David Heun

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.