The lazy, hazy days of summer appear to have no effect on cybercriminals. If anything, they seem to be emboldened to conduct more attacks.

Josh Rossi is best known for starting the first Satoshi Square, a gathering of Bitcoin enthusiasts who trade the virtual currency for cash in New York City's Union Square, in 2013. He has since brought his ideas to new companies and new parts of the world.

Square is seeking to gain about $200 million in funding, with part of that coming from the Government of Singapore Investment Corporation, according to CNBC.

According to Javelin Strategy & Research’s 2014 Identity Fraud Report, 13.1 million consumers became a victim of identity fraud in 2013—the second highest level on record. This means that 5% of the U.S. population is now being affected by identity fraud every year.

Jamie Topolski, the new director of alternative payment strategies for the Output Solutions division of Fiserv, expects that the U.S. migration to EMV will take as many as 10 years to complete.

Nacha, the electronic payments association, has stepped up scrutiny of the automated clearing house network in an attempt to weed out fraudulent charges.

Square Cash, a person-to-person payment service Square launched in October 2013, has been redesigned to become more useful as an app-based product.

DH Corporation said $120 million Four Points Federal Credit Union, Omaha, Neb., has chosen the company's UltraData Enterprise Core solution.

Online electronics retailer Newegg is now accepting bitcoin payments from Canadian customers.

Convenience store and gas station operator Mapco is using PayPal-funded mobile payments to keep motorists from straying to competitors' gas pumps.

The U.S. won a Dutch top court ruling allowing it to seek the extradition of a Russian man suspected of helping to lead a ring that hacked 17 companies including Nasdaq OMX Group Inc. and 7-Eleven Inc.

The U.S. won a Dutch top court ruling allowing it to seek the extradition of a Russian man suspected of helping to lead a ring that hacked 17 companies including Nasdaq OMX Group Inc. and 7-Eleven Inc.

Sequent has patented a payment system that allows merchants to simultaneously accept several types of cards with a single tap of a mobile device at the physical point of sale, with the goal of making mobile wallets more user-friendly.

PayPal, which dominated the e-commerce storyline a decade ago, now finds itself fighting to stay relevant as consumers shift their focus to the emerging mobile channel.

Nearly 20 years ago, Visa executives celebrated a milestone for the card brand's global VisaNet payments network. The system could finally handle 1,000 transaction messages per second.

Citigroup Inc. has begun signing up consumers to use Citi Wallet, which is based on MasterCard's MasterPass digital wallet.

Coin's ongoing public relations fiasco illustrates that startups—especially those that have crowdfunded money from prospective customers—need to be transparent about any hiccups in the development of their technology.

Swisscard AECS AG, the Zurich-based joint venture of Credit Suisse AG and American Express, has implemented Entersekt's 3D secure-based mobile security system, Transakt.

Payza, a payment processor and digital wallet provider based in London, has launched an eGift product for customers in the United States.

Since Google announced support for host card emulation (HCE) in Android KitKat 4.4 last year, the industry has been divided.