Technology

Discover Financial Services is facing a new lawsuit over the marketing of its payment protection and other fee-based credit card products — this time from one of its own shareholders.

ID Tech, a supplier of point-of-sale devices, has agreed to begin outfitting its SecureMag readers with TransArmor data encryption and tokenization from First Data.

It didn't take long for Jumio to release a new version of its Netswipe mobile software-development kit.

Norwegian banking group SpareBank 1 Gruppen will license Total System Services Inc.'s Prime 4 card-management system to support its issuance and issuer-processing activities under a deal the two companies announced.

Sionic Mobile, an Atlanta-based start-up that in June launched a mobile merchant-loyalty initiative in that city, is providing extra reward points to consumers to get them to use a Dwolla account for their spending.

Pundits often criticize prepaid card providers for having high monthly fees, but the real market pressure is on the fees charged for ATM access. As it turns out, prepaid card users very much want to keep using cash — but they don't want to pay to get it.

Hackers seeking cardholder data most often find openings in a small merchant's payments network because of something a third-party vendor did or did not do when installing payment applications.

As more consumers try out Fiserv's person-to-person payment service, Popmoney, the tool is evolving to become as much a social tool as a payments one.

Merchant processor Global Payments expects to grow its direct presence in the health care market by agreeing to acquire Accelerated Payment Technologies.

The worst drought to hit the Midwest in more than 20 years is forcing bankers to make tough calls on how to handle delinquent agricultural loans.