Leading card processor First Data Corp. on Friday found itself cast as the villain in the bankruptcy of Denver-based Frontier Airlines Holdings Inc., which claimed it sought Chapter 11 reorganization in order to prevent its card processor, First Data Corp., from increasing the so-called “holdback” on card charges and thereby …

VeriFone Holdings Inc., a major terminal manufacturer, is entering the burgeoning business of card-data security with a product it says will secure cardholder information from the instant the card is swiped. The product, VeriShield Protect, was announced on Wednesday and encrypts mag-stripe data and the personal account number for the …

Debit is where the transaction growth is, and now MasterCard Inc. is positioning itself at the center of the action with a new debit-processing platform for card issuers that it calls Integrated Processing Solutions. IPS handles everything from ATM and signature- and PIN-based debit card transactions to prepaid cards?and it …

Fraudsters planted so-called malware, or malicious software, on servers at about 300 supermarkets in or affiliated with the Hannaford Bros. Inc. supermarket chain and with it were able to steal credit and debit card data, according to a letter from a Hannaford attorney to Massachusetts officials. The thefts happened even …

News of the first big data breach of 2008 broke Monday afternoon when Scarborough, Maine-based grocery chain Hannaford Bros. Co. acknowledged a data intrusion into its computer network that resulted in the theft of a reported 4.2 million customer credit and debit card numbers. The disclosure came only after the …

Talks under way between processor First Data Corp. and banking giant JPMorgan Chase & Co. indicate Chase Paymentech Solutions LLC, the world's largest merchant acquirer, might be split between its two owners, according to documents filed this week with the Securities and Exchange Commission. Greenwood Village, Colo.-based First Data, which …

With its announcement on Thursday that it is working with a U.K. provider to enable mobile access to credit card accounts in the U.S., Total System Services Inc. (TSYS) has joined rival payments processors First Data Corp. and Metavante Corp. in entering the nascent but highly promising business of mobile …

The already-delayed $7.8 billion buyout of Alliance Data Systems Corp. by private-equity firm The Blackstone Group may not be consummated, the Dallas-based payment processor disclosed on Monday. The news sent Alliance Data's shares down 34% and fueled speculation that the deal announced last May 17 would become the latest victim …

With its latest pilot for near-field communication (NFC) technology, which was announced on Monday and got under way last Thursday with select U.S. Bancorp credit card holders in Spokane, Wash., MasterCard Worldwide is testing a streamlined version of handset personalization it hopes will make it easier for consumers to adopt …

U.S. Bancorp's Nova Information Services Inc. merchant-acquiring subsidiary is diving headfirst into the increasingly competitive payment-gateway business with its pending acquisition of Southern DataComm Inc., a gateway with a big presence in the hospitality sector. Largo, Fla.-based Southern DataComm handles an estimated $50 billion-plus in annualized payment volume, according to …