The transition to an EMV-based payment card system in the United States could spur a long and sophisticated series of criminal attacks designed to separate consumers and banks from their funds. That’s one possible consequence, says Michael Bruemmer, vice president at Experian Information Solutions Inc.’s Data Breach Resolution group. “Cyber …

American Express Co. is offering new rewards and benefits for using one of its prepaid cards, but at a cost. The card brand and acquirer on Wednesday added a rewards program to its Serve card under the “Serve Cash Back” moniker. Serve Cash Back users, who pay $5.95 per month …

Visa Inc. has struck a settlement with Target Corp. that would reimburse Visa’s credit and debit card issuers up to $67 million for their expenses related to Target’s massive data breach in late 2013. Meanwhile, hackers who stole data from the Ashley Madison Web site have posted seven years of …

The debut of Samsung Pay in the United States is just a month away, but the ongoing migration of U.S. credit and debit cards to the EMV chip standard may already be eroding the nascent mobile-payment service’s unique advantage. Samsung Pay uses near-field communication (NFC) and, uniquely, a radio-frequency version …

By John Stewart Just 45 days to go until the Oct. 1 deadline for EMV in the United States, and among the issues over which merchants are still wrangling with banks is whether EMV chip cards should be universally issued with PINs—credit cards as well as debit. Merchant groups have …

By John Stewart A new service from Square Inc. that accelerates merchants’ access to their funds in return for a 1% fee is likely to gain popularity among the small sellers that primarily use Square for transaction processing, according to some observers. That may hand Square a key advantage in …

By Kevin Woodward San Francisco-based carrier-billing specialist Boku Inc. has bought mobile-payments provider mobileview Italia, Boku announced Thursday. The deal means Boku will provide carrier billing to more than 87 million mobile-carrier subscribers in Italy. Globally, Boku says its service, which enables consumers to make digital purchases using their wireless …

Samsung Electronics Co. Ltd. says its Samsung Pay mobile-payment service, which uses near-field communication and a radio-frequency version of magnetic-stripe data, will debut Sept. 28 in the United States. Some consumers with some Samsung smart-phone and tablet models will be able to participate in a test set to begin Aug. …

By John Stewart When First Data Corp. last month formally let the world know it intends to make an initial public offering of stock, the massive processor said it plans to use the IPO’s proceeds to reduce its big debt load. Some experts said this could free up capital so …

Corporate card stalwart American Express Co. says corporate cards it issues on behalf of U.S. employers now can be used with Apple Pay. AmEx says its portfolio is the first major corporate card file to be activated for Apple Inc.’s mobile-payment service. Apple Pay’s potential for additional spend with corporate …