David Heun

Eastern Europe is well-known as a major source of cyber-attacks, but a prominent recent breach raises the question: is it also a major victim?

VeriFone has defied the headlines decrying gloom over the European debt crisis by enjoying continued growth in the region while continuing to expand payment-terminal installations rapidly in Latin America.

A new watch model available in the U.K. allows users to make contactless payments with a flick of the wrist. In time, it may come to the U.S.

Seamless Distribution AB said it believes it has developed a mobile payment method that replaces the need to shop with credit and debit cards, thus saving money for merchants who no longer would have to pay card-related fees.

Casio plans to make available in February a handheld payment terminal designed for public employees who need to take card payments and provide printed receipts.

System to use barcodes to draw payments directly from customers' bank accounts.

Attention-to-detail skills have become an even more prominent part of a job description for a merchant acquirer or independent sales organization dealing with the most recent demands of a complex payments industry.

Retail shoppers who download a Shopkick Inc. mobile application on their smartphones to earn rewards points, or "kicks," may earn extra points by paying for purchases with a Visa-branded card.

Acquirers and processors are giving greater attention to the hardware-security module used to protect card data while transactions are processed.

Card data security risks for online merchants or those operating payment schemes via cloud computing will get much attention next year from the Payment Card Industry Security Standards Council.

Banks should promote NFC as a standard at the retail level because it represents their best chance to maintain relationships with merchants and provide payment credentials to consumers, Zil Bareisis, a senior analyst for Celent, writes.

M&T Bank has developed an anti-skimming device, appropriately called the Blocker, to prevent card theft at its ATMs by making fraudsters' tampering blatantly obvious.

Citing steady international growth and earnings from increased debit network fees, First Data delivered a 3.8% increase in third-quarter consolidated revenue.

VeriFone is continuing its push into the retail mobile-payment market by acquiring Global Bay Mobile Technologies, a private mobile retail software provider, the payment-terminal maker announced Tuesday.

In interviews with 32 North American financial institutions, Aite Group analysts find they struggle to balance online banking fraud prevention effectiveness with intrusiveness.

An increase in transaction volume and new accounts fueled a small increase in third-quarter revenue for TSYS, the company announced Tuesday.

Tagattitude's TagPay uses sound waves to securely transmit payment information without the need for a near-field communication chip. The French company's sound-based system generates dynamic data that is unique to each transaction.

Any card-acceptance device can be tested and approved for eligibility to use advanced encryption under an update to the PIN Transaction Security program — even if those devices do not accept PIN transactions.

With e-commerce becoming a bigger target for payment data theft, Global Payments is adding another set of fraud-detection tools to help its merchant clients fight back.

NCR Corp. has signed a deal with PayPal Inc. that will allow consumers to make person-to-person payments through ATMs.