Technology

PIN-debit payments initiated online slowly, but steadily, are gaining traction in the marketplace as several companies have introduced products intended to bring more security to online transactions.

With sponsorship from Citigroup Inc., Billing Revolution Inc. is trying to help convert people who window-shop on their mobile phones into paying customers.

Electronic Payment Systems LLC, a Denver-based independent sales organization, says a federal judge has ruled that it owns a toll-free number now used by approximately 515,000 merchants processing with TSYS Acquiring Solutions.

Starbucks Corp. now includes PayPal Inc.’s payment system as a funding method for its mobile payment application.

Blackboard Inc. and PE Systems LLC have formed a partnership to help colleges and universities seeks ways to reduce their costs to accept credit and debit card payments, Washington, D.C.-based Blackboard announced Nov. 15.

Several cases of credit card fraud in the United Arab Emirates have resulted in losses of more than 200,000 dirham (US$54,443 or 39,000 euros), a top police official in the country told a local newspaper recently.

The Federal Reserve's forthcoming regulations on debit interchange may settle a long-running debate over whether fraud costs and risks are high enough to justify banks' current fees.

Scotiabank and the Royal Bank of Canada will be the first Canadian banks to issue the Interac Association’s new contactless EMV chip-and-PIN cards, Interac announced Nov. 16.

Global Payments Inc. on Nov. 18 announced a joint venture with Spain-based bank La Caixa, adding access to more than 150,000 merchants in Spain for the Atlanta-based payment processor.

Chinese banks will replace magnetic stripe cards with smart cards by 2015, according to an official from China UnionPay.