Technology

Mobile wallets and digital currencies are providing an increasingly viable alternative to traditional card payments, prompting Visa Inc. to present a new value proposition to merchants.

While young consumers do not have a past with legacy payments methods and are most open to new innovation, most new payment systems are not adequately focused on the youth market.

ATMs have long been a target of fraudsters hoping to steal a large amount of card data from unsuspecting consumers, and the problem looks like it can only get worse before it gets better.

Six of the world's biggest banks will pay $5.8 billion and five of them agreed to plead guilty to charges tied to a currency-rigging probe as they seek to wind down almost half a decade of enforcement actions.

Let Target's settlement with MasterCard over the retailer's massive data breach serve as a reminder of the need for all participants in the payments system to play by the same set of rules.

Banks' technology investments are helpful but fail to ease customer concerns about the security of personal data, hidden fees and other problems, a new survey shows.

The U.S. financial system has weathered several external threats in the past year, but significant hazards remain, including the potential for cyberattacks and excessive concentration of risk in central counterparties, according to a report by the Financial Stability Oversight Council.

Bitcoin startup 21 Inc. has revealed its plans to create a mining chip called a BitShare that would be embeddable into Internet-connected devices to continuously mine bitcoins.

Mobile devices have the potential to improve security through the use of tokenization, biometrics and account controls. But some companies have encountered recurring issues with the transition to mobile payments, and others may overlook beneficial security technologies to reduce friction.

If Verifone wants to benefit from the major card brands' efforts to operate in China, it must confront a virtual army of independent sales organizations already selling low-cost payment terminals.