Security experts warn that the recently exposed case of widespread debit card fraud could jeopardize the growth of PIN debit. Debit card transactions secured by PINs have been growing by 20% or more annually in recent years, more than twice as fast as credit cards. “I think it is a …

The wild popularity of song downloads has not only helped make a case for micropayments processing, it has drawn wireless carriers into the market with the idea that consumers will pay significantly more than the standard online rate of 99 cents per track for the convenience of loading songs over …

A recruitment effort began today to find banks, billers, and merchants to participate in a pilot of a new system by which consumers would be able to make payments on the Internet through the automated clearing house. Sponsored by NACHA, the Herndon, Va.-based organization that sets rules for the ACH, …

A new form of automated clearing house payment that merchants could use to convert checks into electronic funds transfers could become a reality by September. A proposal from NACHA for so-called back-office conversion, which would allow businesses to collect consumer checks from points of sale and convert them later on …

The widening damage from the unfolding debit card hacking incident is challenging the conventional wisdom that PIN-based debit cards are inherently more secure than credit cards, which rely on signatures?though it still doesn't make a case for chip cards. That's according to one expert whose latest estimates are that this …

Google Inc., whose recent moves to create an online-payments service for use on some of its own platforms have stirred considerable speculation about its ambitions in electronic transactions, will launch a service soon that will compete with existing e-commerce payment marks like PayPal, says a source familiar with the matter. …

A new tactic has been discovered that lets fraudsters keep their online crimes going even as authorities are identifying and shutting down phishing sites. RSA Security Inc., whose RSA Cyota Anti-Fraud Command Center discovered the new tactic, says it is called a smart redirection attack and is intended to make …

In three out of four European consumer tests of mobile television, more than half of the users said they'd be willing to pay for TV content on their handhelds, according to pilot results released today by Nokia, whose phones were involved in all four pilots. The sums these participants said …

More banks are reissuing debit cards as suspect transactions pop up throughout the United States and other countries, according to media reports this week. Investigators believe many of the transactions could be related to a security breach at a merchant facility in California that happened late last year, but the …

In an indication of the rapid growth of image exchange, the nation's largest network reports its average daily volume soared 47.3% in February, to just over 1 million items, over the average in January. This represents the first time The Clearing House Payments Co. LLC's SVPCO unit has reached the …