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 …

  Fidelity National Information Services Inc. (FIS) on Monday rolled out its entry in the person-to-person payments sweepstakes and, as with other providers in recent months, its service offers real-time settlement. Indeed, People Pay—the name FIS has given its new P2P service—is built on the PayNet network the company introduced …

New Visa Inc. chief executive Charles W. Scharf used his first earnings conference call with analysts Wednesday to offer an olive branch to U.S. merchants. Scharf’s comments came on the heels of an earnings and operational report for fiscal 2013’s first quarter that show strong U.S. Visa credit card growth …

Now that the debit card interchange controls mandated by the Durbin Amendment have been in place for nearly a year-and-a-half, observers have decided to check in on the small financial institutions exempted by Durbin to see whether their fears about the law have been proven by experience. You may recall …

Despite the nearly universal opinion that near-field communication (NFC) is a high-capacity, fast, and secure technology for mobile payments, it isn’t exactly winning popularity contests. Mobile-payments leaders PayPal Inc., Square Inc., and Starbucks Corp., along with many other industry players, use other technologies, often quick-response (QR) codes or other 2-D …

Peter Lucas The card networks’ gambit to rapidly accelerate EMV terminal rollout by waiving PCI compliance reporting for merchants is falling short. Sometimes what looks to be a great deal is not all it’s cracked up to be. Offers by the payment card networks to accelerate the U.S. deployment of …

Lauri Giesen Will PIN debit for online transactions ever take off? Some backers are hopeful for this year, but others argue the Durbin Amendment and alternative technologies—like mobile payments—could make PIN debit irrelevant for e-commerce.Time was, the case for online retailers to accept debit card transactions secured with a PIN …

The gift card, the bedrock of the prepaid card world, is increasingly taking on a digital form, cutting costs for merchants and adding to convenience for mobile-phone-wielding customers. But hold the obituaries for plastic. By Lauri Giesen One of the fastest-growing payment cards isn’t really a plastic card at all. …

How banks and credit unions handle card payments from mobile devices will determine whether they remain relevant in the battle for mobile payments, says Dave Keenan. Using integrated networks, banks can create a branded mobile-payments hub to enable consumers to make payments on their own terms across all channels and …

The good news for prepaid card program manager Green Dot Corp. in the fourth quarter: purchase volumes, revenues, and active cards all increased. The bad news: American Express Co.’s new Bluebird prepaid card now being sold at Wal-Mart Stores Inc.’s U.S. stores is taking some business from Green Dot’s own …