Technology

The credit-card issuer has agreed to loosen its restrictions on fees charged by retailers to consumers, following a similar move by Visa and MasterCard.

If Target can't protect itself from a data breach, how can any retailer hope to do so?

PayPal's corporate parent eBay has completed its $800 million acquisition of Braintree.

Target has confirmed the compromise of the credit and debit card data of 40 million Target shoppers and says the problem has been identified and resolved. However, thieves are selling the card account information as fast as they can on underground sites, according to security blogger and expert Brian Krebs.

Ellen Richey has become the new chief legal officer at Visa, where she will be responsible for legal functions as well as oversight of the card network's compliance and audit teams.

MasterCard, eServGlobal and Bics have formed HomeSend, a joint venture that allows consumers to send money to and from mobile money accounts, cards, bank accounts or cash outlets.

La Caixa Bank says it will soon launch the largest mobile payment venture in Europe, once again placing the bank at the center of a major European payments initiative.

Oink, which was previously called Virtual Piggy, is ready to expand its youth-oriented online payments business to include merchants with a physical presence.

Retailer Target Corp. is investigating a massive data breach that may have affected the card data of millions of bank customers, according to security blogger Brian Krebs. The breach of credit and debit card records is said to have begun on or around Black Friday 2013, the day after Thanksgiving.

Jerome Cle has stepped down as CEO of SCCP Group. He will remain active as a board member and strategic advisor to the mobile payment technology provider.