Investment

As with any new technology, mobile wallets must earn the trust of the consumers and merchants who would use them. Many mobile payment apps may attempt to beef up security with password and PIN protection, but a few have had their security scrutinized very publicly.

Danish payments manager Pensio and London-based fraud prevention provider ReD have partnered to offer a fraud screening service to Pensio's merchant clients.

Total System Services has developed a product that allows consumers to control their card accounts from smartphones or computers.

Starbucks has released an update to its mobile app that's designed to enhance security following reports of vulnerabilities related to how its app stores passwords.

American Express has escaped serious harm from the recent and massive Target data breach, CFO Jeff Campbell told investors.

Starbucks is reportedly storing mobile app users' passwords in a manner that makes them accessible to a hacker with access to a user's phone, creating potential security risks that could erode consumer confidence in mobile payments.

The EMV Migration Forum has recruited a test group of merchants, retailers and issuers to begin handling EMV-chip cards in Orlando, Fla., early to spot and fix problems before the card networks' deadline of October 2015.

Identification card manufacturer Datacard Group has completed its acquisition of digital identity and information firm Entrust.

JPMorgan Chase & Co. said it replaced 2 million payment cards after the breach of consumer data at retailers including Target Corp.

Heartland Payment Systems has partnered with AJB Software Design to offer security-related technology and services.