Dmitriy Smilianets, 29, appeared Aug. 12 in federal court in Newark, N.J., where prosecutors said July 26 he was indicted with three other Russians and a Ukrainian. They are accused of hacking 17 retailers, financial institutions and payment processors, including 7-Eleven Inc., Nasdaq OMX Group Inc., Carrefour SA and J.C. Penney Co., to steal more than 160 million credit- and debit-card numbers.

PayPal offers no shortage of choices for loading their accounts, including Green Dot, MoneyGram, Coinstar and its own My Cash Card — but are consumers using them?

In the race to provide consumers with identity verification tools that are simple and easy to use, it's in everyone's best interest to ensure that businesses are not sacrificing data security in the process.

The New York State Department of Financial Services issued subpoenas to 22 emerging payments players, including many that handle the digital currency Bitcoin, demonstrating that new payments models have not yet found their place in the eyes of the law.

Chase Card Services says it will stick with the Isis mobile wallet venture as it prepares for a national rollout after nearly 10 months of testing. In doing so, the JPMorgan Chase unit also gives its endorsement to Isis' model of using Near Field Communication for contactless payments.

VeriFone has begun outfitting on-board payments systems on New York City's new street-hail livery cars.

Heartland School Solutions has launched mySchoolBucks, a mobile app that provides parents access to their children’s school related payments.

Canadian-based cooperative financial group Desjardins has reached an agreement with mobile technology provider Monitise to develop and deploy Near Field Communication-based mobile payments.

Business for debt collectors in Spain, where the industry is barely regulated and uses methods mostly illegal in the U.S., has risen by an estimated 40% in the past five years.

Davis + Henderson Corp.'s acquisition of Harland Financial Solutions is a "big deal," simply because it involves so many credit unions using products supplied by the two companies, according to one analyst.

ID Analytics Inc. wants to make sure banks know when a fraudster has taken over an account and is trying to go wild with card payments or money transfers.

New York’s banking regulator issued subpoenoas to about two dozen companies associated with bitcoin as it looks into the virtual-currency industry, the Wall Street Journal reported, citing people familiar with the matter.

U.S. Bancorp, which is frequently an early mover in payments technology, is upgrading its approach to business payments.

ID Analytics Inc. wants to make sure banks know when a fraudster has taken over an account and is trying to go wild with card payments or money transfers.

PayPal co-founder Max Levchin is part of the team behind Glow, a fertility tracking service that uses a mobile app, crowdfunding and analysis to help women conceive children.

EMV chips improve security over magnetic-stripe cards, but they have not been easy to implement. Years ago, a Forrester analyst said "the U.S. is going to adopt EMV in about the same way the U.S. adopted the metric system — somewhere between kicking and screaming and not at all." What have been the biggest hurdles?

Blackbaud has added mobile payment capabilities intended for nonprofit and educational organizations to use at fundraising events.

The Payment Card Industry Security Standards Council is making its security standards available on a Russian-language microsite as part of a move to promote data security in Russia.

Consumer confidence rose last week to the highest mark in more than five years as Americans' views on personal finances, spending and the economy improved.

Samsung Wallet, an Android wallet app that largely resembles Apple's Passbook, is now available on the Google Play marketplace for Android smartphone apps.