Technology

Square Inc. co-founder Jack Dorsey remains confident in the payments startup’s future despite mounting frustration among some early customers over delays in the processing service and the revelation last week of a further lag in availability.

KT Corp. expects soon to buy a stake in Korean credit card issuer BC Card Co., Korea’s second-largest mobile carrier announced June 16.

PayPal Inc. is beginning its second contest to encourage third-party software developers to create applications that tie into its payment system.

Mobile payments have yet to take off domestically, but NACHA is positioning the automated clearing house network to play a prominent role, if and when they do.

The outcome of a recent simulated cyberattack against financial-services companies, government organizations, retailers and payment processors illustrates the need for a concerted effort to spurn would-be attackers.

North American Bancard LLC took a big step into the government and utility-payments markets with its purchase earlier this week of Point and Pay, a Haines City, Fla.-based recurring-billing company.

First Data Corp. said Thursday that The Bankers Bank of Oklahoma City will use its Internet banking technology.

First Federal Savings Bank is doing something different from other banks that issue contactless payment stickers. It's doing something pink.

Jeff Peiffer was so frustrated that his bank didn't offer an app for his phone that he made one himself, put it online — and watched it become one of the top finance downloads for Android handsets.

(This story was corrected and updated on 6/21/10 a 9 a.m. CDT)