Technology

Jumio Inc. has released an Android version of its Netswipe Mobile technology for accepting card payments with a phone's camera.

"We're open to partnering and playing with the existing networks, but not under the existing rule base," says Jamie Henry, senior payment director of Wal-Mart Stores Inc. "The existing rules that are in place for card-based payments are not going to be acceptable for mobile-based payments."

Heartland Payment Systems has signed a multi-year contract extension with ABM Parking Services to continue processing payments at ABM’s parking locations nationwide.

Fiserv, the third-largest provider of financial services technology on the FinTech 100 ranking, Monday announced it has acquired Open Solutions, a smaller provider of core banking software. The purchase price was $55 million, and Fiserv assumed approximately $960 million of debt.

VeriFone Systems announced Jan. 14 a suite of payment products, including an iPad mini version of its Payware Mobile card reader, a similar sleeve for the iPhone 5 and VeriFone HQ, a cloud-based system that allows retailers to monitor their terminals and manage their brands.

Finding balance in risk management is critical for financial institutions. Many have learned that tightened lending rules and a focus on collections has come at a detriment to doing business.

A German banking committee has approved an Ingenico SA payment terminal as the first to accept contactless payments in the country under a new contactless pay system called giorgo.

Retailers are looking to payments technologies to empower them to provide a more personalized shopping experience, one that improves consumer engagement at the point of sale and helps build customer loyalty, according to experts who spoke Sunday at the National Retail Federation’s annual convention in New York.

The chief executive officer of First Data Corp. is resigning, the company said Friday.

An enterprise that compiled and sold criminal record reports has agreed to settle FTC charges that it operated as a consumer reporting agency without adhering to Fair Credit Reporting Act rules.