Cybercrime ring uncovered in Brazil (Update)

A massive cybercrime ring in Brazil may have stolen billions of dollars from a widely used online payment system, a technology security company said.

S. Korea vows harsh penalties for data leaks

South Korean regulators Wednesday vowed harsh corporate penalties for data theft, as angry customers swamped credit card offices for a third day after 20 million people had their financial information stolen.

Smart card maker Gemalto reports record 2012 sales

The world's leading manufacturer of smart cards, Gemalto, posted on Thursday a 25-percent jump in 2012 net profit on record sales, and forecast double-digit growth for this year built on growth in the international mobile ...

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.

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.

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.

NEC launches portable terminal for electronic money payment

NEC Corporation announced today the launch of a new portable terminal for electronic money payment, the "Multi-Service Terminal / Portable," which enables retailers to conveniently expand the availability of electronic money ...

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