LivingSocial Hack Update: Investigation Ongoing, While Emails Out to 50 Million Users

On the bright side … actually, there is no bright side.
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Exclusive: PayPal Co-Founder Levchin Launches New Payments Startup, Affirm

He’s back, and this time the well-known entrepreneur wants to give you a digital charge card.
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Barnes & Noble Warns of Data Breach

Barnes & Noble Inc. said customers at 63 stores in nine states may have had their credit-card information stolen.

A Ride in a “Square Cab,” as Mobile Payments Company Winds Down Taxicab Testing (Video)

AllThingsD takes a ride in a New York City cab that uses Square’s mobile payments system.
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Voices

The iPhone 5 Doesn’t Have NFC — So What?

When you ask the average person what is the underlying technology used to make the connection to their digital wallets, the answer will be “who cares?”

FreeMonee Grabs $34 Million to Compete in the Digital Coupon Craze

Who knew it was so expensive to save money?
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Ahead of Big Retail Push, PayPal Inks Deals With Top Hardware Vendors

Paypal is announcing that it has secured partnerships with three of the top point-of-sales providers, giving it access to nearly 40 million terminals worldwide.
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News Byte

Flint Mobile Raises $3 Million in Capital for Mobile Payments App

Flint Mobile said it has raised $3 million in a first round of capital, and that it is launching its new mobile payments app, which enables merchants to process payments with a mobile phone. But rather than requiring a merchant to buy a card reader, the app allows the merchant to snap a picture of a credit card. The round, which will be used on product development and hiring, was led by Storm Ventures and True Ventures.

Square’s Next Round Could Swipe a $4 Billion Valuation

Square is seeking to raise a fresh round of capital at a valuation of up to $4 billion, according to multiple sources familiar with the situation.
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