Data and information management

The French interbank network in charge of governing card payments, Groupement des Cartes Bancaires CB, is expected to approve the use of biometric technology for authentication this year.

The numerous recent retailer data breaches have led issuers to realize that they may have to replace most of their cards with little or no warning.

Chinese restaurant chain P.F. Chang's has confirmed that the data breach it discovered Tuesday involved the theft of credit and debit cards.

The number of U.K. credit cards with balances that are over-limit reached its lowest point in more than two years, according to data from Fair Isaac Corp. (FICO).

PayPal is rebranding its Bill Me Later instant credit product to PayPal Credit.

By the end of 2015, 70% of U.S. credit cards and 41% of U.S. debit cards will be EMV enabled, and chip-and-signature will be preferred by issuers out of the gate, according to a recent survey.

P.F. Chang's China Bistro Inc., a chain of Asian-themed restaurants, said it's investigating whether it was the target of a data breach following a report that stolen customer data had appeared online.

The payment processor First Data will provide its small and mid-size clients access to data security services provided from Trustwave.

P.F. Chang's China Bistro Inc., a chain of Asian-themed restaurants, said it's investigating whether it was the target of a data breach following a report that stolen customer data had appeared online.

Affirm Inc. has raised $45 million to help it target consumers looking for new credit tools to make purchases online, Chief Executive Officer Max Levchin said at Bloomberg's Next Big Thing Summit.

WASHINGTON — Payday lenders are raising the stakes in their pushback on Operation Choke Point with a lawsuit against banking regulators, alleging that "back-room pressure of banks" to dissolve longstanding relationships with payday shops and others is unfairly harming the industry.

Mobile commerce provider Spindle has named a new vice president for its affiliate marketing program.

Brookhaven, N.Y. will use a variety of technology products from Creditron to streamline tax payment processing.

Prepaid card company Green Dot (GDOT) said Friday that it supports Visa's new initiative to simplify fees and disclosures.

WASHINGTON — A group of payday lenders is suing bank regulators over their alleged involvement in Operation Choke Point, a federal investigation to limit use of the banking system for fraudulent activity.

Wallaby Financial and CreditCards.com are offering a new Web app that recommends payment cards and rewards programs based partly in how consumers make payments.

AT&T is planning to test a fraud-detection service that will allow credit card companies to track the locations of customers who opt in.

WASHINGTON — Lawmakers appear increasingly concerned about issues related to student lending, including the possibility that the record level of student loan debt could end up damaging the economy.

U.S. citizens traveling to Brazil for the World Cup have been warned: beware the chupacabra. Card cloning is common in Brazil, so U.S. citizens should take precautions when withdrawing money and check account activity often, the U.S. Citizen Services office in Brazil said on its Twitter account.

Sam's Club plans to launch a cash back program for a new co-branded MasterCard that will also leverage EMV-chip technology, providing some much-needed momentum for the EMV migration in the U.S.