Apple is fighting with four of the largest banks in Australia over its transactions fees, as it tries to break into the country’s payment market.

Fingerprint scanners have become one of the most popular new features within smartphones, but security experts warn that a lack of security within certain devices could lead to consumers losing financial and personal details.

Apple has joined the likes of Google, MasterCard and Visa by becoming a top-tier sponsor member of the NFC Forum, a non-profit industry association that promotes the use of Near Field Communication (NFC) technology.

Total System Services (TSYS) has appointed Patricia A. Watson as its new chief information officer (CIO). Watson has over 17 years’ experience within the financial services industry, including her time as head of Bank of America’s payment division.

Harborly, a North American bitcoin exchange has shut down little over a year since its inception, with the firm failing to find a new investor, according to a company announcement.

The ATM Industry Association (ATMIA) has found that cash is still the most popular way to pay for items in the US, with mobile payments failing to make a significant impact within the in-store retail industry.