Technology

Gemalto, which manufactures SIM cards and EMV chips, is investigating a report that U.S. and U.K. spy agencies hacked into the company's network and stole mobile phone encryption keys, a technology also used to secure card data.

Apple Pay's contactless payment model may be straightforward and simple, but it's not the only way to move funds without cards and cash. Many companies are coming up with alternatives that work from phones, smartwatches and other devices.

The apparent hack of Gemalto by U.S. and U.K. spies casts doubt over several security measures vital to the payments industry as it embraces chip cards and adopts digital payments.

Gemalto NV, the largest maker of mobile- phone cards and a manufacturer of EMV card chips, said it’s investigating a report that U.S. and U.K. spies allegedly hacked into its computer network to steal the keys used to encrypt conversations, messages and data traffic.

The financial services industry may be focused exclusively on securing payment card credentials, but other sensitive data can benefit from these efforts.

Banks and processors often avoid small direct response businesses out of risk concerns, though the category fits right into EVO Payments International's multi-media sweet spot.

The big antitrust ruling against American Express could set off a price war that squeezes all payment card networks -- not just Amex -- as well as card-issuing banks.

Cloud-based mobile payment provider P97 Networks Inc. will partner with Fiscal Systems Inc. to enable gas pumps and station convenience stores to provide customers smart-phone based payment options.

Getin Bank has introduced a new cloud-based mobile wallet in Poland that relies on using host card emulation (HCE), an emerging form of technology that's designed to reduce reliance on mobile operators.

At least two financial services groups say none of their U.S. bank members have reported the existence of Carbanak malware in their networks, suggesting the threat may not be significant.