Technology

Rising fraud rates in mobile channels have spawned a bumper crop of new tools to battle crime, but merchants appear to lack consensus on which ones are most effective.

Purchasing VocaLink has cost Mastercard more than $900 million and some regulatory headaches, but the investment has to potential to spark new payment products and facilitate the card brand's pursuit of faster processing.

Companies planning to raise money by selling electronic tokens for cryptocurrencies said they won't be put off by SEC warning of regulation; soaring costs trigger exodus from traditional coastal financial hubs.

Wirecard has released a flurry of products in recent months as it builds a global footprint, and its most recent effort focuses on risk management for small businesses that want to sell online.

When breaches occur it is the standard practice for the notification to come directly from the company affected. The difference with Discover's service is that, because it's an opt-in program, its users may already be bracing themselves for bad news.

Bank of America will tokenize BofA cards across Mastercard and Visa portfolios in the U.S., supporting PayPal's mobile wallet.

A task force convened by the Federal Reserve released its evaluations last week of 16 proposals to build a faster U.S. payment system. What follows is a brief look at some of the plans that received high marks.

Total System Services Inc. said its income surged during the second quarter of 2017 based on continued revenues that totaled $1.2 billion, up 6.1% from $1.5 billion a year earlier.

Visa has led a $25 million investment round in open card issuing platform Marqeta, and the two companies will collaborate on consumer and commercial payment projects.

UniCredit, Italy's No. 1 bank, said hackers took biographical and loan data from 400,000 client accounts in one of the biggest breaches of European banking security this year.