Technology

Many times, marketing constraints can slow financial institutions' rollout of Fiserv's SpotPay card readers. Fiserv's new spotpay.com website addresses this concern without compromising the vendor's mission of offering the device almost exclusively through banks and credit unions.

After spending eight years analyzing potential fraud factors of online transactions, Iovation Inc. says it is now ready to immediately tell clients which shoppers they can trust based on the devices they use.

Loan demand by businesses and consumers remained mostly level in the fourth quarter across the country, according to a survey released by the Federal Reserve Board on Wednesday.

PayOne's lawsuit against Home Depot over its use of PayPal's point of sale payments technology is not the first legal battle PayOne has pursued with an entity tied to PayPal — and, the company says, it may not be the last.

Fraudsters are deploying a new malicious software attack that steals card data from consumers by making them believe they are providing extra authentication when shopping online, Trusteer reports.

Aggregate credit card limits fell in the fourth quarter, according to the Federal Reserve Bank of New York, while the percentage of people with at least one account in third-party collections reached a record.

BitPay, which processes payments for merchants in the decentralized digital currency Bitcoin, said Monday it recently secured capital from a group of investors that includes Ben Davenport, a software engineer at Facebook; A-Grade Investments, a venture-capital firm that includes Ashton Kutcher; and Trace Mayer, an entrepreneur and blogger.

Payments processor Elavon has formed a division, the Professional Services unit, to help merchants cut costs.

First Data is providing the technology that underpins Foursquare's recent enhancements to its deals service, which allows credit and debit card holders to link their accounts to Foursquare's social network.

A state regulatory body has issued a cease-and-desist order to Square Inc., claiming that the San Francisco-based company is handling payments in Illinois without a license in place to do so.