David Heun

To thwart fraud attempts at the earliest stage of a transaction, Turkish Airlines is linking its website to fraud monitoring services from Visa's CyberSource.

With growing country risk, a single European payment system becomes less appealing.

The payment processor Planet Payment Inc. is delaying the release of its financial results for the first half of 2011 as it considers a change in the way it will report future revenue.

Commercial banks with large corporate clients have no room for error in guarding against attacks. Any crack in a bank's security can make it look like it has no security at all.

Card association will allow European Visa cardholders to send money to each other by phone.

Customer credit card data was not endangered during last week's security breach of a small portion of websites hosted by GoDaddy.com Inc., a company executive says.

The GoDaddy.com website makes no mention of the data breach that hit the Web hosting provider, but a picture is coming together on how 445 of its hosting merchant accounts were affected.

When looking for fraud, merchants and card issuers typically see only their half of a customer interaction, and getting useful data can be like listening to one half of a phone call. A London payment processor seeks to change this by giving both players the full conversation.

If a merchant plans to use advanced data encryption as a credit card data security measure, the Payment Card Industry Security Standards Council now has some guidelines for how best to go about it.

Merchant terminal maker just finished third quarter of 20%+ revenue gains.

Airlines are investing in technology improve security in an area TSA checkpoints don't cover: credit card fraud.

Merchants frustrated with the complexities of their monthly credit card transaction statements ought to consider having an analyst review them to avoid overcharges, a payments processor executive says.

A move toward EMV in the U.S. has not dissuaded the European startup from offering an iPad-compatible mobile card reader in the States that will accept magnetic stripe cards for payment.

ATM makers will have to start building chip-card acceptance into their machines soon, even though they are not one of the groups Visa targeted in its incentive plan for chip-card conversion in the U.S.

Paying for fruits or vegetables with a wooden token might seem like a throwback to Colonial America, but in some cases it is proving more practical than modern electronic payments systems.

The Payment Card Industry Security Standards Council has issued guidelines to clear up confusion around tokenization, a process for obscuring sensitive payment card data.

Many merchants may still validate their compliance against the Payment Card Industry data security standard even though Visa has promised to waive that requirement for merchants that accept chip cards, the PCI council says.

Instead of dipping its toe into the mobile-payments pool, Heartland Payment Systems Inc. intends to make a splash with an application and a card reader that attaches to a smart phone like Square's or VeriFone's payWare Mobile readers.

Increases in debit-network fees and favorable changes in foreign currency fueled a 5.4% increase in second-quarter revenue for First Data Corp., to $2.75 billion from $2.61 billion a year ago, the company reported Aug. 3.