Global Payments Inc. now confirms it is the source of the huge breach affecting cards carrying the major network brands (see story).

Fiserv's latest Consumer Trends Survey was conducted last August, here are a few of the findings.

This is an updated version of an article posted earlier on March 30.

WASHINGTON–The nation's capital is starting to pay attention to mobile payments. Whether that sharpening focus will help or hurt the industry's growth, however, remains an open question.

Yespay International Ltd. has added advanced encryption to its global card-payment service, the London-based company announced this week.

YGC, a Web-based debt management platform to place and manage inventory, audit accounts and analyze and optimize portfolio performance, will apply for a GSA Schedule and actively pursue federal contracts, the company announced.

BALTIMORE – Horsetail Technologies and Credit Union Journal have partnered to make an extraordinary offer that will result in one credit union receiving a $100,000 Extreme Network Makeover.

Forced to choose between making a payment on their credit card, car or mortgage, more cash-strapped consumers are opting to keep their wheels and let the plastic slide.

MALVERN, Penn. – Akcelerant Holdings, the provider of loan origination and collections software, said today it has acquired CU Data Miner, LLC, a Phoenix provider of business intelligence reporting customized for credit unions.

Location-based offers are a major selling point of mobile wallets, but one company recently told the feature to get lost.

PayPal Inc. has promoted David Marcus to be its president, effective April 2, the unit of eBay Inc. announced March 29.

Consumers in 2011 were more likely to pay their auto loans before their credit cards and mortgages, according to a TransUnion study.

With mobile-payment technology advancing seemingly at the speed of a mobile payment itself, one has to wonder how long it might be before consumers wouldn’t need, or even possess, plastic cards to conduct transactions.

The Federal Trade Commission testified Wednesday before Congress on its new privacy framework, which defines best practices for companies to protect consumer privacy.

M-Via has added free ATM cash withdrawals to its fee structure for Boom, a service for the unbanked to manage monetary accounts through mobile phones, the mobile-payment network provider announced March 27.

Led by new investor August Capital, ThreatMetrix Inc. has received $18 million in capital from it financing partners, the cybercrime prevention vendor announced March 27.

BALTIMORE – Horsetail Technologies and Credit Union Journal have partnered to make an extraordinary offer that will result in one credit union receiving a $100,000 Extreme Network Makeover.

Financial institutions in the Shazam electronic funds transfer network now may help their members with identity-theft recovery, a process that can be costly in both dollars and time.

MasterCard Worldwide plans to offer a new tool to help merchants mitigate the risk of fraud in online transactions.

The payments industry is seeing only the “first steps” of Near Field Communication development as a contactless-payment technology, so it stands to reason that lawsuits related to NFC patents would not be far behind.