Technology

VeriFone Systems Inc. shares tumbled as much as 35 percent after the maker of credit-card terminals forecast second-quarter profit that missed analysts’ estimates, amid weak economic conditions in Europe.

The National Bank of Abu Dhabi is providing a customer service and security boost for its 570-unit ATM network throughout the United Arab Emirates.

Square Inc. is introducing hardware designed to work with its mobile-payment software, seeking to replace cash registers by companies including NCR Corp. and stepping up competition with eBay Inc. and Intuit Inc.

In 2012, identity fraud incidents increased by more than one million victims. Fraudsters stole more than $21 billion overall—the highest amount in three years, according to Javelin Strategy & Research.

Many merchant payment systems lack the technology needed to safely store card data, resulting in 70% of merchants not meeting data security requirements, a new report says.

CoreFirst Bank and Trust is under pressure on two fronts when it comes to payroll cards. It faces strong competition from large banks and other rivals, as well as a heavy state and national regulatory burden.

For the processor Total System Services, buying the prepaid card marketer NetSpend is transformational. For NetSpend it's going to be business as usual, the companies say.

The Payment Card Industry Security Standards Council has published its latest data security guidance for merchants accepting payments with smartphones or tablets.

St. Louis may not be the obvious launching spot for payment technology, but Radnor, Pa.-based FreedomPay bypassed the nation's most crowded cities to instead launch the Vibe mobile wallet in the Show-Me state.

Coinbase makes it simple to buy and sell bitcoins via a bank account, but plays only to the low-fee, frictionless nature of Bitcoin and fails to leverage its unique privacy aspects.