By Jim Daly President Barack Obama on Friday signed an executive order committing the federal government to offer and accept Europay-MasterCard-Visa- (EMV) chip cards. A retailer trade group quickly praised Obama for endorsing the chip-and-PIN variety of EMV when others in the payment card industry would make do with chip-and-signature …

David Douglas Stone Looking for an early sign of success for mobile commerce? Check out the linkage of digital gift cards and mobile devices. To say that “mobile payments” is the pervasive buzz phrase du jour would be an understatement. The mobile-payments ecosystem is getting more complex, not less, and …

Google Inc. late on Tuesday announced a solution for a security flaw in its mobile wallet that allows hackers to gain access to wallet owners’ prepaid accounts. Google also said it had, on Monday afternoon, restored the ability to load funds on new prepaid cards. In response to the flaw, …

  By Karen Epper Hoffman   A technique that allows consumers to capture card information with PC or mobile-phone cameras could make for faster, more secure transactions. Is anything wrong with this picture?       A picture may be worth a thousand words, but is a picture also the …

Hypercom Corp. and the McDonnell Group are forming a joint venture to deliver high speed transaction transport services worldwide. The venture, which will acquire and operate Hypercom's 5-year-old HBNet transaction-transport service, will be called Phoenix Managed Networks LLC and will be headed by John (Jack) McDonnell, founder and former chief …

The concept of using so-called smart phones as mobile credit card terminals started getting headlines less than a year ago, and the experience of one independent sales organization that has developed software applications for the mobile devices shows just how rapidly handsets like iPhones and BlackBerrys are taking root in …