A massive cyber offensive in which millions of dollars were stolen from two Middle Eastern banks through ATMs in dozens of countries could have been prevented had better security controls been in place at the card processors, the ATMs and the banks involved, observers say. The security lapses could lead to legal liability for many of the companies duped in the process.

LinkPOS, an iPad point of sale app provider, is using Merchant Warehouse's Genius customer engagement platform to increased payment acceptance and mobile functionality.

The Federal Trade Commission began mailing checks totaling $1.7 million to 22,764 consumers who were defrauded by a group that used Web sites to falsely claim they could help consumers receive free government grant money.

Facebook Connect is an increasingly prevalent way for Internet users to skip registration for other websites by using their Facebook credentials instead — and to WePay, it's also a tool for fighting payment fraud.

Google is not including a physical payments card as part of its mobile wallet, at least for the immediate future, according to the tech news site allthingsd.com.

The traditional money networks, our financial institutions and our banking system, have undergone a slow, ineffective and disjointed evolution.

The masterminds behind the recent crime spree that netted $45 million in fraudulent ATM withdrawals focused their attention on prepaid cards, highlighting yet another risk banks face when offering such products.

Through a partnership with Bitcoin payment processor BitPay Inc., Gyft now accepts bitcoins for its mobile gift card product. This extends the virtual currency's reach to more than 50,000 retail locations.

The U.S. Government has charged eight people in a cyber-scheme that prosecutors say used stolen prepaid debit card data to drain millions of dollars from two banks in a matter of hours.

MasterCard delivered its biggest commitment to financial inclusion to date, announcing the rollout of 13 million smart cards that would also serve as national identity cards for Nigerians.

Southwest Airlines, Pacific Convenience & Fuels LLC, RaceTrac and Brinker International Inc. have joined the retailer-driven effort to establish a mobile wallet for merchants and consumers, the Irving, Texas-based MCX announced May 9. Brinker is the parent company of Chili’s Grill & Bar and Maggiano’s Little Italy.

MDPromptPay is offering a negotiation service that combines users' medical expenses to build negotiation leverage for healthcare payments.

The FTC testified before a Senate Commerce subcommittee on a recent study examining the accuracy of credit reports, and the agency’s efforts to improve accuracy through enforcement and education.

Near Field Communication technology has many detractors, yet it continues to advance as a mobile payments instrument. Banks should thus view NFC as an opportunity to ensure they stay relevant to customers' payments, according to a new Celent report.

Advantage Refreshments knows its vending machines look just like those operated by rivals, so it's trying to attract repeat business with a loyalty program from payments hardware maker USA Technologies.

Koupah, which is providing a new point of sale card acceptance tablet, aims to offset credit card transaction fees with ads.

Osama Bedier, Google’s vice president of wallet and payments, is leaving Google.

COLUMBUS, Ohio – Telhio CU has introduced the AskAuto smart phone car-buying application to its members.

DALLAS – Credit Union of Texas said it has chosen Ultimate Software’s cloud-based UltiPro solution to consolidate HR processes, deliver better and faster reporting, and improve accuracy of workforce information.

Square Inc. hired Demetrios Marantis, a former Obama administration trade official, in a move to strengthen its international relations for possible future expansion.