Technology

Speedy communication to breach victims is vital in preventing fraud, according to lawmakers and regulators who are pushing for faster consumer notifications after last week's disclosure of an incident at Citigroup Inc.

American Express Co. is making its boldest move yet in the prepaid market by introducing a reloadable card that carries almost no fees.

Tyfone Inc. has received a patent for programming add-on smart cards in a mobile phone to function as a payment account.

The buzz around person-to-person payments has long been claimed by rival upstarts such as PayPal Inc., but banks are striking back, as evidenced by the ClearXChange consortium.

Barclaycard has retooled a contactless-payments television advertisement to feature use of a mobile phone to make payments in a move that could help to raise awareness of the technology in the United Kingdom. The ad first appeared June 4 during the finale of the popular television show “Britain’s Got Talent.”

China Merchants Bank Ltd. is partnering with social networking platform company Renren Inc. to issue a cobranded credit card in China, the bank announced June 13.

WASHINGTON — Bankers lost the Senate fight over interchange fees, but they are hoping the vote will help convince the Federal Reserve Board to raise its proposed 12-cent cap.

American Express Co. is trying to expand the number of users for Serve, its new digital wallet service, through a marketing partnership with AOL Inc.’s Patch news network.

Law enforcement agents believe hundreds of thousands of dollars being withdrawn from ATMs in California are related to the data breach announced recently by Michaels Stores.

WASHINGTON – The Federal Reserve is expected to vote a final rule on debit fees a week from today, now that a credit union-backed proposal to delay the rules has been shot down in Congress.