Payment processing

The financial industry is making payments better, more efficient, simpler—and faster.

The merchants and issuers invested in Apple Pay must maintain a strong emphasis on employee education — especially if the stakeholders want Apple's mobile wallet to avoid the fate of the many previous payment technologies that sought to displace plastic cards.

VeriFone is planning to test taxi technology that links payments, marketing and special offers delivered to riders.

A future where consumers make payments with wearable devices is not far off, especially in Spain where CaixaBank is working with Gemalto to launch a contactless EMV payment wristband.

GoDaddy Operating Co. Llc has made a series of payments technology deals that are designed to give merchants an incentive to remain with the online domain name registrar.

London-based technology company Birdback is bringing its card-linking platform to the U.S., where card-linked offers have been gaining momentum for several years.

As Federal Reserve Bank leaders continue to study the business case and complexities of establishing a faster U.S. payments system, FIS contends its past experience in other countries makes its technology the right fit for the initiative.

Square's diversification strategy has landed in coffee shops, as the company has upgraded an application that uses location-sensing technology to more closely match pre-order preparation with consumer arrival.

Pinnacle Corp. has partnered with Sionic Mobile to bring two emerging payments technology trends—beacon-aided transactions and tokenization—to thousands of Pinnacle's fuel retailers.

Does the following thought process sound familiar? “The faster I can install this new point of sale (POS) system for this merchant, the better.” With POS systems, faster isn’t always better.

Square has launched a feature called "Nearby Payments" to Square Cash for iOS 8, allowing users to send money through Bluetooth Low Energy (BLE).

Chase is working with Apple to vet potential developers and merchants after more than 500 people attended and responded to Chase's two live webinars about its three Apple Pay developer labs in Columbus, Ohio, Tampa, Fla., and San Francisco, Calif.

Mobile payment provider Powa is partnering with DataCap Systems to shorten the time it takes merchants to deploy mobile point of sale applications, a move the companies hope will provide differentiation in a crowded marketplace.

Installment payment provider Klarna will share technology with e-commerce technology company Digital River as part of Klarna’s stategy to extend services to the U.S. and other markets.

Square Inc. has closed its $150 million Series E funding round, putting the payments technology company at a $6 billion valuation, according to a New York Times blog.

Banking and payment technology provider a FIS has completed its acquisition of payment processor Clear2Pay, a transaction it started early last month.

The recent exploit of Signature Systems terminals, used by Jimmy John's restaurants and other clients, shows that the point of sale is still a key target for hackers. And the addition of EMV-chip technology won't scare them off.

First Data made four executive appointments as part of its diversification beyond payments processing to include a broader set of merchant services. Its updated lineup, announced Oct. 1, creates new roles for Barry McCarthy, Andrew Gelb, Sanjiv Das and Adam Rosman.

Global Payments Inc. now calls its integrated solutions division OpenEdge.

Bank of America plans to issue chip-based debit cards to customers next month, signaling a resolution of the long-standing issues plaguing EMV debit card issuance in the U.S.