On Capitol Hill, retailers urge adoption of PIN-based cards

March 26, 2014

The National Retail Federation told the Senate today that it's time for an overhaul of the nation's fraud-prone credit and debit card system, saying banks…

Infinite Peripherals approved by Visa Ready

March 26, 2014

Infinite Peripherals, a developer of mobile point-of-sale devices, announced that it has been approved by the Visa Ready program, which indicates that the…

Merchant Warehouse acquires gift, loyalty provider Opticard

March 26, 2014

Merchant Warehouse, a provider of payment technologies, has announced the acquisition of Opticard, a provider of gift and loyalty programs for organizations…

IRS rules virtual currencies are property

March 26, 2014

The Internal Revenue Service Tuesday issued a notice that virtual currency is treated as property for U.S. federal tax purposes.

ECB says virtual currencies can't be ignored

March 25, 2014

Virtual currency schemes should not be ignored or dismissed as they continue to become more popular worldwide, a member of the European Central Bank's…

Appeals court upholds Federal Reserve's 21-cent debit card swipe fee cap

March 21, 2014

A federal appeals court has today handed down a ruling in a back-and-forth drama that grew out of the 2010 Dodd-Frank Consumer Protection and Wall Street…

Wincor Nixdorf to use MEI banknote recycling systems in retail checkout lanes

March 21, 2014

Wincor Nixdorf is to use the MEI BNR banknote recycling system in its retail payment terminals.

Mobile POS set to grow 95 percent worldwide in 2014

March 21, 2014

The adoption of mobile devices for POS transactions is exploding worldwide, as retailers and consumers alike get more accustomed to retailers asking for…

Most Americans hold retailers responsible for data breaches

March 19, 2014

Security software firm Feedzai has announced the results of its nationwide survey of U.S. adults, which found that 60 percent of those who knew about data…

Report says Target knew about the data breach, but did nothing

The retailer had a working anti-malware system in place before the breach, but it was ignored.

Harsh winter weather continued to subdue consumer spending growth in February

March 12, 2014

First Data Corp. has released its First Data SpendTrend analysis for Feb. 1, 2014, through Feb. 28, 2014, compared with Feb. 1, 2013, through Feb. 28, 2013.

SecureBuy gets Canadian patent for signature capture tech

March 11, 2014

SecureBuy announced it has been granted intellectual property protection for its real-time, online biometric signature capture technology under Canadian patent…

CreditCall, skyauth provide mobile payments for Berlin pop-up stores

March 10, 2014

Skyauth has launched its mPOS service for short-term-retailers by signing up its first customers, eight pop-up stores in Berlin.

McAfee report details link between 'dark Web,' data breaches

March 10, 2014

The "McAfee Labs Threats Report: Fourth Quarter 2013," released today, highlights the ease of purchasing POS malware online, and of selling stolen credit card…

Visa, MasterCard unite to advance EMV migration

March 7, 2014

MasterCard and Visa have formed a new cross-industry group intended to increase payment system security, the companies announced today. Initially, the group…

NRF says PIN essential on new credit, debit cards

March 7, 2014

The National Retail Federation issued the following statement from Senior Vice President and General Counsel Mallory Duncan in response to today's announcement…

New PCI SSC e-learning program to focus on protecting data, preventing breaches

March 6, 2014

The PCI Security Standards Council has announced a new series of online training courses designed to help companies keep customer payment data secure and…

VeriFone wins 2014 MPE Award for mobile POS

March 5, 2014

VeriFone Systems Inc. has announced that it won the 2014 Merchant Payments Ecosystem Award in the mPOS category at MPE 2014 in Berlin. VeriFone was selected by…

Study: 38% of Americans have chucked checks

March 4, 2014

Asked how often they write personal checks, the most common response among Americans is "never" (37.8 percent), followed by "several times a month" (25.…

Overstock surpasses $1 million in Bitcoin sales

March 4, 2014

Overstock.com, Inc. announced it has sold over $1 million in product to Bitcoin users since the online shopping site started accepting the cryptocurrency on…