Technology

Yespay International Ltd. has added advanced encryption to its global card-payment service, the London-based company announced this week.

Forced to choose between making a payment on their credit card, car or mortgage, more cash-strapped consumers are opting to keep their wheels and let the plastic slide.

Location-based offers are a major selling point of mobile wallets, but one company recently told the feature to get lost.

Consumers in 2011 were more likely to pay their auto loans before their credit cards and mortgages, according to a TransUnion study.

Led by new investor August Capital, ThreatMetrix Inc. has received $18 million in capital from it financing partners, the cybercrime prevention vendor announced March 27.

Financial institutions in the Shazam electronic funds transfer network now may help their members with identity-theft recovery, a process that can be costly in both dollars and time.

MasterCard Worldwide plans to offer a new tool to help merchants mitigate the risk of fraud in online transactions.

The payments industry is seeing only the “first steps” of Near Field Communication development as a contactless-payment technology, so it stands to reason that lawsuits related to NFC patents would not be far behind.

Elga Credit Union recalled about 450 Visa cards and discovered thousands of dollars in fraudulent transactions after being notified by the card company they may have been compromised.

An international coalition is attempting to create due-diligence tools, testing and standards that will help firms determine whether cloud providers are addressing common concerns such as accessibility and security adequately.