Economy

Some data breaches can’t be prevented. But too many occur when data-storage companies fail to use “aggravatingly simple protections,” a new Javelin Strategy & Research report says.

Discover Financial Services' arrangement to facilitate in-store PayPal transactions across its network stands to serve as the biggest expansion of its ongoing strategy to serve as a multifaceted utility throughout the payments ecosystem.

Gravity Payments now allows PayPal card acceptance at about 10,000 merchants in Washington State.

Silicon Valley Community Foundation, a philanthropic organization, began accepting donations in ripple or XRP, the native digital currency of the Ripple network.

Text2Pay, a mobile billing application for online purchases, now allows merchants to accept Bitcoin, the decentralized virtual currency.

PayAnywhere will provide mobile credit card processing to Camp Masters, the popcorn brand sold by the Boy Scouts of America for fundraising.

Chirpify, which handles payments over social media, is launching a direct payment processing option, overcoming its reliance on PayPal’s service.

Consumers today are social media addicts, and Getonic is aiming to use their Facebook and Twitter habits to the advantage of online merchants.

How consumers conduct PayPal transactions across the Discover Network demonstrates a shift in how the eBay unit approaches its transition to becoming an in-store payments option.

Apple's one nod to payments during its keynote address at this year's Worldwide Developers Conference is its plan to store users' credit card info in a new iCloud keychain for online shopping.

Microsoft confirmed that the company will eliminate Microsoft Points, its digital currency, in favor of pricing digital content in local currencies.

CardConnect has launched CoPilot, a business management tool for independent sales organizations and sales agents.

American Express and ShopRunner are promoting a system designed to mitigate online 'cart abandonment' as more e-commerce moves to mobile devices.

Tango Card is pitching its online gift card platform as a way to let big companies provide small-dollar awards to their employees.

Leading into Apple's annual Worldwide Developers Conference, starting Monday in San Francisco, a patent application surfaced that provides fresh details on Apple's approach to mobile payments.

Mobile payments company, Boku Inc. and PlayJam, which provides a platform for games on televisions, are working together to allow consumers to make purchases on smart TVs.

Though Apple doesn't have a dedicated mobile wallet, its plans for mobile payments are at least as old as the iPhone itself. Here is a rundown of the many ideas Apple has explored in its mobile payment patents.

Bell ID plans to offer software that will improve the appeal of Near Field Communication technology as a contactless payments option and quell debates over who should control the secure element in a phone handset.