The Merchant Customer Exchange's mobile wallet is still taking form. The retailer-driven initiative hasn't even given its product a name in the year and a half it's been in development, but a steady stream of news about its technology and partnerships show what the fully assembled product might look like.

Target's cybersecurity staff urged the retailer to review the security of its payments system at least two months before hackers compromised its network, according to a report in The Wall Street Journal.

Data security is becoming a higher priority in board meetings at corporations, but IT teams are feeling the stress of implementing new security technology in addition to its various other tasks, a new Trustwave study says.

Silicon Valley Bank and MasterCard are introducing a commerce startup accelerator to help companies in the payments industry address their operational and technological challenges.

A bank-owned payment organization in Hong Kong will use technology from Gemalto to help it create a Near Field Communications mobile payments service.

Orange has launched its Orange Cash mobile contactless payments system this week in two French cities.

A new security update on PayPal's mobile application aims to prevent fraudsters from taking over customer accounts.

High-tech credit cards have often been a tough sell because of their cost and complexity, but two companies are pushing two very different approaches that they hope hold enough appeal to consumers to outweigh the up to $100 fee for the cardholder.

Shopping and banking on a mobile device has always been clunky, as processes designed for a full screen and keyboard have often been crushed inelegantly to fit a smartphone's much smaller screen.

Legislators want data brokers to be accountable regarding information they collect and sell. Proposed bill seeks to prevent brokers from identifying consumers who are financially at risk.

A new report from Moody's suggests that roughly a dozen regional banks are at risk of sustaining meaningful credit losses on home equity lines of credit that were originated in the boom years and are scheduled to reset over the next three years.

Square's plans to install payments technology in Whole Foods stores will not hurt the processor Vantiv, CEO Charles Drucker contends.

Square Inc. has introduced a new feature to its Square Cash person-to-person payment system, allowing users to request payments from a group of people or an individual.

Commuters in New York's Nassau County will soon be able to pay their bus fares with a smartphone app.

When the Fast IDentity Alliance was established in 2012 to develop stronger e-commerce security, founding member Nok Nok Labs was already building the foundation for its authentication standard.

Retail and financial services trade groups have launched a new partnership aimed at improving cybersecurity across both industries.

Payments service provider Yapital has integrated Bluetooth Low Energy (BLE) wireless technology into its portfolio, enabling a range of new proximity payments and location-based services.

The Bitcoin community is in limbo after two big exchanges halted withdrawals due to a technical feature within the Bitcoin protocol that allowed fraudsters to manipulate transaction IDs.

Gilbarco Veeder-Root plans to develop a fueling and marketing system the leverages location-based and mobile technology, relying on Bluetooth beacons from Qualcomm.

The Merchant Customer Exchange, a retailer-driven mobile commerce initiative, announced a partnership that sheds some more light on how its mobile wallet will eventually look.