Technology

The leak of client records at Morgan Stanley illustrates the danger posed when just one employee has unauthorized or unsecured access to sensitive information, as well as the ongoing threat to financial institutions from insider theft.

Like a coach turning to an old playbook, fraudsters have resurrected an e-mail spam method to attempt to steal personal and card data from bank customers in the U.K.

High-tech cards have struggled to gain traction as a distinct, offline — and often expensive — consumer gadget for storing and protecting multiple payment accounts. But the pervasiveness of Internet access points and Internet-connected devices could give some of these gadgets fresh appeal.

EBay Inc. named Bonnie Hammer, chairman of NBCUniversal Cable Entertainment, to its board as the 10th independent director, bringing in an executive with a background in consumer and social-media content.

Tablet-based point of sale and other integrated payment systems are advancing quickly, but there are some obstacles in the road to domination—particularly for providers that didn't plan ahead for EMV-chip cards in the U.S.

The crowdfunding site Kickstarter has adopted payment service Stripe for all of its transactions, replacing Amazon Payments.

Xoom, a digital payments company based in San Francisco, disclosed that its systems were exploited for $30.8 million in fraudulent transfers to overseas accounts.

Chick-fil-A recently became the latest victim of a credit card breach, bringing to light the threat that all quick serve restaurants and small retailers are increasingly facing from hackers and data thieves and underscores the challenges businesses face in keeping their networks and data secure.

As a consortium of banks and mobile networks in New Zealand puts the finishing touches on its mobile wallet system, the group chose a technology "hub" model to ensure that it can adapt to the fast-changing movements in the payments industry.

Video tellers are being touted as a way for banks to increase efficiencies and cut costs while also giving customers the human interaction they desire, but some argue that speed is more important than seeing a friendly face.