A lot of companies, especially when first faced with fighting fraud, approach the problem as if they are fighting a dragon but fighting fraud is a lot more like fighting zombies.
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MCX, developer of the merchant-led mobile payments initiative CurrentC currently in pilot with merchants around the U.S., acknowledged yesterday it's systems had been compromised.
The emerging trend of fitness wearables, taking friction out of payment transactions and melted chocolate coalesced into a startup that hopes you never have to take a wallet—or a phone—out of your pocket to pay for things ever again.
Credit cards remain the most popular way for U.S. consumers to pay online, according to the most recent edition of a payments benchmarking report from payments processor TSYS.
Staples, the Framingham, Mass.-based office supply retailing giant, has confirmed it is investigating a "potential issue involving credit card data and has contacted law enforcement," according to published reports.
D.J. Murphy, Editor-in-Chief
To help capture the Android market, SimplyTapp developed a workaround that enables a mobile app to access payment details stored in the cloud called Host Card Emulation (HCE).
U.S. President Barack Obama signed an executive order on Friday that will require all credit cards issued to government employees used for official purchases to be equipped with Chip-and-PIN technology.
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