If Target can't protect itself from a data breach, how can any retailer hope to do so?

HARRISBURG, Pa. -- With Target reporting that its stores have been hit with a massive credit and debit card attack involving up to 40 million accounts, credit unions across the nation are moving to inform their members and gather more information on the security breach.

PayPal's corporate parent eBay has completed its $800 million acquisition of Braintree.

Target has confirmed the compromise of the credit and debit card data of 40 million Target shoppers and says the problem has been identified and resolved. However, thieves are selling the card account information as fast as they can on underground sites, according to security blogger and expert Brian Krebs.

Ellen Richey has become the new chief legal officer at Visa, where she will be responsible for legal functions as well as oversight of the card network's compliance and audit teams.

Retail giant Target confirmed Thursday morning that the credit and debit card data of 40 million of its shoppers has been compromised. The company says the problem has been identified and resolved.

MasterCard, eServGlobal and Bics have formed HomeSend, a joint venture that allows consumers to send money to and from mobile money accounts, cards, bank accounts or cash outlets.

La Caixa Bank says it will soon launch the largest mobile payment venture in Europe, once again placing the bank at the center of a major European payments initiative.

Oink, which was previously called Virtual Piggy, is ready to expand its youth-oriented online payments business to include merchants with a physical presence.

Retailer Target is investigating a massive data breach that may have affected the card data of millions of bank customers, according to security blogger Brian Krebs.

Retailer Target Corp. is investigating a massive data breach that may have affected the card data of millions of bank customers, according to security blogger Brian Krebs. The breach of credit and debit card records is said to have begun on or around Black Friday 2013, the day after Thanksgiving.

Jerome Cle has stepped down as CEO of SCCP Group. He will remain active as a board member and strategic advisor to the mobile payment technology provider.

Epay, a prepaid product provider and distribution network, is now offering its digital gift card through PayPal's Digital Gift store, which launched in early December.

Data through November, released Tuesday by S&P Dow Jones Indices and Experian for the S&P/Experian Consumer Credit Default Indices, showed stability in national default rates.

Long before personal financial management websites like Mint ever existed, credit unions and banks began offering holiday-related products meant to remove mental math from gift giving and travel expenses on a tight budget.

E-commerce site Snapdeal will launch its own payment gateway to serve Indian merchants and consumers within the next few months, aiming to reduce consumers' use of paper cash.

A long winter delay at an airport is a perfect opportunity for the businesses that operate there. And especially during the holiday season, NCR Corp. aims to make sure airport merchants are properly equipped to handle payments for harried travelers.

The spread of Bitcoins is now prompting regulators in Scandinavia to draft new rules in an effort to prevent virtual money from slipping into a legal gray zone.

Conductors on the Eurostar high-speed train service in Europe are using iZettle chip and PIN mobile card readers to accept payments from passengers seeking an upgrade in travel class.

German smart card testing company Comprion will use a robotic arm to simulate use cases of Near Field Communication technology, which is used in some contactless and mobile payment schemes.