Technology

TSYS' net income rose in the second quarter by 24.4%, to $68 million, from a year earlier as it prepares for a strong pipeline of new accounts.

Mobile wallet rivals will need to put their differences aside and work together to get the technology off the ground, a recent paper says.

The Education Department and the Consumer Financial Protection Bureau (CFPB) want Congress to make it easier for people to discharge a portion of student debt by filing for bankruptcy protection.

U.S. Bancorp has begun offering corporate clients the ability to use virtual account numbers to handle travel expenses.

Bank of America began offering EMV chip technology for many of its consumer credit cards. It already offers chip-based cards to corporate and commercial customers in the U.S. and Europe.

Last year, Citi began processing check and automated clearing house transactions in order from the lowest dollar amount to the highest, a move that minimizes the potential for overdrafts. Today, it wants to make sure consumers — and perhaps regulators — haven't forgotten.

More cities may be losing their willingness to pay debt obligations, according to Moody’s Investors Service, citing the recent bankruptcies of both Stockton and San Bernardino in California as the latest examples.

Many high-tech approaches to payments are short-lived. A lucky few get a second chance to disrupt the market.

Security and compliance are still daunting issues for merchants. Phoenix Managed Networks hopes to ease this pain by offering its network security product to "hundreds of thousands" of merchants through a new partnership with Sysnet Global Solutions.

Developing a mobile wallet for consumers is one thing. Getting those consumers interested and educated about how the wallet works and why they should use phones for payments is an entirely different matter.