The security vendor Trustwave has been accused of failing to identify security gaps at Target, according to a lawsuit filed by banks for damages suffered from the holiday season data breach.

?Target Corp., scheduled to testify tomorrow about a data breach affecting millions of customers, plans to tell lawmakers it had clues about the attack weeks before responding and is exploring why it took so long to react.

MasterCard has entered into a commercial agreement with Monitise that includes cooperative development and a plan by the card network to make a minority investment in the technology company.

The U.S. government will treat Bitcoin as property for tax purposes, applying rules it uses to govern stocks and barter transactions, the Internal Revenue Service said in its first substantive ruling on the issue.

Wirecard has integrated Host Card Emulation into its mobile wallet platform, enabling businesses to handle contactless mobile payments with fewer of the hurdles inherent to Near Field Communication payments.

Navy Federal Credit Union is promoting Square's mobile card reader and payment processing services to its small-business members.

LAKE MARY, Fla. — CFE FCU has selected Symitar's Episys system as its new core processing solution, replacing a system it had used for more than 30 years.

Boku Inc. is partnering with Sunhill Technologies to offer a mobile payment system for motorists in Europe to bill parking costs to their mobile phone account.

Breaking into the ultra-competitive credit card market requires time, money and creative thinking. Wells Fargo is behind on the first and isn't talking about the second, but is hoping that the third can make up the difference.

Target Corp.'s massive holiday-season data breach touched card issuers of all sizes, including banks as small as StonehamBank, which leveraged technology it refers to as a "digital" employee to manage and replace exposed cards.

Square is making all of its payment apps in available in Spanish in an effort to attract Latino merchants in the U.S.

Intuit says it is addressing a major concern of small businesses in offering a product to enable faster online payments by automating invoices generation and data entry.

Tera Group Inc. created a legal framework for Bitcoin swaps, which would let investors trade payments based on how the virtual currency performs against a real one.

Mobile payments company I Love Velvet has joined the Samsung Solutions Exchange, which provides business owners with tools and applications for Samsung devices.

Global payment services and money transfer company MoneyGram has extended its contract with the Post Office in the United Kingdom.

Alipay, created a decade ago as the payments unit for China's e-commerce giant Alibaba Group and since spun off, has established itself as a world leader in online and mobile payments.

Dublin-based gateway provider Realex Payments is working to make personal and business banking less expensive by offering payments-only banking services.

Innovation can come from unlikely places. Five years ago, few would have guessed that the most widely available mobile wallets would be developed by companies like Starbucks and Google, which built their names in completely different fields. Several more disruptors are joining the scene, with even weirder origins.

Visa is making its common application identifier available for Discover's Pulse debit network, marking the latest in a string of agreements that pave the way for EMV debit card acceptance in the U.S.

MasterCard has added China to the international roster of markets that accept the card network's MasterPass digital wallet.