Technology

Federal and state regulators said that mobile telephone carriers Verizon Wireless and Sprint have agreed to settle allegations that they bilked consumers out of millions by allowing third parties to "cram" unauthorized charges onto their customers' bills.

Voice biometrics, fingerprint recognition, device ID and behavioral analytics are at long last becoming accurate and convenient enough for prime time.

Square Inc. says it has received more funding for its Square Capital program, which grants loans to Square merchants based on their transaction history.

Card networks have built their legacy on transporting payments and consumer data, and over time the data itself has become far more complex.

For many industries, the introduction of open standards has been a key driver for innovation. The rapid evolution of the internet and online services offer a vivid example of the degree to which open standards can enable immense innovation and growth.

A new series of reports from analytics and consulting firm Accenture found that nearly 90% of the 450 financial firms surveyed plan on increasing their spending in risk management related to cybersecurity and fraud detection and prevention.

A group of small banks and credit unions could not persuade a judge to block the settlement Target and MasterCard reached last month that would reimburse banks on the card network $19 million for losses related to the retailer's breach.

Latin America is becoming a must-have market for mobile payments, replete with fast growing m-commerce adoption and card network investment.

Google's Android may have more smartphones in circulation, but Apple's iPhone is responsible for the bulk of the spending from mobile wallets.

As many companies scramble to find the winning formula for mobile payments, they are coming to market with distinctly different ideas. It's still not clear what the best tactic should be, but a few mistakes stand out as lessons for others.