In just under six months, a behind-the-scenes switch in the payments industry will change the way U.S. consumers shop and could bring wider acceptance for Apple Pay and its competitors.
Hewlett-Packard lowers outlook as struggles continue ... Visa tech could prep Europe for Apple Pay ... Gemalto says encryption keys are safe ... and more tech news
Visa Europe is rolling out the security technology that Apple Pay uses to process payments, raising the question of whether the Apple mobile payment system will cross the pond in the coming months.
Chip-and-PIN payment cards have a strong supporter in the hotbed of payment technologies, with San Francisco's district attorney promoting the new technology as a way to cut down on fraud.
Visa's contactless payment cards will approve very large transactions in currencies other than the British pound due to a flaw in a protocol, U.K. researchers contend.
Visa and NeuStar have joined forces and formed an alliance that it hopes will help accelerate the adoption of mobile financial services globally, they said on Tuesday.
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