Technology

When 650-store discount chain Fred's announced a data breach this month, it made an unwarranted leap of logic, one that has become all-too-common among breached retailers. That leap was deciding that an absence of evidence was proof that something didn’t happen.

MasterCard and First Tech Federal Credit Union are testing a system that might be the picture-perfect solution to the expected rise in e-commerce fraud following the October shift to EMV security in the U.S.

The growing adoption of Apple Pay will help Apple's smartwatch capture up to 68 percent of the smartwatch market by the end of the year.

Target Corp. reached a settlement with Visa Inc. over a hacker attack that struck the chain during the 2013 holiday season and exposed millions of customers' personal information.

Target Corp. reached a settlement with Visa Inc. over a hacker attack that struck the retail chain during the 2013 holiday season and exposed millions of customers' personal information.

The United States is one the last developed countries to migrate to an EMV-based payments infrastructure, with a card network-imposed liability shift going into effect on October 1.

The small merchants that turn to Square for their card acceptance needs are also among the most reluctant to swap out their hardware for devices that can handle EMV-chip cards, so Square is putting into play a strategy that banks have long used to get consumers on board with new technology.

The Federal Trade Commission has closed its investigation of Morgan Stanley's massive data breach. It has identified the problem that allowed the breach to happen: access controls to a narrow set of reports were improperly configured.

Total System Services (TSYS), the Columbus, Ga.-based payment processor, has hired Patricia A. Watson to be senior executive vice president and chief information officer, effective Sept. 14.

The rise of mobile payments has had only a narrow impact on the use of cash, according to a new report from the ATM Industry Association and business strategy consulting firm Tremont Capital Group.