Merchant

The terminal and ATM maker, which is making a number of changes to its business, expecs the plant will be phased out by the end of the third quarter.

The traditonal method of scoring merchants based on risk may not work when the attack uses low risk merchants to hide illegal transactions.

A new joint venture with Gas Station TV will help Verifone Systems Inc. expand its services in the coming year, providing more exposure for the terminal manufacturer's merchant clients and a stronger media service for its petroleum clients. In addition, Verifone will expand its role as a software provider.

The steady march of smartphone technology makes mobile wallet adoption seem inevitable, but consumers still need convincing.

American Express Co. is looking to weed out customers who jump from credit card to credit card just for the sign-on bonus.

The company also seems to be shifting the narrative to operational performance after addressing claims of questionable insider dealings.

Credit unions and financial institutions are required to take steps to protect against cyberattacks, but small businesses that process payments are not doing enough to protect the security of the financial system, a credit union executive said Wednesday.

Wells Fargo community banking head Mary Mack is seeking three new deputies and shaking up regional leadership of the division she inherited after a bogus-account scandal.

The app economy has grown big enough now that many of the early rules no longer apply.

Verifone is checking into a breach of its computer network, reports security blogger Brian Krebs.