Technology

Slyce pictures a day when consumers will be able to buy anything depicted in a TV or printed advertisement — or even a product seen in person — by snapping a photo of it with their mobile device.

MasterCard Inc. will stop using Goldman Sachs Group Inc. for asset-management services after discussing the matter with a firm that advises shareholders on proxy votes.

It's hard to build and maintain a false persona on social networks, and that's what makes sites like Facebook and Twitter such useful tools for controlling risk, says John Canfield, WePay's new vice president of risk management.

Airlines and payment companies have not traditionally targeted small businesses for travel rewards, but Chase Paymentech and United Airlines hope that by making business-related purchases easier to manage, small businesses will seek out airline miles programs.

The lack of a standard technology model for mobile point of sale payments is not only holding back consumer adoption, it's also affecting regulatory compliance, says Mphasis' Kumail Tyebjee.

Mobile payments provider Fortumo Ltd. landed a major European carrier-billing deal last week, less than a month after revealing a significant partnership with Microsoft for mobile payment development on Windows phones.

TSYS will provide payment processing for KeyBank's consumer credit card portfolio as part of a long-term agreement announced today.

With a data breach dispute between Visa Inc. and Nashville-based retailer Genesco Inc. heading toward a July 2014 trial, Visa lawyers are asking a federal judge to dismiss some claims in a lawsuit Genesco filed against the card brand.

DataCash, a MasterCard payments processing subsidiary, and Redecard will partner to sell electronic commerce products to merchants in Brazil.

Credit bureaus and payment companies are testing ways to use social media – say, a Facebook Inc. post about a recently purchased Corvette – to verify a person’s identity and even assess consumer creditworthiness.