Technology

Fidor Bank AG, of Munich, has agreed to help Bitcoin Deutschland GmbH, an exchange operator, to speed trading of bitcoins and comply with regulatory requirements.

The Merchant Customer Exchange (MCX), a mobile payments initiative created by major retailers, will use technology from FIS to speed processing and provide access to accounts at a large range of financial institutions.

Lenders started the foreclosure process on 57,286 homes in June, the lowest mark for any month in nearly eight years and a sign the nation has moved far beyond the housing bust, according to RealtyTrac Inc., a national foreclosure listing firm.

The payment processor Global Payments Inc. will offer its U.S. merchant customers an iPad point of sale system from ShopKeep POS.

The next big idea for payments is ready to spring to life, and MasterCard wants to be there when it happens.

As EMV-chip card use spreads at the point of sale in the U.S., online merchants will have to change the way they handle payments online.

The prepaid card market must undergo significant consolidation in the future because more prepaid card processors exist than are needed to serve the prepaid issuers and program managers in the U.S., new Aite Group research finds.

Mobile transaction technology provider C-Sam has hired former Citigroup executive Kurt Weiss as managing director of global financial institutions and mPayy founder Conrad Sheehan to be general manager of strategic initiatives.

Merchant payment and marketing company Punchey has hired Michael Sattler to be vice president of engineering and Rick Graham as director of demand generation.

The major card brands have certified payment processor Total System Services Inc. for EMV chip-card processing.