Technology

Next year's updates to the Payment Card Industry data security standards will give compliant retailers better protection, but hackers will be targeting the weaknesses of companies that don't put in extra effort.

PayPal is on track to handle 1 billion mobile transactions this year, but the company can't yet say it will benefit from the imminent launch of Apple Pay.

American Express Co. said third-quarter profit rose 8.1 percent, beating analysts' estimates, as customer spending increased.

The growing prevalence of Internet-connected devices, along with a seemingly endless string of data breaches, is creating more opportunity to convince retailers to safeguard sensitive account data through new technology.

FICO is joining The CardLinx Association, which develops standards for card-linked offers.

I'd be hesitant to say that mobile payments are ubiquitous today, but during a four-day trip to Texas, I got to see just how far the technology has come when I lost my physical wallet with all my plastic cards.

Alipay, the Alibaba Group Holding Ltd. financial affiliate controlled by Jack Ma, is trying to gain a foothold with U.S. retailers by offering them tools to help sell to consumers in China.

Fuel retailers may shudder at the potential costs of upgrading gas pumps for EMV chip-based card acceptance, but they are a prime target for vendors offering secure mobile payments and deeper fraud-screening analytics.

The financial industry is making payments better, more efficient, simpler—and faster.

The merchants and issuers invested in Apple Pay must maintain a strong emphasis on employee education — especially if the stakeholders want Apple's mobile wallet to avoid the fate of the many previous payment technologies that sought to displace plastic cards.