David Heun

Apple Inc. has taken its time to establish a potential foothold in payments, never seeming to follow the path set by its rivals and never seeming to indicate just how close it is to the finish line.

Retailers are letting Congress know they support federal efforts to thwart cybercrime, while voicing their support of chip-based EMV smartcards combined with PIN authentication as a defense against future breaches.

Major bank and retail card issuers are lacking in key security areas, according to a new study from Javelin Strategy and Research.

Mobile shopping provider Airtag has developed a mobile wallet service for international grocery chain Distribuidora Internacional de Alimentacion SA, allowing customers to order and pay for groceries prior to pickup.

As banks are moving through the "methodical process" of reproducing new cards for customers whose data may have been compromised in the recent Target data breach, they are also studying the best security options for the future, says U.S. Bancorp CEO Richard Davis.

It's been roughly a decade since Target executives ended their attempts to convert to EMV-chip payment cards to improve security.

More commuters using Near Field Communication-enabled smartphones on Chicago's buses and elevated train system may soon be able to pay fares by tapping the phone against a reader in the station terminal.

It's been roughly a decade since Target executives ended their attempts to convert to EMV-chip payment cards to improve security. After a massive breach of magnetic-stripe card data, it seems they have changed their minds yet again.

It's been roughly a decade since Target executives ended their attempts to convert to EMV-chip payment cards to improve security. After a massive breach of magnetic-stripe card data, it seems they have changed their minds yet again.

Seeking to improve the security of digital payments by making card data tokenization operate the same way around the world, EMVCo plans to establish new standards.

It's not the first time Apple has sought a patent for payments technology on its iPhones, but an application published Jan. 16 is perhaps the most specific.

A Virginia congressman is seeking a law that would provide consumers with prepaid card fee disclosures they can easily understand. But the industry doesn't operate in a one-size-fits-all manner.

If the recent holiday shopping season is any indication, consumers may be setting aside their caution with credit card spending and are back to consuming through debt.

Ingenico SA's partnership with mobile commerce software provider Starmount will allow the terminal maker to provide U.S. merchants with information needed to complete sales in any part of their stores.

The Washington, D.C. Metro transportation system says it will test new electronic fare equipment after completing a deal with Accenture to replace older systems.

MasterCard's recent commitment to its U.S. EMV-chip card migration timeline is only one piece of the puzzle. Now, all eyes are on Visa to see if it will support or counter its rival's move.

Telefonica O2 UK Ltd. is shutting down the Near Field Communication-based mobile wallet it launched for consumers in the U.K. nearly three years ago.

The European Commission is sticking to its original Single Euro Payment Area migration deadline of next month, but is establishing a grace period of an extra six months for banks and businesses struggling to make the switch to euro payment formats.

JPMorgan Chase (JPM) is seeking a buyer for its corporate payroll, tax refund and health-savings prepaid card business.

JPMorgan Chase is seeking a buyer for its corporate payroll, tax refund and health-savings prepaid card business.