Technology

With a community-based state charter, Veridian Credit Union isn’t supposed to have members outside its market in Iowa. And yet the credit union has been handling funds nationwide for the alternative payment company Dwolla since 2009.

Encore Capital Group Inc., a San Diego-based debt buyer, reported the successful closing of a $575 million credit facility.

It may not qualify yet as a combination of QuickBooks and mobile payments such as Intuit Inc. offers, but Braintree figures it is on the right path in working with an accounting services provider for online merchants.

Before superstorm Sandy left many without access to physical branches and ATMs, a bombardment of cyberattacks left many without virtual access — and unlike the storm, these cyberattacks are not going away.

Lemon is working with BillGuard, which provides a transaction monitoring service, to boost its mobile wallet's security and perhaps also boost the wallet's appeal among consumers.

Mobile commerce could move onto a fast, or at least faster, track if Inside Secure has solved the problem of limited access to the secure element in a mobile phone handset.

Issuers and merchants have heard the card brands’ pitch that without EMV smart card adoption in the U.S., fraudsters will flock to this country because it will become a weak link in the data security chain.

The storm left many without electricity, phones and use of the roads. But in many of the affected areas, consumers and merchants continued to conduct business and found a way to handle payments.

NXP Semiconductors has developed a touch sensor that could combat thieves using a mobile scanner to attempt to steal account details from contactless payment cards.

Though Heartland Payment Systems claims its “Durbin Dollars” debit-pricing campaign contributed to its most profitable quarter ever, the processor is also encountering the limitations of that model at a time when many new technologies threaten to disrupt the way the payments industry does business.