Four Russians and a Ukrainian were charged in what prosecutors called the largest hacking and data breach scheme in U.S. history.

In what its president says could be a "watershed event" in the debate over EMV debit transactions, the Secure Remote Payment Council has softened its stance to welcome Visa and MasterCard applications on EMV-chip cards.

After forging new partnerships, MoneyGram International Inc.'s revenue rose 11%, to $365.1 million, in the second quarter from a year earlier.

The Dunkin' Donuts mobile payment app is "a continuing driver of sales" for the company, as more than 3 million customers have downloaded the app through the second quarter of 2013.

Vantiv's deal to buy Element Payment Services, combined with its purchase of Litle & Co. this year, accelerate the payment processor's move toward providing e-commerce and broader merchant services.

To combat the billions of dollars consumers lose in “gray charges,” or charges they are misled into paying, BillGuard has released an iOS mobile app.

Distressed homeowners are redefaulting in droves on loan modifications received through a government program, costing taxpayers billions and raising questions about the Treasury Department's oversight of mortgage servicers.

Fortumo Ltd., which provides mobile payments through carrier phone bills, has entered agreements with China Unicom and China Telecom.

The U.S. should follow the model that worked for the U.K. in its "seamless, coordinated" transition to the EMV-chip card standard seven years ago, Auriemma Consulting Group states in a new report.

Groupon has modified its Breadcrumb POS mobile payments app to allow it to handle payments even when the wireless signal cuts out. It was no easy feat.

Visa CEO Charlie Scharf responded to the retailer-backed Merchant Customer Exchange (MCX)'s recent moves in mobile payments by pointing to the growth of Visa's V.me digital wallet, its penetration among merchants, and the fact that MCX's wallet still hasn't launched.

SALT LAKE CITY – Deseret First FCU has deployed Alkami’s ORB digital banking solution.

MANCHESTER, N.H. – Bellwether Community CU has introduced eSignature, a technology that allows members to handle all the paperwork of a loan electronically.

Mobile wallet provider Lemon Inc. has begun providing the payment function that had been missing from its mobile wallet.

Jack Dorsey, the celebrity CEO of mobile payments company Square — who also has aspirations to one day be mayor of New York — was the inspiration for an upcoming graphic novel published by actress Alyssa Milano.

Citi Bike, a New York bike-rental initiative sponsored by Citigroup, disclosed a breach of payment card data.

U.K.-based mobile point of sale company iZettle now charges a range of 1.5% to 2.75% based on the merchant client's monthly volume.

London-based Kalixa Payments Group is offering consumers in Europe a mobile wallet based on DeviceFidelity's Near Field Communication technology.

John Lunn, global director of the PayPal Developer Network, details the recommitment the company's made to building and maintaining third-party developer tools since David Marcus become president of PayPal in March 2012.

FreedomPay has hired Rodney Bowen-Wright, a former Microsoft venture capital specialist, to be its chief business development officer.