Investment

Schnucks Markets Inc. has agreed to a proposed settlement in a lawsuit filed on behalf of customers over the data breach that occurred at some of its stores earlier this year, affecting up to 2.4 million payment cards.

General Payment Systems will provide kiosk-based payment and tracking technology for probation needs through CSRA Probation Services, which serves about 60 state courts in Georgia.

Some of the legal woes Schnucks Markets Inc. has faced since suffering a data breach from December 2012 through March 2013 were eased this month in a St. Louis court.

MasterCard's Mobile Money Partnership Program (MMPP) has added Oberthur Technologies' MoreMagic subsidiary, a provider of financial services, security and identity management.

Virtual Piggy will deploy Kount's fraud management technology to provide payments security.

Oberthur Technologies is joining the Fast Identity Online Alliance as a member of the FIDO board of directors.

Visa Europe has secured the services of Conferma to provide its issuing banks and payments partners with technology that can provide virtual account numbers for business travel customers.

Security can be an expensive, time-consuming investment for small merchants, and most have a mindset that security hacks won't happen to them. But independent sales organizations must take an active role in protecting even the merchants that don't want to be protected.

Jumio Inc. has expanded its ID scanning technology to support Apple and Samsung's digital wallets, enabling scanned payment cards to be used within other mobile apps.

PayPal is developing a new checkout process for its mobile app, allowing users to scan a QR code or type a PIN at the point of sale to authenticate purchases made with its cloud-based mobile payment app.