Total System Services Inc. (TSYS) announced Friday after the stock market closed that Pamela A. Joseph, the processor’s president and chief operating officer, had resigned from her positions and as a member of TSYS’s board of directors, effective Sept. 30. The resignation triggered speculation about the company’s future and apparently …

Fraud-related expenses for merchants are rising as a percentage of revenues, and merchants now spend 10 times as much preventing fraud as they lose to chargebacks, according to new findings from Javelin Strategy & Research. Pleasanton, Calif.-based Javelin says its June study of 497 e-commerce merchants found that merchants in …

Payment-security technology provider Gemalto NV reported Wednesday that, around the world, some 1.9 billion records were compromised by data breaches in 2017’s first half, up 164% from 721 million records compromised in the last six months of 2016. The outlook for 2017’s second half is grim in light of the …

A large portion of Apple Inc.’s customers spurn facial biometrics, a key security element in Apple’s new iPhone X, according to new research. Survey results from United Kingdom-based Juniper Research say that more than 40% of users of Apple’s mobile devices in the U.S. consider themselves unlikely to use facial …

Prepaid cards are still popular with Americans, but not quite as popular as in some recent years, according to new findings from Mercator Advisory Group Inc. A Mercator online survey of 3,011 U.S. adults in June found that 56% of respondents had purchased a prepaid card in the preceding 12 …

One advantage in providing merchant-acquiring services to 3.6 million U.S. locations is that First Data Corp. has a unique read on how major disasters such as hurricanes affect consumer spending. Statistics from the Atlanta-based processor show that spending spiked in the Miami area just before Hurricane Irma made landfall in …

The Apple Pay mobile-payments service got only a few brief mentions in a nearly two-hour presentation Tuesday afternoon in which Apple Inc. executives introduced the latest versions of their 10-year-old iPhone and other new products. But what they did say could change payment security because the new iPhone X will …

Americans and Australians are using ATMs less than they did two years ago, while British adults are the biggest and most frequent users of the machines that debuted 50 years ago in their country. But Americans are more willing than their English-speaking compatriots to pay ATM fees. Those are some …

Patents usually get the most attention when a person or company files for one, but the one held by Amazon.com Inc. for single-click buying that is set to expire Tuesday is generating plenty of buzz about how much, if at all, e-commerce will change when it’s gone. Granted by the …

Square Inc. will apply for a Utah industrial bank charter today, a move that will extend the merchant processor’s move into lending and one which could draw the opposition of banks. The bank will be capitalized with $56 million, according to The Wall Street Journal. The financial operation will be …