A variant of a skimming device called a “shimmer,” which steals EMV chip card data, has been found on an ATM in Mexico, raising security questions as the United States converts to the EMV standard. The shimmer incident was first disclosed Tuesday by security reporter Brian Krebs of the KrebsOnSecurity …

By John Stewart At Infinite Peripherals Inc., there’s nothing peripheral about the mobile point of sale. The Elk Grove Village, Ill.-based company, whose stock in trade is not the mobile device but just about anything that can be connected to it, is growing rapidly in tandem with the soaring popularity …

XpressBuy Inc., developer of a buy button that can be used on the Web, in social networks, apps, and emails, says four of the largest e-commerce platforms have integrated its technology into their systems. Retailers using Demandware Inc., IBM Corp.’s WebSphere Commerce, Shopify Inc., and eBay Inc.’s Magento now can …

Credit card fraud in the United States is at epidemic levels. Last year, the U.S. accounted for more fraud than the rest of the world combined. And the fraud rates are accelerating. EMV technology, which has shown to greatly reduce in-store fraud in Europe, is finally being rolled out in the …

A new survey shows users of remote deposit capture overwhelmingly say the benefits of the service far outweigh its risks and costs. Other recent surveys by RemoteDepositCapture.com, a news and information clearinghouse, reveal the cost benefits users assign to the service and show that many users take weeks to destroy …

The broader business of point-of-sale technology has many concerns that include payments but aren’t limited to that function. These days, though, it may seem that payments—and especially EMV—is all this business talks about. This was certainly the case this week at RetailNOW, a four-day conference in Orlando, Fla., produced by …

A federal appellate court on Tuesday reinstated a proposed class-action lawsuit over ATM pricing rules that independent ATM operators and consumers filed against Visa Inc. and MasterCard Inc. in 2011 but a district court dismissed in 2013. The ruling originated with three lawsuits filed by the National ATM Council Inc., …

By Jim Daly Citing what they say were improper communications between two lawyers on opposing sides of a $5.7 billion settlement between merchants and Visa Inc. and MasterCard Inc., attorneys for a group of about 30 merchants gave notice to the networks Tuesday that they want to have the settlement …

You may have heard the term, “friendly fraud.” It’s no surprise, then, that there’s nothing friendly about it. And it’s quickly becoming a major problem for merchants across the globe. Friendly fraud, also called friendly-fraud chargebacks or cyber-shoplifting, occurs when a customer makes a purchase online and then files a …

Mobile peer-to-peer transfer has led to ubiquitous, real-time payment in a social context. But can anyone make any money in this business? Nobody can say for sure when the first electronic person-to-person payment took place, but payments historians are pretty sure they can pinpoint the first official P2P transfer using …