Technology

Third-party payment services in China are gaining momentum over bank-led payment services among users thanks to e-commerce growth and changes in government regulations, suggests a research report released last week by research firm Analysys International.

Concerned customers of Web site domain provider GoDaddy.com Inc. were blazing the blog lines with questions and speculation in the wake of the company’s Wednesday announcement that 445 of its hosting merchant accounts experienced a security breach.

Concerned customers of website domain provider GoDaddy.com Inc. were blazing the blog lines with questions and speculation in the wake of the company’s Sept. 21 announcement that 445 of its hosting merchant accounts experienced a security breach.

SCOTTSDALE, Ariz.–Merchants generally welcome the new industry guidance and requirements for security payment card data through advanced data encryption, but many questions surround specifics about prospective products and their implementation, say attendees at the PCI Security Standards Council's annual meeting that concludes here today.

Google Wallet and its rivals are coming soon to bank customers’ mobile phones, but it turns out the vast majority of them could not care less, new research suggests.

Discover Financial Services more than doubled its third-quarter net income to $649 million as its customers increased their spending and its credit card loan portfolio grew for the first time in over two years.

The majority of consumers in the United States, United Kingdom and Australia are concerned about possible exposure of their personal information. What's more, many have lost confidence in how companies protect such data, says a survey released this week.

SCOTTDALE, ARIZ.–The rise of more-advanced card data security measures and the emergence of mobile payments helped to drive record attendance here at the annual PCI Security Standards Council’s North American community meeting, whose attendees include payment-industry executives from 40 different countries.

Merchants and processors may find Payment Card Industry Security Standards Council requirements for the use of advanced encryption hardware to secure card data useful, but encryption alone is not security’s “silver bullet,” fraud-prevention vendors say.

The likelihood that S1 Corp. will merge with ACI Worldwide Inc. is increasing, despite S1’s stiff resistance (see story). And if such a deal does not occur, the rapidly consolidating commercial payments industry may force S1 to form another alliance soon, according to analysts who been closely watching the push-me-pull-you action unfold among S1, Fundtech Ltd. and ACI since June.