Technology

New technology tools are emerging in the market that merchant acquirers can offer or merchants themselves can adopt to comply with Payment Card Industry data-security standards.

Chip-based fuel cards soon may replace magnetic stripe versions oil companies issue for use at European gas station stores and fuel pumps.

Some analysts may question the viability of mobile-payments applications, but MocaPay Inc. is making some changes to help them along.

Consumers’ outstanding credit card debt rose incrementally during the third quarter, while the proportion of consumers falling behind on their monthly card-account payments rose for the first time in nearly two years, according to a report TransUnion LLC released Nov. 15.

This story has been updated from its original version.

Card data security risks for online merchants or those operating payment schemes via cloud computing will get much attention next year from the Payment Card Industry Security Standards Council.

M-via Inc. has rolled out a service called Boom designed to provide immigrants with a low-cost, safe alternative to high-fee funds-transfer services, the mobile-payment network provider announced Nov. 15.

Vendors’ smart card shipments could reach 7 billion next year, up 16.7% from 6 billion this year, fueled primarily by strong smart card growth in Latin America and China, vendor trade group Eurosmart announced Nov. 15 at the Cartes & IDentification conference in Paris.

Rampant data breaches have taught consumers that it is not always wise to store payment data with a third party, but soon such behavior may become the safer way to transact.

The Central Bank of Nigeria reportedly is in talks with the Nigerian Postal Services to use of the bank’s branches as outposts to promote mobile payments.