Technology

EMV-chip technology has driven down fraud on Canada's Interac debit network, but that fraud isn't moving online. It's fleeing the country.

Lawmakers keep trying to move legislation aimed at strengthening data security even if they are still not finished upbraiding retailers for recent breaches.

Payzone, a provider of payment technology for retail stores, hotels and restaurants, is planning to offer Seamless' SEQR mobile wallet to its approximately 20,000 clients.

Most digital wallets are focused on shopping, marketing and recurring payments, though mobile payment company PyxPay and donation payments company Interactive Donor Corp. are applying the concept to charitable giving.

A growing number of home lenders are lowering their minimum credit scores in an attempt to boost origination volumes that have suffered as interest rates climb.

The security vendor Trustwave has been accused of failing to identify security gaps at Target, according to a lawsuit filed by banks for damages suffered from the holiday season data breach.

?Target Corp., scheduled to testify tomorrow about a data breach affecting millions of customers, plans to tell lawmakers it had clues about the attack weeks before responding and is exploring why it took so long to react.

MasterCard has entered into a commercial agreement with Monitise that includes cooperative development and a plan by the card network to make a minority investment in the technology company.

First Data Corp. has named Attra Infotech, a global banking and payments services provider, as the first participant in its developer license program for the VisionPlus and AccessPlus products.

VeriFone CEO Paul Galant says he is re-organizing the terminal maker's fragmented research and development process and improving its current cost structure in an effort to repair the company.