.'s acquisition of a small semiconductor company has given fresh credibility to rumors that the technology giant is planning a 'smart watch' that could perform contactless payments.

London-based Zapp has hired a former Barclays executive experienced in mobile payments to help prepare for its first product launch in early 2014.

Despite the warnings, cell phones are safe to use at gas pumps — and ExxonMobil Corp. aims to prove this in testing a mobile payment app for smartphone users in Nashville, Tenn.

A symbiotic relationship between security and revenue may sound too good to be true, but it's not. ISOs and acquirers can succeed by creating opportunities that pair enhanced PCI compliance tools with new revenue streams.