Technology

Fraud is eating 1.5% of the revenue from airline tickets sold online as merchants struggle to block criminals without making the purchase process too cumbersome for consumers.

Square has shut out independent sales organizations as distributors of its mobile card reader. Now one ISO has gone on the offensive by offering its own.

Facebook is moving away from its Credits virtual currency to a more robust payment system that supports real money. At the same time, new survey data show that consumers are interested in bringing their banking business to the social network.

Discover Financial Services may be having more success than its peers in getting consumers to revolve balances from month to month — which is where more profits lie.

Turning a phone into a credit card reader is no longer anything special. Square, facing increasing competition from bigger rivals, is adding features to its small plastic card reader to make it a more fleshed-out product for merchants.

Alliance Data Systems Corp. has agreed to buy the $475 million private-label credit card portfolio of Bon-Ton Stores Inc., a 275-store chain with outlets in 23 states.

A Denver-based start-up that began by offering Facebook credits as rewards is adding a proprietary prepaid card to create another redemption option and to help expand the program's marketing potential.

Not to be outdone by other card brands or mobile network operators, MasterCard Worldwide and PrePay Solutions plan to launch a Mobile PayPass prepaid account for smartphones in a few months.

Heartland Payment Systems announced two promotions and a new high-level hire on June 18.

Even as Apple's Passbook app portends a mobile-payments world without near-field communication technology, ACI Worldwide is pushing ahead with NFC through an expanded pact with the smart-card technology provider Bell ID.