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The Justice Department's Operation Choke Point isn't really about combatting fraud, says Jason Oxman, CEO of the Electronic Transactions Association. Federal regulators simply don't like high-risk merchants, such as payday lenders and guns dealers, he says.

eBay's two most "extraordinary events" from the first half of the year were a now-resolved conflict with activist investor Carl Icahn and a cyber-attack that created financial headwinds. It is not yet actively searching for a new PayPal president.

ProPay, a subsidiary of the processor Total System Services (TSYS), is working with ThreatMetrix to offer fraud prevention technology to its customers.

Security breaches exposing consumers' personal information are becoming larger and more frequent in New York, costing businesses more than $1.37 billion last year, the state attorney general's office said.

Trustwave is promising to stop any data hacking attempts against a client made through a Web browser, but the tradeoff is the client has to give Trustwave hands-on control of its Web security.

Apple Inc. has not joined the Faster IDentity Online Alliance and its quest for more secure online authentication, but the technology giant has played a significant role in helping develop the foundation for new standards.

Wallaby Financial has hired Scott Grimes to be senior vice president of risk and operations, a new position for Wallaby, which sells mobile and web-based payment marketing.

Like many payments executives, Martin Ferenczi believes the U.S. payments market will not meet the card network-imposed October 2015 target for migration to chip-based EMV technology.

The telco-operated Isis mobile payments initiative plans to rebrand to avoid carrying the same name as a Middle Eastern militant group referred to as "ISIS" by western journalists.

Merchants are wary of the proprietary look and feel of the process by which the card networks and issuers are adopting new security standards.