Payments

Target Corp. (TGT) must defend itself against claims that its failure to shield computer systems allowed hackers to steal the account data of millions of shoppers, forcing banks to reimburse fraudulent charges and issue new credit and debit cards.

Stripe Inc. has raised $70 million in a financing round that values the digital-payments startup at $3.5 billion.

Nearly four years ago, U.S. Bancorp debuted a medical bracelet that could also make payments. The product was short-lived, but the bank is taking a fresh look at the advancement of wearable technology in recent years and its potential for payments and other financial functions.

Revel Systems plans to expand in Europe after securing a $1.2 million grant from Invest Northern Ireland.

Payvision has launched its global payment network in Canada through a partnership with Home Trust, a bank based in Toronto.

BlueSnap has launched a new system called ChargeLink to help businesses close sales over the phone.

Bitcoin wallet providers have had a touchy relationship with prepaid cards. But whether or not these companies care about plastic, they should care about how the Consumer Financial Protection Bureau's prepaid proposal affects them.

Mobile payments company Yapital has partnered with the German supermarket chain Wasgau to support smartphone payments with minimal technology upgrades.

Monitise has picked up some well-heeled backers to fuel its move into global markets, as MasterCard, Telefonica and Santander join to take a stake in the mobile technology company.

Regional banks have expanded credit card loan balances dramatically over the past year. For now, they seem content adding cards to existing customers' wallets. But one day, they might be tempted to take on the largest issuers.

Real-time payment systems must be interoperable if they are to succeed, Fiserv says. To this end, the vendor wants to enable an open network, but it faces stiff competition.

The annual Cyber Monday shopping holiday is a boon to mobile payments, but remains a significant challenge for e-commerce security.

Discover's lawsuit this week against Visa stems from years of practices that have their root in the Durbin amendment's debit-routing mandates, and Visa will likely have several ways to counter its rival's allegations.

Apple Pay launched in late October, facing a few early hiccups and an unclear future. But in the month of November, Apple's strategy began to come into focus even as competitors closed in.

The CFPB's proposed requirements threaten to trap next-generation digital wallets and cryptocurrency innovations in a consumer protection regime narrowly tailored to the unique characteristics of reloadable prepaid cards.

A year after the Target data breach prompted retailers to step up their migration to EMV-chip acceptance, many consumers finally have EMV cards or can access the same security through Apple Pay's new mobile wallet. But will they finally change their habits?

A U.K. company is building a mobile payment system that is designed to appeal to the needs of both banks and retailers, but faces challenges in winning consumers away from mobile wallets that have already hit the market.

Twitter Inc. is testing a way for users to redeem discounts through merchants' tweets, expanding its online commerce efforts.

Slyce, a two-year-old company that allows consumers to take pictures of items to make purchases, has launched a "visual shopping app" called Pounce.

American Express' recent moves show it wants to score more points with its Serve digital wallet platform and become a software provider alongside its place as a card network.