Identity theft protection company LifeLock is coming under fire from the Federal Trade Commission for failing to adequately protect customers' credit card and bank account data, Social Security numbers and other sensitive personal information, among other allegations.

As more point of sale terminals include connections to the Internet and customers' mobile devices, payment companies may need to consider themselves in an "Internet of Things" environment — with all of the risks that implies.

When a cyberthief attacked Ashley Madison — a dating website for cheaters — with the stated goal of demonstrating that the site’s mechanism for deleting customer data didn’t work, it sent a signal that should be heeded by any company that handles sensitive data.

Data breaches happen so frequently these days that many consumers have “breach fatigue.” However, the threat does not die when public interest does. Stolen data moves faster than breaches can be detected, heightening the risk for merchants.

Apple Inc. showed how to combine biometrics and tokenization in a mainstream product, and now companies of all sizes are working to build on this combination.

The credit union-led CU Wallet is working to attract small-business support by drawing on the local ethos that credit unions have nurtured for years, but it faces a formidable challenge as device makers such as Apple and Samsung bake their own wallets into the hardware.

As consumers' tastes turn away from branches and toward mobile devices, some credit unions and banks are trying to replace the customer standby, the 800-number, with more modern communication media such as video chatting and SMS text.

They're not ready to go all-in by putting core processing in the cloud, but community banks are experimenting with hybrid and quasi-cloud arrangements that offer low costs and rapid deployment.

Two companies have partnered to serve the rapidly expanding mobile personal finance and remittance markets in Africa and Asia.

Checking balances or statements and viewing transactions are the most widely used features, a new study finds.

Global e-commerce and payment solutions provider Mozido has acquired a majority of NettCash, a Zimbabwe-based mobile wallet provider, to strengthen its foothold in Africa.

Payments technology is advancing so quickly on so many fronts that Spindle CEO Bill Clark is changing his requirements for hiring new sales staff.

For the first time, physical goods are the most purchased items on mobile devices, according to a recent report from Javelin Strategy and Research. But the bigger takeaway is what this means for bringing mobile payments into other channels.

Digital CU, which created the DCU Center of Excellence in Financial Services, teamed up with Boston-based co-working firm Workbar, to give Fintech startups the tools, space — and yes, some capital — to do what they do best: innovate.

NCR has launched a new tablet-based point-of-sale device aimed at minimizing security risks for the merchants that use it.

Ashley Madison, an online extramarital dating service that claims to protect users’ privacy and security, has had its customer database compromised.

So-called 'innovation labs' are cropping up all over, but few can boast the kind of real world results that have led to changes to state laws, programs that save CUs countless dollars and help attract new members along the way. But this one can.

Ashley Madison, an online extramarital dating service that claims to protect users' privacy and security, has had its customer database compromised.

PayPal Holdings Inc. made its stock debut with a market value almost 1.4 times that of eBay Inc. as investors bet on bigger returns from the digital payments business than its former parent company struggling with slow growth.

One of the areas where Uber has raised the bar for customer experiences is in payments.