Technology

With increasing numbers of alternative providers gaining licenses to provide payment services aimed specifically at businesses, Beck predicts the pressure on the banks to offer faster and cheaper services is going to substantially increase.

Only the collective efforts of cardholders, issuers, merchants and acquirers will significantly impact payment fraud, writes Stephanie Ericksen, vice president of identity and risk products for Visa.

Banks will need to evolve further and faster to reach consumers in an interconnected, always online world, according to industry leaders.

That’s the question executives of publicly traded banks are asking themselves as they try to make sense of new — and somewhat vague — guidance from the SEC on procedures for disclosing data breaches.

TSYS has purchased iMobile3, a maker of private-label payment solutions for small businesses, to beef up merchants' capabilities through the point of sale.

While the 'buy button' is designed to benefit merchants, issuers and the card networks alike, merchants may not be willing to risk any tradeoff in their access to customer data.

Consumers using Paysafe's prepaid cards can now make online purchases in the Google Play store as part of a partnership with Google.

Retailer associations and debit network providers have formed the Secure Payments Partnership, designed to address the ongoing problem of payment fraud.

The bank’s joint initiative with CFSI awards capital to firms trying to address issues that the startup teams personally experienced.

Comdata has been processing corporate payments for almost 50 years, paying truck drivers through a proprietary fuel card network. But its next chapter could be its toughest.