Quick-service restaurant chain The Krystal Co., which has 342 locations in 10 Southeastern states, said it is in the early stages of “actively investigating a security incident” that may have compromised credit and debit card numbers used in payments at some of its stores from July through September.A. Wayne Johnson, …

The holidays are approaching, and with that annual shopping frenzy comes a yearly boost in gift card sales. As it turns out, though, most gift cards are likely to be plastic or paper rather than digital, according to consumer and small-business research released Thursday. While preference for digital cards is growing, …

The Shanghai-based UnionPay International payment network reported Monday that it now has 28 million accepting merchants outside of China and 120 million cards issued by non-mainland financial institutions since it launched its global business in 2004. But while UnionPay International now has a presence in 176 countries, with Chile and …

Fiserv Inc.’s acquisition of First Data Corp. this year was the first of a trio of big mergers that has made 2019 the year of the megadeals in payments. On Thursday, a key Fiserv executive close to the action explained how the $22-billion acquisition served as the capstone to a …

A new analysis says insurance companies are particularly vulnerable to e-commerce fraud, and a recent report says a second round of data breaches has occurred at cities that use the Click2Gov application for payment of utility bills, parking tickets, and related municipal payments. It’s practically an iron law that as …

Many payment executives regard the United States as a mature market compared with high-growth countries in Asia and Latin America, but it still has plenty of untapped opportunities, according to Mastercard Inc. executives. Its home country remains Mastercard’s largest market. As of 2018, the U.S. accounted for 33% of Mastercard’s …

With card-based transit payments picking up steam in the United States, a key Mastercard Inc. executive said Thursday that 22% of the network’s physical-world transactions globally were contactless as of the end of 2018. The time to complete a contactless transaction is down to 0.4 seconds, added Ajay Bhalla, president …

Mastercard Inc. said it will act as the clearing and settlement network for a cross-border payments service the company has agreed to develop with R3, a blockchain-software vendor.Some 74% of online transactions globally are for digital goods and services, with ride-share service and restaurant delivery ranking as the first and second most used …

Processor Stripe Inc. launched the Stripe Corporate Card, a Visa credit card that can be branded with the merchant’s logo. New merchants can get a card when they sign up for a Stripe account. In addition to 2% and 1% cash-back rewards, the card also offers $50,000 in free payment processing …

U.S. merchants added 600,000 locations for EMV chip card acceptance in 2019’s first six months, and Visa issuers cranked out an additional 10 million EMV payment cards, according to new figures from Visa Inc. In its latest update on the U.S. conversion from magnetic-stripe payment cards to the EMV chip …