banks

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Breach Hits Card Processor Global Payments

Robin Sidel and Andrew R. Johnson, Reporters, The Wall Street Journal in News on March 30 at 9:24 am PT

Global Payments Inc., which processes credit cards and debit cards for banks and merchants, has been hit by a security breach that has put some 50,000 cardholders at risk, according to people with knowledge of the situation.

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Retailers Join Payment Chase

Robin Sidel, Reporter, The Wall Street Journal in Commerce on March 1 at 4:20 pm PT

Wal-Mart Stores Inc. and Target Corp. are among roughly two dozen retailers working together to develop a mobile-payments system to compete with similar products from Google Inc. and big cellphone companies, according to people with direct knowledge of the project.

Google’s Head of Consumer Payments, Vikas Gupta, Resigns

Tricia Duryee in Commerce on January 26 at 5:35 pm PT

Vikas Gupta joined Google 18 months ago after it acquired Jambool, the virtual goods payment platform where he was a founder and CEO.

Here’s a Facebook App That’s Basically a Bank

Tricia Duryee in Commerce on September 20, 2011 at 6:30 am PT

Seattle-based Bobber Interactive is launching a social networking application that helps you manage your money and even earn cash rewards.

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Tech Firms Move to Hip New Home

Joseph De Avila, Reporter, The Wall Street Journal in News on August 25, 2011 at 6:00 am PT

The media have Midtown. The banks have Wall Street. Now tech companies are laying their foundation near Union Square.

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Fed Unveils Swipe-Fee Plan

Maya Jackson Randall and Victoria McGrane, Reporters, The Wall Street Journal in News on June 29, 2011 at 1:17 pm PT

The Federal Reserve on Wednesday unveiled a more moderate plan to curb the debit-card “interchange” fees banks charge retailers, proposing a base fee of 21 cents that’s far less restrictive than a draft proposal that outraged the banking industry.

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Poker Web Sites Targeted in Federal Crackdown

Chad Bray, Reporter, The Wall Street Journal in News on April 15, 2011 at 1:00 pm PT

Eleven people, including the founders of three of the largest online poker companies doing business in the U.S., have been charged in the latest crackdown on Internet gambling by U.S. authorities.

Yelp Searching for New CFO in Run-Up to IPO

Tricia Duryee in Commerce on April 15, 2011 at 10:28 am PT

Yelp is on the hunt for a new head of finance as it prepares to take the company public.

American Express Launches All-New Digital Payments Platform to Attack PayPal's Bread and Butter

Tricia Duryee in Commerce on March 28, 2011 at 5:00 am PT

American Express is launching an all-new Internet-based payment system that will go up against PayPal as part of the company’s plans to expand beyond its briefcase-touting business clientele.

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An App For That? Five Ways Banks Could Learn From Apple's iPad

David Weidner, Reporter, The Wall Street Journal in News on March 18, 2011 at 12:00 am PT

The line for the iPad 2 at Apple’s White Plains, N.Y., store stretched around the third level of the mall. The line blocked restaurants, Anthropologie and Brooks Brothers stores. Security guards had to keep the escalator exits clear. Meanwhile, the nation’s banks are getting attention by covertly raising fees charged to customers who use their automated teller machines: a whopping $5 in some cases.