Technology

Before Target, there was TJX, the major 2007 breach that impacted about 45 million credit cards. The crime and its prevention were basic, and provide a lesson for today's retailers that are battling a new wave of data theft.

Apple's plan to launch Apple Pay in the U.K. with the support of a solid number of issuers came as no surprise — except for the omission of Barclays, the leading issuer and acquirer in the country.

Apple is doing a lot more with its mobile wallet, with a focus on making Apple Pay a more palatable option for retailers. The company is also making moves to beef up the features visible to consumers and expand to new regions.

Jack Dorsey will be doing double duty soon. The 38-year-old Missouri-native will be serving as the interim CEO of Twitter, while also continuing to serve as the CEO of Square Inc.

Reconnecting to his youthful punk rock days, billionaire Sir Richard Branson's Virgin Money U.K. is offering a credit card featuring the Sex Pistols.

Citizens Financial in Providence, R.I., has signed a five-year agreement to outsource some of its IT infrastructure to IBM.

Banks are under significant pressure to modernize payments or lose customers to more nimble digital challengers. But regulatory obligations, which at times hold banks back from being innovative, are also the reason banks become the hero in resolving disputes over charges.

The October deadline for EMV-chip card adoption is fast approaching, and banks that are behind the curve are turning to instant issuance to quickly get chip cards into the hands of their customers.

The Bitcoin Foundation's goal of promoting the new digital currency was quickly overshadowed by the personal and legal problems of its management. Now, under new leadership, the group aims to return to its original mission.

PayItSimple is extending the distribution of its installment payment technology by partnering with merchant services company North American Bancard (NAB).