Investment

Companies like PayPal and Square reward hackers with "bug bounties" for finding and reporting vulnerabilities before they can be exploited by fraudsters, and their welcoming attitude toward the hacking community is paying off.

Even if it pushes the bank past the October 2015 deadline for EMV-chip card adoption, BMO plans to stick with its magnetic-stripe cards until each one reaches its natural expiration date.

Payment technology company ACI Worldwide has completed its $205 million purchase of the security vendor Retail Decisions Plc (ReD).

Total System Services Inc. is offering a tokenization service to secure payment card information for merchants accepting online, mobile or digital wallet payments.

Square is the latest technology company to launch a "bug bounty" program, which rewards volunteer hackers for finding security flaws and bringing them to Square's attention.

Gemalto NV, a developer of software and chips that make transactions more secure, agreed to buy data-protection company SafeNet Inc. for $890 million in cash to bolster its offerings against threats such as hacking.

NXT-ID is working with Joey Fatone, former member of the boy band N*Sync, to kick off a series of celebrity endorsements for its biometric Wocket wallet.

In the age of digital commerce, more business are using third parties to manage operations, increasing the risk to any payments data they handle, says the Payment Card Industry Security Standards Council.

P.F. Chang's has provided an update on the data breach it disclosed in June, revealing that the incident affected 33 restaurants with a specific timeframe for each location.

Authentify is unveiling an extension to its mobile device-based authentication software.