Technology
Technology
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Machine-learning fraud detection, which self-updates to adapt to fraud trends, is growing in popularity but hasn't rendered hands-on methods obsolete.
July 25 -
Visa will be counting on its bank partners to spread the message about its revamped Visa Checkout to consumers.
July 24 -
Mobile payments now account for over 15% of transactions in U.S. company-operated Starbucks stores, where the company accepts an average of six million mobile transactions every week. This is a sharp increase from a year ago.
July 24 -
Ion Bank has been using interactive teller machines, which let customers conduct video chats with tellers, for more than a year. The technology has helped some of its branches stay open for business 27 hours longer per week without overspending.
July 24 -
Visa, which just revamped its digital payment system, will introduce secure "tokens" in September to replace the 16-digit account number for online payments.
July 24 -
PayPal has expanded its mobile payment options in the Netherlands by working with Rabobank's MyOrder.
July 24 -
The Target data breach last year, which exposed the data of up to 110 million cardholders, reigns as the largest security lapse of the past 12 months. But this year has seen at least five other noteworthy cases of card data theft, all targeting retailers.
July 24 -
Facebook, which hired PayPal president David Marcus to run its Messenger business last month, has shed some light on how Marcus' expertise will play a role.
July 24 -
The Clearing House and EMVCo launched separate efforts to develop standards for tokenization, a process that replaces sensitive account data with a secure token. But now, their paths are converging.
July 24 -
Happy Belly Curbside Kitchen, which operates out of food trucks, is planning to become a sit-down restaurant within the next year and is relying on mobile point of sale technology to make the transition.
July 24 -
The credit card issuer is looking to build its campus business at a time when other banks' relationships with college and universities are facing regulatory threats.
July 23 -
Apple may have to place more emphasis on the iPad's capabilities as mobile point of sale devices to help it recover from a small but sharp decline in tablet sales.
July 23 -
ProPay, a division of the payment processor Total System Services (TSYS), will provide ControlScan's data security compliance tools to small businesses.
July 23 -
Nonbank mortgage lenders are chafing at a report from a government watchdog claiming they are less regulated than large banks and pose increased risks to Fannie Mae and Freddie Mac.
July 23 -
Zuman, a cloud-based human resource outsourcer, has partnered with BitPay to allow its business clients to pay their employees in bitcoin.
July 23 -
Nearly 80 percent of U.S. consumers responding to an online poll said they are aware that they could be using digital wallets, but not nearly as many actually do.
July 23 - PSO content
Payment providers and licensed operators need to work together to educate consumers, banks and credit card companies in order to improve the overall experience and help reverse the slow adoption of online gaming in the U.S.
July 23 -
MasterCard is planting its roots deeper into mobile commerce as a growing number of rivals try to edge it out of the market.
July 23 -
The bank's adoption of scheduling technology underscores the fact that, while branch traffic is declining, most sales of loan, deposit or investment products are still made at the branch. It's also further evidence that banks are using technology to engage with customers who are visiting branches less and less.
July 22 -
Discover Financial Services reported a rise in quarterly profits on strong growth in its loan portfolio.
July 22



