Data security

Neiman Marcus Group Ltd. said Jan. 10 that some unauthorized purchases may have been made with customer cards, the second retailer after Target Corp. to be struck by hackers during the important holiday season.

SmartMetric Inc. is launching a Bitcoin card protected with biometric fingerprint authentication. The card can be used as offline storage for bitcoins, but in the future it might also be used for payment.

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.

Target Corp., the second-largest U.S. discount retailer, cut its U.S. unit’s fourth-quarter forecast and said the recent security breach affected more people and more information than previously thought was taken.

PulseWallet, a biometrics payments provider, is again touting its payment and authentication device, but it must overcome a sudden emergence of competitors that is also trying to breathe life into an idea that has had spotty success in the market.

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

AJB Software Design Inc. has helped J. Crew, an American specialty retailer, integrate EMV-chip card acceptance into its stores in Canada. And with the EMV migration deadline approaching in the U.S., the middleware provider expects more business.

Despite regulatory and legal uncertainties that could affect the U.S. EMV chip-card migration, MasterCard Inc. is telling its acquiring banks and merchants that it intends to stick to its October 2015 deadline.

The Target Corp. data breach just before the holiday shopping season triggered another round of rhetoric on the merits and shortcomings of chip-based cards. But the breach's direct effect on merchant EMV plans is largely up in the air.

A computer glitch at PNC Financial last week delayed overnight processing for some customer transactions.

Alabama State Employees Credit Union has filed the first class action by a financial services company against Target Corp. over costs from the massive card security data breach.

As the impact of Target's data breach continues to widen, credit unions have been more responsive than banks when it comes to issuing new cards, according to two recent online surveys.

Family Focus FCU is helping members whose debit cards have been blocked due to the Target breach still receive 24/7 access to their money.

Google Wallet users who request the accompanying plastic card can activate that card through the wallet's mobile app, a process that will become increasingly common as mobile payments advance, experts say.

The payments industry is full of big ideas that haven't always found the right audience. As we enter 2014, a few trends are bringing new relevance to some older technologies.

Target Corp. said data related to shoppers' personal identification numbers was stolen during the recent breach of its debit and credit card system and that it's "confident" customers' accounts haven't been compromised because the information was encrypted.

Intuit's Mint.com, a personal financial management website that aggregates transaction data from multiple accounts, is scanning its data to identify and alert possible victims of the massive Target Corp. data breach.

Golden 1 Credit Union reported that approximately 67,000 members were affected by the massive Target Corp. card data breach. The credit union will replace all of their debit and credit cards.

Target Corp. faces almost two dozen lawsuits filed by customers after a computer security breach exposed data on 40 million debit and credit cards.

Don't let Target's breach of 40 million payment cards overshadow a much scarier incident at Adobe in recent months.