Technology

NorsePayments wants to make it harder for card thieves to perform fraudulent card-not-present transactions.

A massive cyber offensive in which millions of dollars were stolen from two Middle Eastern banks through ATMs in dozens of countries could have been prevented had better security controls been in place at the card processors, the ATMs and the banks involved, observers say. The security lapses could lead to legal liability for many of the companies duped in the process.

The $45 million prepaid card crime spree, recently revealed by law enforcement agencies, is the latest in a long string of hacks on payment processors.

Facebook Connect is an increasingly prevalent way for Internet users to skip registration for other websites by using their Facebook credentials instead — and to WePay, it's also a tool for fighting payment fraud.

Google is not including a physical payments card as part of its mobile wallet, at least for the immediate future, according to the tech news site allthingsd.com.

The masterminds behind the recent crime spree that netted $45 million in fraudulent ATM withdrawals focused their attention on prepaid cards, highlighting yet another risk banks face when offering such products.

Through a partnership with Bitcoin payment processor BitPay Inc., Gyft now accepts bitcoins for its mobile gift card product. This extends the virtual currency's reach to more than 50,000 retail locations.

The U.S. Government has charged eight people in a cyber-scheme that prosecutors say used stolen prepaid debit card data to drain millions of dollars from two banks in a matter of hours.

Southwest Airlines, Pacific Convenience & Fuels LLC, RaceTrac and Brinker International Inc. have joined the retailer-driven effort to establish a mobile wallet for merchants and consumers, the Irving, Texas-based MCX announced May 9. Brinker is the parent company of Chili’s Grill & Bar and Maggiano’s Little Italy.

MDPromptPay is offering a negotiation service that combines users' medical expenses to build negotiation leverage for healthcare payments.