With its long-expected initial public offering of stock fast approaching, MasterCard Inc. reported strong results for the first quarter and indicated it expects its stock to sell for between $40 and $43 per share. It also named six new directors who will join its board of directors after it becomes …

Seeking to remove a roadblock standing in the way to eventual mass consumer usage of mobile phones equipped with a form of contactless technology called near-field communication (NFC), MasterCard International this week unveiled a service that will allow cell-phone users to download their account data and other critical information to …

Shipments of contactless-payment transponders–the cards, keyfobs, and other devices consumers use to make radio-wave payments at the point of sale?will explode in 2006, reaching 45 million units, up from 13 million last year, according to ABI Research, an Oyster Bay, N.Y., research firm that follows radio-frequency-identification technology markets. Most of …

The country's largest image-exchange network reported today it handled more volume in the year's first quarter than it processed in all of 2005, while traffic reached new heights in March. Average daily volume at SVPCO's Image Payments Network, which links a dozen banks as well as the Federal Reserve for …

Authorities nabbed seven individuals this week as part of the U.S. Secret Service's newly disclosed Operation Rolling Stone undercover effort against cybercrime and payment card fraud, and more arrests are expected, a Secret Service spokesperson tells Digital Transactions News. Though the Secret Service is being cautious about releasing details of …

Few people know First Data Corp. better than David P. Bailis. Starting in 1989, he worked on everything from health-care payments to e-commerce and held titles as diverse as general counsel and chief administrative officer. He retired in 2001 to dabble in his own financial-services consulting businesses. But he came …

The widening damage from the unfolding debit card hacking incident is challenging the conventional wisdom that PIN-based debit cards are inherently more secure than credit cards, which rely on signatures?though it still doesn't make a case for chip cards. That's according to one expert whose latest estimates are that this …

A new tactic has been discovered that lets fraudsters keep their online crimes going even as authorities are identifying and shutting down phishing sites. RSA Security Inc., whose RSA Cyota Anti-Fraud Command Center discovered the new tactic, says it is called a smart redirection attack and is intended to make …

More banks are reissuing debit cards as suspect transactions pop up throughout the United States and other countries, according to media reports this week. Investigators believe many of the transactions could be related to a security breach at a merchant facility in California that happened late last year, but the …

In an indication of the rapid growth of image exchange, the nation's largest network reports its average daily volume soared 47.3% in February, to just over 1 million items, over the average in January. This represents the first time The Clearing House Payments Co. LLC's SVPCO unit has reached the …