Technology

Security vendor Trustwave has been named in another lawsuit filed against Target for damages related to the retailer's 2013 data breach.

Walmart has long been as much a force in financial services as it has been in retail. Here are some of ways Walmart and its executives have shaped - and challenged - the payments industry.

The payments processor First Data has appointed former AOL executive Michael Manos as its chief technology officer.

Wal-Mart Stores Inc. chose MasterCard Inc. to handle transactions for the merchant's store-branded credit cards, ending a nine-year relationship with Discover Financial Services.

Peter Hazlehurst, Google Wallet's director of product management, has quit Google, according to a report in The Wall Street Journal.

SCVNGR's LevelUp has begun a campaign to urge users of its mobile wallet to fund payments from a debit card instead of a credit card. The end goal is to get its transaction fees as low as possible, while filling a void left by merchants who switched away from another pricing model it boldly called Interchange Zero.

In the technology market, making the jump from early adoption to the mainstream is the difference between becoming the next iPad and becoming the next Laserdisc. Mobile wallets find themselves in this very position today as a next-gen product in need of a push to reach their tipping point.

Consumers in the U.K. are being encouraged to sign up for a new payments system that will allow person-to-person transfers to a mobile phone number.

VeriFone Systems had five of its Payware EMV-enabled mobile card readers approved for the Visa Ready Program.

Seeking a stronger foothold in the North American market, the Munich-based online payment processing and gateway provider Pay.On AG has formed a new unit that operates out of New York City.