Technology

Target Corp., struggling to fix a botched expansion in Canada and undo the lingering damage of a holiday hacker attack, hired former PepsiCo Inc. executive Brian Cornell as chief executive officer.

Six-year-old Poppy Blacow and her father Rik watched a distant stage where Black Sabbath, the English rock band led by infamous lyricist Ozzy Osbourne, was playing. They wanted to get closer seats, but upgrading their tickets was a decidedly "classic rock" experience in need of a "modern rock" upgrade.

Hilton's updated mobile app, which lets guests use their phones as room keys, has almost nothing to do with payments. But it may be the catalyst the payments industry has long needed to get consumers to warm to mobile wallets.

Fiserv Inc. is promoting the real-time version Popmoney person-to-person payment service as a companion to its online bill payment offering.

WEX Inc. is working to finalize several key acquisitions to bring the corporate payments provider into new markets.

First Data Corp. has agreed to buy Gyft Inc., which sells digital gift cards, in a move to advance the Atlanta-based processor's mobile payment offerings.

Square plans to offer a version of its mobile card reader that can read EMV-chip cards, but the added security may come at a cost.

Facebook Inc. is ending a service that lets friends send digital gift cards to each other, as the social-networking service revamps how users can buy goods and services.

The Secure Remote Payment Council wants a more open process in the development of a standard for tokenization, with the goal of ensuring a single token can be handled by multiple parties to improve security.

With the increased proliferation and reliance on public cloud solutions, combined with the recent high-profile data breaches that have occurred in the past few months, cybersecurity should be a top concern for both issuers and retailers who handle sensitive financial data.