Trustwave Holdings Inc., the leading provider of Payment Card Industry data-security standard (PCI) services to merchants, on Monday became the target of a lawsuit arising from the massive data breach at Target Corp. The suit, filed in U.S. District Court in Chicago by two banks, claims negligence on the part …

Hoping to build off its security reputation, The Brink’s Company announced Tuesday it launched Brink’s Checkout, an e-commerce payment service in conjunction with 2Checkout.com Inc., an e-commerce payment-services company. The famed armored-car company will market and sell Brink’s Checkout, while 2Checkout will provide the payment processing, oversee the merchant application …

Karen Epper Hoffman After a major failure several years ago, biometrics is enjoying a renaissance in payments. As usual these days, mobile has a lot to do with it. So does the fear of fraud. Think of it as an authentication trinity—what you have, what you know, what you are. …

Gideon Samid • Gideon@BitMint.com Whether you like Oba- ma­care or you want it repealed, you must agree that health-care payments are a major issue in need of fixing. One-seventh of the U.S. economy is stuck with choking complexity, only highlighted by the pathetic collapse of the Obamacare Web site that, …

Elizabeth Whalen As remote deposit capture’s popularity soars, so does the opportunity for duplicate deposits. And the problems multiply when more than one bank is involved. As remote deposit capture (RDC) grows in popularity among depositors for its convenience and among banks for its potential cost savings, a downside is …

Peter Lucas The sluggish progress of near-field communication in payments has TSMs looking to extend their services to cloud-based wallets and beyond. Consider the plight of the trusted service manager. Its fate is closely tied to mobile payments that use a form of short-range, interactive radio-wave exchange called near-field communication …

Peter Lucas Consumer frustration with checkout threatens to dampen the mobile-payments boom. Technology to the rescue? When it comes to shopping, mobile devices have untethered online consumers from the constraints of desktop and laptop computers. New York-based market-research firm eMarketer Inc. projects that this year alone sales initiated by mobile …

  Financially motivated cybercrime accounted for 75% of data breaches in 2012, with state-affiliated espionage campaigns aimed at stealing intellectual property ranking second at 20%, according to the Verizon 2013 Data Breach Investigations Report released on Tuesday. In 2012, breaches affecting financial organizations accounted for 37% of the total, followed …

  The pending acquisition of the processing business of NEBA (formerly the New England Bankcard Association), a Wakefield, Mass.-based bank card issuing and merchant-acquiring association, by processor Primax will mark the end of an era. Founded in 1969, NEBA is the last of the 12 original regional processing associations for …

  Fraudsters are turning their attention to e-commerce sites, continuing to improve the malware they use to find and harvest payment card data, and sensing opportunity in mobile devices, according to the latest annual data-breach report by Trustwave Holdings Inc. Chicago-based Trustwave, a leading data-forensics investigator and security vendor, based …