Technology

The U.S. won a Dutch top court ruling allowing it to seek the extradition of a Russian man suspected of helping to lead a ring that hacked 17 companies including Nasdaq OMX Group Inc. and 7-Eleven Inc.

Sequent has patented a payment system that allows merchants to simultaneously accept several types of cards with a single tap of a mobile device at the physical point of sale, with the goal of making mobile wallets more user-friendly.

Nearly 20 years ago, Visa executives celebrated a milestone for the card brand's global VisaNet payments network. The system could finally handle 1,000 transaction messages per second.

Citigroup Inc. has begun signing up consumers to use Citi Wallet, which is based on MasterCard's MasterPass digital wallet.

CPI Card Group, a provider of EMV payment services, has agreed to acquire EFT Source, a provider of personalized ATM products.

Coin's ongoing public relations fiasco illustrates that startups—especially those that have crowdfunded money from prospective customers—need to be transparent about any hiccups in the development of their technology.

Swisscard AECS AG, the Zurich-based joint venture of Credit Suisse AG and American Express, has implemented Entersekt's 3D secure-based mobile security system, Transakt.

Payza, a payment processor and digital wallet provider based in London, has launched an eGift product for customers in the United States.

Since Google announced support for host card emulation (HCE) in Android KitKat 4.4 last year, the industry has been divided.

Getting payment cards operating under a Single Euro Payments Area framework is the next big hurdle facing those seeking a common system in Europe.