Technology

Two payments technology veterans are working on a mobile wallet that would not require changes to the hardware and software at the point of sale.

Xoom will give customers who send a digital online money transfer to the Philippines during the month of May a $50 Amazon.com gift card as part of a Mother's Day promotion.

Discover Financial Services and Network International, a Middle Eastern payment provider, have formed a strategic alliance to allow cross border card acceptance.

Mortgages at least 30 days delinquent or in some stage of foreclosure fell to 5 million in March, down from a peak of 7.7 million in January 2010, according to Lender Processing Services.

Ed Labry, who served as First Data's interim CEO before the payments processor chose Frank Bisignano for the top job on April 28, has been named vice chairman.

New York livery car groups won a bid to block a pilot program that would enable people to hail and pay for rides in one of the city’s 13,000 yellow taxis using location-based smartphone applications.

PageOnce is changing its name to Check, a rebranding that signals the mobile financial management company's new focus on payments.

Tradehill is relaunching its virtual currency trading system after it shut down an earlier version of its offering last year amid regulatory disputes and a legal fight with online payment company Dwolla.

MasterCard does not plan to mimic Visa's recent move to develop a private-label processing network for banks like JPMorgan Chase, but CEO Ajay Banga acknowledges that if more institutions pursue the strategy, the card network will have to consider it.

Canada is presenting many opportunities to the payments companies operating within its borders and in the U.S. Here are some of the most recent examples.