Technology

Tokenizing payment information and sending the data to the cloud can solve many issues for companies that accept payments, as long as the companies trust the tokenization provider.

In a scary new mobile-banking fraud scheme, criminals are tricking mobile network operators banks into swapping out the SIM cards in customers' mobile phones and using illegally obtained data to drain a victim's funds from bank accounts.

First Commonwealth Financial Corp., of Indiana, Pa., thought it had done a pretty good job.

SecureKey Sees Investment Capital As A Boost For Online And Mobile Software Rollouts

Thieves know: there's money in credit cards. Credit card numbers are still the hottest items stolen in data breaches, far surpassing debit card numbers and Social Security numbers, according to data from Javelin Strategy & Research.

Merchants have never before had so many options for accepting cards, but a stubborn core that deals only in cash may never change its ways.

The prominent daily-deals provider Groupon is reportedly branching into payments with a device that competes with Square Inc.

Elavon, a unit of U.S. Bancorp, is taking a different approach to mobile card acceptance by using a wireless card reader that is as big as the phone it pairs with.

A Virginia collection agency erroneously mailed thousands of letters last week for medical bills that likely already were paid, according to officials with Carilion Clinic in Roanoke, Va. The letters went to patients of New River Valley Radiology, which joined Carilion in 2009.

Two years ago, Bryan Johnson, who is CEO of an online payments and data security software startup called Braintree, got a poor reception when he asked established payment providers to cooperate with each other in allowing card data transfers.Today, Braintree has completed a credit card data transfer from nearly every major provider in the industry.