Technology

It's been roughly a decade since Target executives ended their attempts to convert to EMV-chip payment cards to improve security. After a massive breach of magnetic-stripe card data, it seems they have changed their minds yet again.

Youth payments company Oink has partnered with processor WorldPay in an attempt to broaden its merchant base.

Swedish bank Swedbank will close down Bart, its proprietary mobile payment program.

McAllen, Texas police have arrested two people from Monterrey, Mexico that the local cops say were in possession of fake credit cards made with information obtained from the Target data breach.

South Korea's biggest theft of personal information on credit-card holders prompted dozens of top executives at financial firms including KB Financial Group Inc. to offer to quit this week as a regulatory probe widened.

Target Corp. warned some Canadian customers that their personal data may have been compromised when hackers stole credit- and debit-card information from the discount chain's U.S. operations last year.

Seeking to improve the security of digital payments by making card data tokenization operate the same way around the world, EMVCo plans to establish new standards.

Kofax is launching new image capture technology that can be used for mobile marketing and offer redemption tied to multi-channel payments.

Wells Fargo (WFC), U.S. Bancorp (USB) and Fifth Third Bancorp (FITB) all pulled the plug Friday on a controversial lending product that competes with payday loans.

Judges for an appeals court appeared sympathetic to the Federal Reserve Board's defense of its rule capping interchange fees on debit cards, fueling hopes by bankers that the agency will beat back a legal challenge.