WASHINGTON — Sens. Thomas Carper, D-Del., and Sen. Roy Blunt, R-Missouri, introduced a bill this week that would establish national data security and notification standards.

Reports that Target is close to paying MasterCard nearly $20 million to reimburse credit unions and banks for the costs associated with the retailer's 2013 data breach is not good enough for one CU trade group.

Apple Pay may be just what the doctor ordered for health care payments, with its emphasis on both security and communication.

HSBC has informed New Hampshire's Attorney General of a compromise of some records of current and former mortgage customers of its HSBC Finance unit.

Just as the Apple Watch arrives to take over many of the functions of a fitness band, Jawbone has announced a new line of bracelets with payment features just like an Apple product.

As financial institutions worldwide move to cut off relationships with industries that regulators consider risky, the few banks that serve these businesses are charging hefty fees for basic services.

The number of merchants and vendors that care about addressing fraud and managing risk has decreased over the past year, as their attention drifts to the complexity of new payment systems.

In the payments’ context, establishing an inclusive process is easier said than done, since the majority of stakeholders interact with payment systems at the periphery without much awareness of its inner workings. While payments are often compared to a "plumbing system" or rails, it's actually more helpful to see the ecosystem as a "highway."

Several issuers use card controls to soothe consumer fears, and Discover is building on this foundation to engage consumers at the network level and encourage more frequent and sophisticated use of mobile devices.

The Payment Card Industry Security Standards Council released its 3.1 update to the industry's data security standards April 15 to address the payment data vulnerabilities of the Secure Sockets Layer encryption protocol.

Dozens of security reports come out every year; Verizon's annual Data Breach Investigations Report is the Farmer's Almanac of them, the one referred to in PowerPoint presentations throughout the year.

Google has scrapped and rebuilt pieces of its mobile wallet many times, and it looks like those years of tinkering are paying off as more merchants adopt Google Wallet.

MasterCard Inc. and Target Corp. are in talks about a settlement in which the retailer would pay banks about $20 million for costs they incurred in its 2013 data breach, a person familiar with the matter said.

After some delay — and the failure of an earlier project — Australia's New Payments Platform (NPP) is on track to go live sometime in 2017, as much as a year after its original goal.

Uber recently changed its model in India to more appropriately serve the local population, welcoming auto rickshaws and cash payments. But these changes are unlikely to tackle the bigger issues the ride-sharing service faces in the country.

With ample fueling from mobile transactions, the potential for converting point of sale data into CRM and marketing data is massive. But as full of potential as this merger is across all retail purchases, it's particularly strong down market—and the smaller the business, the better.

The restaurant chain Olive Garden will begin using Ziosk tablets to accept payments at the table starting next month.

Hackers are attacking companies with multiple motives and multiple attack vectors, the widely read annual security report finds. Phishing remains effective and cyber-threat sharing efforts need to speed up.

Two companies are working to make gift cards not only interactive, but almost self-aware.

Smart Communications Inc. has secured an issuing and acquiring license from Visa for its Smart e-Money electronic payment business in Southeast Asia.