Technology

Software PIN pads can be compromised by crooks who intercept the PIN after it's typed. MagicCube attempts to position itself "in the middle" to block these hacking attempts.

Data breaches and payment hacks require not only tech measures, but crisis management. Had Equifax gotten out in front of the story, particularly during the slow news period of August, it would have earned kudos and perhaps mitigated some of the public scrutiny, writes David E. Johnson, CEO of Strategic Vision.

Sen. Elizabeth Warren, D-Mass., called for bipartisan action against Equifax during a Senate floor speech on Tuesday, criticizing the credit bureau for waiting several weeks after a massive data breach to reveal it to the public.

The Equifax breach has millions of Americans now thinking about freezing their credit to guard against identity theft. But those who act could be cutting themselves off from the nation's vast credit economy.

Alipay has worked with First Data, Verifone, Ingenico and others to connect with merchants in North America, but more as a service for Chinese travelers than a direct competitor to existing payment providers.

Normally tight-lipped about security moves, bankers tell how they are re-examining their systems for Equifax-like flaws and providing new cards, fresh accounts and reassuring advice for anxious customers.

Same-day and real-time payment products are designed for basic transfers that don't meet the more complex needs of Lyft's ride-sharing service, contends Ashwin Raj, Lyft's vice president of payments.

SBI Ripple Asia has formed a partnership with Dayli Intelligence to build a presence across Asia.

Equifax learned about a major breach of its computer systems in March — almost five months before the date it has publicly disclosed, according to three people familiar with the situation.

JPMorgan Chase is partnering with another fast-growing technology firm, this time to help business clients eradicate paper checks.