Visa, MasterCard scramble after massive data breach

Credit card giants Visa and MasterCard were scrambling on Friday to thwart cyber crooks who looted a massive trove of precious account data, evidently from a payment processor in New York.

PayPal fattens digital wallet

PayPal on Tuesday pulled out a revamped digital wallet service amid rumors it is poised to introduce a plug-in gizmo that will let small businesses accept credit card payments using smartphones.

Verizon reverses on $2 fee for one-time payments

(AP) -- After a customer backlash, Verizon Wireless on Friday dropped a plan to start charging $2 for every payment subscribers make over the phone or online with their credit or debit cards.

VeriFone signs taxi ad deal with NBC

(AP) -- Cab riders in New York and other big cities may soon be able to buy movie tickets and other items while in taxis, paying with the same system that charges credit cards for cab fare.

Virgin tycoon Branson invests in Square

Square, a start-up from a co-founder of Twitter, said Tuesday that Virgin tycoon Richard Branson has invested in the mobile payments company.

'Square' gives small US businesses an edge

Word is spreading quickly among small American businesses hustling to thrive in tough economic times -- hip young Internet payment service Square will give them an edge.

WikiLeaks auctions memorabilia to raise funds

Fancy a signed version of a WikiLeaks diplomatic cable, or a sachet of coffee smuggled out of jail by Julian Assange? Then the cash-strapped whistleblowing website has the auction for you.

Google wants to turn your smartphone into a wallet

In a Mountain View convenience store, Marc Freed-Finnegan carries a bottle of water up to the cashier, who scans it and announces the price. Freed-Finnegan touches his smartphone to a gray plastic sensor labeled "PayPass," ...

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