Merchants accounting for two-thirds of Visa Inc.'s U.S. transaction volume have validated compliance with the Payment Card Industry data-security standard, or PCI, Visa reported on Tuesday. This latest report from Visa comes in the wake of a Dec. 31 deadline for so-called Level 2 merchants?mid-sized merchants that submit 1 million …

The trend toward acceptance of so-called alternative-payment products by online merchants is going strong and will likely continue for some time, driven largely by incentives for merchants and consumers alike and by ease of use, says Adam Cohen, principal at Brulant Inc., an interactive advertising agency in Cleveland. “I would …

Kiosk-based electronic bill payments got another boost this week when processor Fiserv Inc.'s CheckFreePay walk-in bill-pay unit announced a deal with Ready Credit Corp. that will make bill-pay services available to consumers using cash at Ready Credit's 55 ReadyStation self-service kiosks by early spring. The kiosks, which already allow consumers …

Biometric-authentication and loyalty-services technology provider Pay By Touch is in bankruptcy, has cut costs drastically, and is shopping some of its subsidiaries, but the company's former chief executive–who is now a member of the firm's newly constituted board of directors–says Pay By Touch is solid at its core. “This company …

Many consumers seem willing to use their cell phones or other mobile devices for in-store payments, but the majority wants to have only one credit or debit card account enabled for wireless payments, according to new findings from New York City-based technology research firm ABI Research. The preference for just …

TJX Cos. Inc. late on Tuesday said it has settled with three banking associations and three individual banks that sued the off-price retailer in the wake of a data breach that potentially compromised nearly 100 million credit and debit card numbers. That leaves just one Alabama community bank still in …

Some 3.6 million U.S. adults were victims of phishing attacks in the 12 months ending in August, losing an average of $886 apiece for an estimated total of $3.2 billion, according to a survey of more than 4,500 online users sponsored by Gartner Inc. Gartner, a technology research firm based …

At the stroke of a pen, Bill Me Later Inc. has not only become the sole third-party alternative payment vehicle accepted by the world's largest retailing Web site, but it also receives an injection of capital as that site, Amazon.com Inc., takes an undisclosed equity stake in the Timonium, Md.-based …

PIN debit transactions are growing significantly faster than signature debit payments. Checks processed electronically are approaching half of all checks paid. And transactions on the automated clearing house are growing faster than any other form of payment. These are among the more surprising results of the Federal Reserve's tri-annual payments …

The settlement The TJX Cos. and Visa Inc. announced Friday not only shows the retailer is well on its way to disposing of the myriad problems arising out the intrusion into its computer system that potentially compromised nearly 100 million credit and debit cards, but it also gives a rare …