PayPal to expand in Asia after mobile app launch

PayPal Asia-Pacific chief Rupert Keeley said Friday the US company plans to expand in the region over the next 12 to 18 months, after it launched the region's first payments service for smartphones.

Two Romanians plead guilty in US hacking case

Two Romanian nationals pleaded guilty Monday to charges stemming from a scheme to hack into and steal payment card data from hundreds of US merchants, officials said.

Seven charged in $6B online money laundering case

Calling it perhaps the biggest money laundering scheme in U.S. history, federal prosecutors charged seven people Tuesday with running what amounted to an online, underworld bank that handled $6 billion for drug dealers, child ...

Mobile-payment services draw more shoppers and merchants

The pay-by-phone crowd is growing at the checkout counter. More consumers are using their smartphones to pay for goods and services, and more companies are offering "mobile-payments" or "mobile-wallet" services.

Battle commences for 'mobile money'

Global financial groups battled Monday to control the lucrative future of "mobile money", which will enable people to use a smartphone to go shopping instead of cash and credit cards.

Indictment of card hacker unlikely to end thefts

(AP) -- This week's indictment of a hacker believed responsible for the biggest retail-store data breaches in U.S. history doesn't necessarily make shoppers safer from having their credit card numbers plundered.

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.

Cellphone trade show kicks off in New Orleans

(AP) -- CTIA Wireless, the U.S. cellphone phone industry's annual trade show that starts Tuesday, is drawing heavy participation not just from the cellphone industry, but from MasterCard, Visa, and other companies in the ...

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