Acquirers consider the Payment Card Industry data security standards slightly more important as a source of revenue than as an approach to security, new survey data indicates.

In indictments unsealed this week, a federal grand jury accused a former collection agency worker and an accomplice with stealing debtors' personal information to defraud the federal government.

Cezar Butu of Romania, who pleaded guilty to taking part in hacking terminals at hundreds of U.S. Subway sandwich shops from 2009 to 2011, was sentenced this week to 21 months in prison.

Incumbents in most industries aren't big fans of innovation. History is replete with examples of entrenched companies fighting against advances in technology and the disruption it brings to their legacy business plans.

It's been more than two months since Lower Manhattan was engulfed by flood waters from Superstorm Sandy and many merchants are still without the ability to accept credit and debit cards.

PORTLAND, Ore. – Tyfone, a provider of mobile banking solutions, said it has signed with Cachet Financial Solutions to offer its credit union and bank customers Cachet’s mobile remote deposit capture

Incipio Technologies introduced its Cashwrap sleeve for Apple Inc. iPhones two years ago as a way for merchants to accept card payments in the same manner as a Square mobile reader.

InComm, the prepaid and transaction services company, purchased Giftango Corp. to expand its e-commerce gift card services.

The ZingCheckout iPad application is now available on the App Store with integration for PaySaber Clip, a USAePay mobile point of sale product.

Mozido LLC, having purchased PagoVision Inc., plans to expand its cloud-based digital wallet and financial services while more readily getting mobile products in front of unbanked consumers.

AJB Software Design Inc. plans to announce Friday its participation in the Visa POS Solutions Program (VPSP), which AJB says could allow it to link Visa's digital wallet, V.me, to the point of sale.

SAN ANTONIO – Alamo FCU has selected SIGNiX as its digital signature provider so members can sign documents online.

Heartland Payment Systems' payroll business got a shot in the arm when the company purchased Ovation Payroll at the end of December, and the payment processor's mobile commerce business stands to also get much bigger because of the acquisition.

Tenpay, a Chinese payment service provider, plans to use fraud management services from Visa's CyberSource unit.

A group of angel investors including SecondMarket founder Barry Silbert has invested $510,000 in BitPay, a firm that processes payments for merchants in the digital currency Bitcoin.

NORTH CANTON, Ohio – Diebold is rolling out the first ATM that includes integration with mobile devices via the cloud, allowing cardless transactions.

Total Merchant Services announced today that it has acquired Fanminder, a social and mobile marketing company based in San Francisco.

In touting the benefits of its plans to acquire Zipcar last week, Avis Budget Group said the $500 million deal will help it increase revenue and better manage its fleet of vehicles. The technology that powers the self-service hourly car rental service could also help Avis build critical mass for greater mobile payments adoption.

In North America, QR code-based mobile payment apps from Starbucks and LevelUp generate a code for each user, and the merchant scans the code to accept a payment. In Brazil, PicPay is flipping the model and making the consumer scan codes presented by the merchant.

The McDonald's at 6 Water St. in New York City has been shut down for more than two months, as it was one of the first buildings struck by surges of sea water from Hurricane Sandy. The ATM inside, if it still exists, has been inaccessible ever since. But the machine has shown up for weeks afterwards on some ATM locator smartphone apps, which did not notice the machine's absence in the immediate aftermath of the storm.